Halifax cuts interest rate on Kids’ Saver account to 1%

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Returns cut from 1.45% on balances up to £5,000 despite expected rise in Bank of England base rate

Photograph: Geoffrey Swaine/Rex/ShutterstockPhotograph: Geoffrey Swaine/Rex/ShutterstockHalifax has cut the interest rate it pays on its Kids’ Saver account, despite expectations of anSavers into the account will have their returns cut from 1.45% to 1% on savings up to £5,000. On balances above that the account will continue to pay 0.01%,

 

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