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Halifax
Our Online Bank Buys *
| Rate (AER) | Minimum Balance | ||
|---|---|---|---|
| A & L | 8.50% | £1 |  |
| Lloyds TSB | 4.00% | £1 | |
| A & L | 1.50% | £1 | |
| Barclays | 0.10% | £1 | |
| Citibank | 0.10% | £1 | |
| * Based on £500 Credit and is a limited guide to the market | |||
Former building society Halifax has an attractive basic current account paying an attractive interest rate on credit balances of up to £2,500. Over this amount, the rate reverts to nominal interest. The only condition is that you pay at least £1,000 into the account every month.
Is your current account the best one for you? 'Cheque out' the competition with Moneyextra's comparison services to find out.
If you pay in less than £1,000 a month you can still get a Halifax current account, but will not benefit from the high interest rate.
Halifax also offers a range of packaged accounts. The Ultimate Rewards Current Account costs £10 a month. The deal includes worldwide multi-trip family travel insurance, car breakdown cover and mobile phone insurance.
The Halifax moneyback Current Account is available for anyone who regularly uses their debit card to make purchases and pays in £1,000 or more a month. It offers 1% moneyback on the first £10,000 of debit card purchases you make every year, earning you up to £100 a year, but pays only a nominal interest rate on credit balances.
There are also student current accounts on offer, with overdraft benefits which continue for up to 12 months after the course has finished.
Is your current account the best one for you? 'Cheque out' the competition with Moneyextra's comparison services to find out.
Last updated February 2008
Nothing in this article constitutes investment advice or a recommendation by Moneyextra to invest in any product, or employ any service, mentioned or advertised.