Halifax savings accounts

Halifax offers a range of financial products which includes credit cards, loans, insurance, mortgages and current accounts.

Under its savings banner, the bank also offers a range of options such as ISAs, fixed rate bonds, regular savings and easy access accounts, which can offer competitive rates both online and offline. However, it’s important to compare any Halifax deals with the wider savings market.

Compare Halifax savings accounts - Ordered by interest rate (AER)

    • Provider/Product name 5 Year ISA Saver Fixed

      Halifax

      5 Year ISA Saver Fixed

    • Interest rate (AER) 2.20% Fixed
    • Min/Max opening amount £500 to £ no limit
    • Notice / Term Term: 5 year bond
    • Account type Fixed Rate Cash ISA Transfer In
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Save up to your ISA allowance of £15,000 for the 2014/15 tax year (increased from 1st July) plus transfers in from previous tax years
    ISA transfers in benefit from the Halifax ISA Promise
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    All deposits need to be made within 60 days of account opening. No withdrawals allowed during the term of the product
    Early closure is allowed subject to the loss of 365 days tax-free interest
    You can save up to your maximum £15,000 allowance in a cash ISA, a stocks and shares ISA or a mix of the two per tax year
    • Provider/Product name 4 Year ISA Saver Fixed

      Halifax

      4 Year ISA Saver Fixed

    • Interest rate (AER) 2.10% Fixed
    • Min/Max opening amount £500 to £ no limit
    • Notice / Term Term: 4 year bond
    • Account type Fixed Rate Cash ISA Transfer In
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Save up to your ISA allowance of £15,000 for the 2014/15 tax year (increased from 1st July) plus transfers in from previous tax years
    ISA transfers in benefit from the Halifax ISA Promise
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    All deposits need to be made within 60 days of account opening. No withdrawals allowed during the term of the product
    Early closure is allowed subject to the loss of 320 days tax-free interest
    You can save up to your maximum £15,000 allowance in a cash ISA, a stocks and shares ISA or a mix of the two per tax year
    • Provider/Product name 3 Year ISA Saver Fixed

      Halifax

      3 Year ISA Saver Fixed

    • Interest rate (AER) 2.00% Fixed
    • Min/Max opening amount £500 to £ no limit
    • Notice / Term Term: 3 year bond
    • Account type Fixed Rate Cash ISA Transfer In
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Save up to your ISA allowance of £15,000 for the 2014/15 tax year (increased from 1st July) plus transfers in from previous tax years
    ISA transfers in benefit from the Halifax ISA Promise
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    All deposits need to be made within 60 days of account opening. No withdrawals allowed during the term of the product
    Early closure is allowed subject to the loss of 270 days tax-free interest
    You can save up to your maximum £15,000 allowance in a cash ISA, a stocks and shares ISA or a mix of the two per tax year
    • Provider/Product name Fixed Online Saver

      Halifax

      Fixed Online Saver

    • Interest rate (AER) 2.00% Fixed
    • Min/Max opening amount £500 to £9,000,000
    • Notice / Term Term: 5 year bond
    • Account type Fixed Rate Bond
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Choose annual interest of 2.00% gross/AER fixed or monthly interest of 1.98% gross/2.00% AER fixed
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    No withdrawals or additional deposits are allowed during the term of the product
    Early closure is allowed subject to the loss of 365 days gross interest
    • Provider/Product name Fixed Online Saver

      Halifax

      Fixed Online Saver

    • Interest rate (AER) 1.95% Fixed
    • Min/Max opening amount £500 to £9,000,000
    • Notice / Term Term: 4 year bond
    • Account type Fixed Rate Bond
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Choose annual interest of 1.95% gross/AER fixed or monthly interest of 1.93% gross/ 1.95% AER fixed
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    No withdrawals or additional deposits are allowed during the term of the product
    Early closure is allowed subject to the loss of 320 days gross interest
    • Provider/Product name 2 Year ISA Saver Fixed

