Halifax offers 'double your deposit' savings

Halifax says the deal will help young people to save rather than spend, and allow them to buy their own home in the near future. The scheme will allow first time buyers placing regular deposits into a Halifax or Bank of Scotland savings account to double their deposit when buying a Persimmon Home. Savings must be made for a minimum of six months and can be up to £5,000. Persimmon will then double the amount saved up to a maximum of £10,000. David Bryant, group development director at Persimmon, says: “Not only will the ‘Double your deposit' scheme allow more people to be able to afford ...