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Halifax Bank


Banking has been said to be one of the best inventions of the modern world. It is truly amazing to note how. You, like thousands and millions of customers, put your money in the bank because you want to earn an interest on it. The banks are also profit maximizing ventures and hence invest your money to earn some interest, a part of which they pay you back. And with the booming markets and rocketing success of the forex and derivatives trading market, it is not surprising that the banks have come up to pay such great interest rates.

Halifax bank is one of the very famous names in the banking sectors of UK. In fact, it is one of the names which the Bank of Scotland uses for its trading purposes. It was a part of the HBOS group but started operating as a separate entity after the HBOS Group Reorganization Act in 2006.

Like all the modern day banks, in the flat world of globalization, Halifax bank offers online banking facilities. Halifax Bank is extremely student friendly and offers the largest interest free over drafting facility up to an amount of 3,000. The typical EPR variable in this case is of 0%. The other current accounts that Halifax offers can also be profitable to you because they offer an interest rate of more than fifty percent if you have a balance of up to 2,500 and pay 1,000 a month. The Ultimate Reward Current Account not only provides you fifty times more interest rates on amounts up to 2,500 but also provides you with interest free over drafting facilities up to an amount of 3,000. This current account also provides you with multiple trip travel insurance covers and RAC covers- all you pay is just 12.50 per month.

Halifax bank also provides home insurance at a discount of 35% over the other home loan providers. Besides, you could also look at a monthly pay and bear no extra cost. If you make no claim, you could get up to 30% no claims discount. If both the house and the content are insured together, you could get an additional discount of 5%.

Personal loans at an APR typical of 9.9% are also available. The interest rate can vary in a range from 8.9% to 17.9% depending on the financial situation of the customer. You could borrow any amount from 7,000 to 25,000 and repay back the amount in a time period of 2 to 7 years. In this case, you could as well choose a protection cover in case you are unable to pay your loan back on time.

What is life when you cannot spend all that you want to? Halifax Bank brings to you the credit card schemes that you have never come across before. With a typical APR of 15.9% variable, the Halifax credit cards offer you) 0% interest on new purchases and on the first 10 months for bank transfers that have been paid back within the first 90 days.