      Halifax

      2 Year ISA Saver Fixed

    • Interest rate (AER) 1.80% Fixed
    • Min/Max opening amount £500 to £ no limit
    • Notice / Term Term: 2 year bond
    • Account type Fixed Rate Cash ISA Transfer In
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Save up to your ISA allowance of £15,000 for the 2014/15 tax year (increased from 1st July) plus transfers in from previous tax years
    ISA transfers in benefit from the Halifax ISA Promise
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    All deposits need to be made within 60 days of account opening. No withdrawals allowed during the term of the product
    Early closure is allowed subject to the loss of 180 days tax-free interest
    You can save up to your maximum £15,000 allowance in a cash ISA, a stocks and shares ISA or a mix of the two per tax year
    • Provider/Product name Fixed Online Saver

      Halifax

      Fixed Online Saver

    • Interest rate (AER) 1.75% Fixed
    • Min/Max opening amount £500 to £9,000,000
    • Notice / Term Term: 3 year bond
    • Account type Fixed Rate Bond
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Choose annual interest of 1.75% gross/AER fixed or monthly interest of 1.74% gross/1.75% AER fixed
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    No withdrawals or additional deposits are allowed during the term of the product
    Early closure is allowed subject to the loss of 270 days gross interest
    • Provider/Product name 18 Month ISA Saver Fixed

      Halifax

      18 Month ISA Saver Fixed

    • Interest rate (AER) 1.70% Fixed
    • Min/Max opening amount £500 to £ no limit
    • Notice / Term Term: 18 month bond
    • Account type Fixed Rate Cash ISA Transfer In
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Save up to your ISA allowance of £15,000 for the 2014/15 tax year (increased from 1st July) plus transfers in from previous tax years
    ISA transfers in benefit from the Halifax ISA Promise
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    All deposits need to be made within 60 days of account opening. No withdrawals allowed during the term of the product
    Early closure is allowed subject to the loss of 135 days tax-free interest
    You can save up to your maximum £15,000 allowance in a cash ISA, a stocks and shares ISA or a mix of the two per tax year
    • Provider/Product name Fixed Online Saver

      Halifax

      Fixed Online Saver

    • Interest rate (AER) 1.60% Fixed
    • Min/Max opening amount £500 to £9,000,000
    • Notice / Term Term: 2 year bond
    • Account type Fixed Rate Bond
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Choose annual interest of 1.60% gross/AER fixed or monthly interest of 1.59% gross/1.60% AER fixed
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    No withdrawals or additional deposits are allowed during the term of the product
    Early closure is allowed subject to the loss of 180 days gross interest
    • Provider/Product name 1 Year ISA Saver Fixed

      Halifax

      1 Year ISA Saver Fixed

    • Interest rate (AER) 1.55% Fixed
    • Min/Max opening amount £500 to £ no limit
    • Notice / Term Term: 1 year bond
    • Account type Fixed Rate Cash ISA Transfer In
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Save up to your ISA allowance of £15,000 for the 2014/15 tax year (increased from 1st July) plus transfers in from previous tax years
    ISA transfers in benefit from the Halifax ISA Promise
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    All deposits need to be made within 60 days of account opening. No withdrawals allowed during the term of the product
    Early closure is allowed subject to 90 days’ loss of tax-free interest
    You can save up to your maximum £15,000 allowance in a cash ISA, a stocks and shares ISA or a mix of the two per tax year
    • Provider/Product name ISA Saver Online

      Halifax

      ISA Saver Online

    • Interest rate (AER) 1.50% Variable Includes Fixed bonus of 1.25% for 12 months
    • Min/Max opening amount £1 to £ no limit
    • Notice / Term Notice Period: none
    • Account type Cash ISA Transfer In
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Unlimited withdrawals/deposits up to the 2014/2015 ISA allowance of £15,000 (increased from 1st July) plus transfers in from previous tax years
    ISA transfers in benefit from the Halifax ISA Promise
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    After 12 months, variable rate without bonus will apply, currently 0.25% tax free/AER
    Any money you take out reduces the balance you could achieve at the end of the tax year
    You can save up to your maximum £15,000 allowance in a cash ISA, a stocks and shares ISA or a mix of the two per tax year
    • Provider/Product name ISA Saver Variable

