Halifax reduces credit interest for the second time

Halifax is to cut the interest it pays to new current account customers from next month.

13th June, 2009

Halifax is to cut the interest it pays to new current account customers from next month.

The move will mean that new customers can only earn a maximum of €105 in interest per year on credit balances in their current accounts, down from the €140 ceiling in place for existing customers.

A Halifax spokesman said existing current account customers and customers who opened accounts before a cutoff point in early July would still qualify to...

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