The Halifax has so far reunited holders of accounts that have been forgotten about with over GBP16.5 million of their savings since starting its campaign earlier this year.
Over 7,200 people have had money paid to them by the Halifax since February this year, working out at an average of over GBP2,300 per person. The process began by looking at 25,000 dormant savings accounts, some of which had considerable sums in them. A spokesman from the Halifax said that over two thirds of the accounts that held more than GBP50,000 had been accounted for and the funds passed on to the owners.
The Halifax will continue with the remainder of the accounts but also introduce another 150,000 into the mix, worth another GBP30 million. Customers do not have to do anything, since the Halifax are searching for the owners. However it could speed up the process to get in touch with them should you have an account like this.
According to the Legal and General MoneyMood survey, the people of the UK are changing their habits regarding saving.
Compared with this time last year there are around 6 percent more people saving money now. It appears that consumers are, generally, not spending as much of their money as they once were, preferring instead to build up a buffer should they need the cash for more important things in the future. People are still going out and spending their money, just not quite as much as they used to be.
As a Legal and General savings spokeswoman said, it is good that consumers are managing to change their habits, ensuring they have some money put to one side whilst still being able to enjoy themselves.
A new Halifax savings account, offering an outstanding 10 percent interest rate for regular savers will be made available for a limited period of just 6 weeks, beginning on Monday.
The stand alone savings account requires a minimum monthly deposit of GBP500 each month to qualify and will also pay out an extra 2 percent interest should the customer place an extra GBP5,000 in a specified Halifax savings account. This would add up to 12 percent AER, something that the savings market does not normally see.
A Halifax spokesman stood by this market leading savings account and supported the way it promotes the habit of regular saving. It is a key part of consumers financial planning and this level of interest certainly gets attention.
