Halifax

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.

Halifax is a banking chain in the UK and a division of Bank of Scotland, which, in turn, is a subsidiary of the Lloyds Banking Group.

Compare savings accounts - Ordered by interest rate

Halifax Halifax

Junior Cash ISA

Go to site

Sorry, we can't help you with this account

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} to {{productCurrency}} no limit

Term

until age 18

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site

Sorry, we can't help you with this account

Halifax Halifax

Help to Buy: ISA

Go to site

Sorry, we can't help you with this account

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} to {{productCurrency}} no limit

Notice period

instant

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site

Sorry, we can't help you with this account

Great for
  • Deposit up to £1,000 within 21 days of opening account and save up to £200 a month (meaning you can save up to £1,200 in the first month)
  • The Government will top this up by 25%, so for every £200 saved the Government will top up another £50 bonus, up to a maximum of £3,000
  • The bonus will apply to both the amount a person saves and the tax free interest built up during the period the account is open
But be aware that
  • Bonus is only eligible on homes in the UK with a purchase value of £450,000 or less in London and £250,000 or less in all other parts of the UK. Bonus is paid directly to solicitor once you have found your first home
  • You must be 16 or over, UK resident for tax purposes and a first time buyer
  • It is not possible to contribute to another cash ISA in the same tax year as you contribute to a Help to Buy: ISA
Show key information
Close
Halifax Halifax

Regular Saver

Go to site

Sorry, we can't help you with this account

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{25 | currency : '' : 0}} to {{productCurrency}}{{3000 | currency : '' : 0}}

Term

12 month bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site

Sorry, we can't help you with this account

Halifax Halifax

ISA Saver Variable

Go to site

Sorry, we can't help you with this account

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} to {{productCurrency}} no limit

Notice period

instant

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site

Sorry, we can't help you with this account

Great for
  • Save up to your ISA allowance for the 2017/2018 tax year, plus transfers in from previous tax years
  • Cash ISA transfers in benefit from the Halifax ISA Promise
But be aware that
  • After 12 months, variable rate without bonus will apply, currently 0.05% 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 ISA allowance in a cash ISA, a stocks and shares ISA or a mix of the two per tax year
Show key information
Close
Halifax Halifax

Everyday Saver

Go to site

Sorry, we can't help you with this account

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} to {{productCurrency}}{{9000000 | currency : '' : 0}}

Notice period

instant

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site

Sorry, we can't help you with this account


See more savings accounts

Halifax savings guide

There are various savings accounts to choose from. Easy access accounts 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.

Thanks to the Personal Savings Allowance, savings interest is now paid without any deduction of tax. If you are a standard rate (20%) taxpayer, you can earn up to £1,000 in savings interest tax-free each year. Higher rate (40%) taxpayers can earn up to £500 a year in savings interest without paying tax.

Those on the additional rate (45%) do not benefit from a Personal Savings Allowance and must pay tax on savings interest.

In addition to this tax-free allowance, you can save tax-free in an individual savings account, where every adult has an annual allowance tied to the tax year, which ends each year on April 5 (the ISA allowance is £20,000).

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 (as of 30 January, 2017) of any savings held with an institution such as Halifax is protected by the Financial Services Compensation Scheme (FSCS). 

Savings. Trust us to explain them simply

Savings Guides

  

Can't find what you're looking for? Try looking at our news, views and in-depth savings guides