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Cheap savings rates: Halifax increases its cash rewards scheme
Those who put £1,000 or more into their account each calendar month will be eligible for this sum by applying for the Halifax Clarity credit card, which was launched last month.
A £5 cash back award becomes available when those using these credit cards spend £300 or more in one month, which in addition to the existing £60 cash reward eligibility will allow these individuals to earn approximately £120 a year.
Ian Hallett, director of personal current accounts at the bank, claimed that this is the perfect deal for those looking for a bank account with long-term rewards.
He said: "Both [the savings account and credit card] individually offer brilliant value, but taken together they represent a truly fantastic package for our customers."
Dr Ros Altmann, pensions policy and savings expert, recently called for greater clarity to be provided about the setup for long-term savings schemes.
Moneyextra.com recommends you take independent financial advice before acting on any article
Back2010-08-11 13:21:46 © Moneyextra.com
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