Halifax account beware

It's been a while since I posted but this is worthy of a comment

I recently received a letter from Halifax to tell me that in November they will no longer be paying me credit interest on my account, but not to worry because they wouldn't charge me interest on a portion of my overdraft when I go into it.

Well that is all very well but I have had my current account with Halifax for 8 years now and I have never used the overdraft, (after all it is a loan, not as some people think an extension of your account balance and the interest on it it high.)

This has led me to look around for a better account, I did after all take this account out as they claimed, at the time, that it paid 3% credit interest. Yes this has fallen recently with the base rate cuts but it was still there, now the expect to cut it to 0% and for us just to accept it? No no no.

If you are also in this position it's possibly time to switch banks.

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