      Halifax

      ISA Saver Variable

    • Interest rate (AER) 1.45% Variable Includes Fixed bonus of 0.95% for 12 months
    • Min/Max opening amount £1 to £ no limit
    • Notice / Term Notice Period: instant
    • Account type Cash ISA Transfer In
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Unlimited withdrawals/deposits up to the 2014/2015 ISA allowance of £15,000 (increased from 1st July) plus transfers in from previous tax years
    ISA transfers in benefit from the Halifax ISA Promise
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    After 12 months, variable rate without bonus will apply, currently 0.50% tax free/AER
    Any money you take out reduces the balance you could achieve at the end of the tax year
    You can save up to your maximum £15,000 allowance in a cash ISA, a stocks and shares ISA or a mix of the two per tax year
    • Provider/Product name Fixed Online Saver

      Halifax

      Fixed Online Saver

    • Interest rate (AER) 1.40% Fixed
    • Min/Max opening amount £500 to £9,000,000
    • Notice / Term Term: 1 year bond
    • Account type Fixed Rate Bond
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Choose annual interest of 1.40% gross/AER fixed or monthly interest of 1.39% gross/1.40% AER fixed
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    No withdrawals or additional deposits are allowed during the term of the product
    Early closure is allowed subject to the loss of 90 days gross interest
    • Provider/Product name Fixed Online Saver

      Halifax

      Fixed Online Saver

    • Interest rate (AER) 1.20% Fixed
    • Min/Max opening amount £500 to £9,000,000
    • Notice / Term Term: 6 month bond
    • Account type Fixed Rate Bond
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Choose annual interest of 1.20% gross/AER fixed or monthly interest of 1.19% gross/1.20% AER fixed
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    No withdrawals or additional deposits are allowed during the term of the product
    Early closure is allowed subject to the loss of 60 days gross interest
    • Provider/Product name Online Saver

      Halifax

      Online Saver

    • Interest rate (AER) 0.90% Variable
    • Min/Max opening amount £1 to £19,999
    • Notice / Term Notice Period: none
    • Account type Easy Access Account
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Tiered introductory rates for 12 months depending on your balance. 0.90% gross/AER variable for balances under £20,000, 0.95% for balances of £20,000 - £49,999 and 1.00% gross/AER variable for £50,000+
    Unlimited deposits and withdrawals
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    When the 12 month introductory period ends, the Online Saver variable rate will apply, currently 0.20% gross/AER on all balances

Halifax savings guide

If you need access to your cash and to avoid tying it up in a fixed-rate savings account, then an easy access account is the best option for you. These accounts will often allow unlimited withdrawals without penalty, but they also frequently include a short-term bonus. Once this expires, the rate paid on your savings will suddenly drop, and you’ll be left hunting around for an alternative account.

If you are happy to tie up your savings for a certain period, a fixed-rate savings account may suit. Rates on these tend to be higher than easy access accounts, although you won’t have access to your cash during the fixed-rate period with incurring a penalty.

Before opting for a general savings account, make use of your ISA allowance for tax-free interest.

When you’re picking any savings account consider the pros and cons before placing your money in it, and ensure it suits your needs.

The first £85,000 of any savings held with Halifax is protected by the Financial Services Compensation Scheme (FSCS). Remember that this protection applies per bank, not per banking institution so if you also have savings with Bank of Scotland, still only the first £85,000 will be covered. Lloyds TSB, however, which comes under the Lloyds Banking Group, carries a separate license, so savings with that bank will be protected separately up to £85,000 per person.

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