Halifax Asset Reserve Cheque Account

When this account is opened account holders will automatically be enrolled for the following extra services:-

- Cheque book facility

- Automatic sweep facility
To help customers make the most of their money, they can take advantage of Asset Reserve's sweep facility, which works in conjunction with a Halifax Current Account. The sweep automatically transfers money that the customer does not need for day-to-day expenses from their Halifax Current Account into their Asset Reserve Account, where it will earn a higher rate of interest. The minimum amount for the sweep is £50 and it can be made monthly, quarterly, half-yearly or yearly. The sweep facility is operated in one of two ways. Funds above a set amount can be automatically transferred from the Current Account to the Asset Reserve Account. All customers need to do is decide the amount (a minimum of £50) which should remain in the Halifax Current Account and the frequency of the sweep. The second method is a fixed amount can be transferred at regular intervals. Once all the arrangements have been made all transfers will be handled automatically by Halifax

- Membership of Reserve Portfolio
As part of Asset Reserve's postal service, they will keep customers updated with details of other investment opportunities which the Halifax offers through Reserve Portfolio, they include Offshore investments, High interest and fixed term investments and Tax-free investments. A Reserve Portfolio folder will be issued when the account is opened and at regular intervals customers will receive a review magazine, Portfolio which will keep customers up to date with new investment opportunities and other financial information

  Gross Rate   Gross Rate   AER
  Excluding Bonus Including Bonus
£5,000  1.60%   1.60%   1.61%