Cash ISAs

A Halifax cash ISA gives you a great way to save up to £5,940 until 30 June 2014. From 1st July the annual ISA subscription limit will increase to £15,000 as per the Budget announcement on 19th March 2014. You can choose to invest any remaining allowance in a cash ISA, a stocks and shares ISA or a combination of both providing you don’t invest more than £15,000 in total during the 2014/15 tax year.

Choose between our best easy access and fixed term cash ISAs or take a look at the full range we offer, including the Junior Cash ISA.

Account NameBenefits & featuresInterest rate 

ISA Saver Fixed

Access: by phone in branch

ISA conditions

  • Qualifying account for the Halifax Savers Prize Draw
  • Choice of interest paid monthly or annually (only annual interest available online)
  • You can choose where your interest is paid: to your ISA, to another account with us or another bank or building society. If interest is paid into a different account, it will lose its tax free status once that has happened.
  • You have 14 days from the date of opening in which you can cancel your account without charge by closure or transfer to another ISA product. We will repay any credit balance and pay interest on the account for the time your money was with us.

Bear in mind

  • Minimum balance £500
  • Deposits required within 180 days of account opening
  • Interest paid annually on anniversary of account opening
  • No withdrawals (except account closure)
  • If you close your account early, you lose an amount equivalent to:
     - 90 days’ tax free interest for a 1 year term
     - 135 days’ tax free interest for an 18 month term
     - 180 days’ tax free interest for a 2 year term
     - 270 days’ tax free interest for a 3 year term
    This means you may get back less than the amount you invested.
  • At the end of the fixed term, unless we receive instructions from you, your account will roll over into an ISA Saver Variable without bonus, currently paying 0.50% tax free/AER variable
  • You will need your National Insurance Number to hand before you apply
1.65% tax free/AER fixed for 1 year

Find out more

2.00% tax free/AER fixed for 18 months

Find out more

2.05% tax free/AER fixed for 2 years

Find out more

2.25% tax free/AER fixed for 3 years

Find out more

ISA Saver Online

Access: by phone

ISA conditions

  • Manage and top up your ISA online
  • Deposit up to £5,940 until 30 June 2014. From 1st July the annual ISA subscription limit will increase to £15,000 as per the Budget announcement on 19th March 2014.
  • Unlimited withdrawals (subject to a minimum balance of £1)
  • Qualifying account for the Halifax Savers Prize Draw
  • You have 14 days from account opening to another ISA provider. We'll repay any credit balance outstanding and pay interest on the account for the time your money was with us.

Bear in mind

  • Online access only
  • Interest paid annually on 5th April, unless 5th April is not a working day then it will be paid the previous working day
  • Once you have paid in the maximum cash ISA allowance, any money withdrawn cannot be replaced in the same tax year.
  • You will need your National Insurance Number to hand before you apply

1.55% tax free/AER variable including 12 month fixed bonus of 1.30%

At the end of the bonus period:
Variable rates without bonus will apply (currently this is 0.25% tax free/AER variable).

Find out more

Tax treatment depends on your child's individual circumstances and may change.

Stocks & Shares ISAs

Stocks and shares ISAs are a great way to invest tax efficiently. In the 2014/15 tax year, currently you can invest up to £11,880 in a stocks and shares ISA, less any amounts you may have paid into a cash ISA in the same tax year, and any increase in value is free of personal tax. From 1st July the annual ISA subscription limit will increase to £15,000 as per the Budget announcement on 19th March 2014. As with all stock market related products there are risks involved and you may get back less than invested, but there is potential for higher returns when investing for the medium to long term (5 - 10 years).

Account nameMaximum contributionMinimum opening
balance
WithdrawalsManage
your
money
 
Stocks &Shares ISA
Invest tax-efficiently online in one of our managed funds
£11,880 until 30 June 2014. From 1st July the annual ISA subscription limit will increase to £15,000 as per the Budget announcement on 19th March 2014. £100 regular investment (£2,000 lump sum) Unlimited Online Access  Find out more
Self-Select Stocks & Shares ISA
A tax efficient way to trade a wide range of stocks and shares.
£11,880 until 30 June 2014. From 1st July the annual ISA subscription limit will increase to £15,000 as per the Budget announcement on 19th March 2014. £20 Unlimited Online Access Telephone Access Find out more
Junior Stocks & Shares ISA
Invest tax efficiently for the benefit of your child.
£3,840 until 30 June 2014. From 1st July the annual Junior ISA subscription limit will increase to £4,000 as per the Budget announcement on 19th March 2014. £20 None, until the child is 18 Online Access Telephone Access Find out more

The earlier and the more you add to your ISA the better. But the crucial thing to remember is that every tax year - which runs from 6th April one year to 5th April the next year - you're only allowed to invest a certain amount into ISA's. This is known as your annual ISA allowance.

Tax treatment depends on your individual circumstances and may change in the future.

Remember, the value of an investment and the income from it can go down as well as up and you may get back less than originally invested.

Options for existing customers

Fixed cash ISA maturity

If you currently have a fixed cash ISA that is about to mature you can reinvest your money, add to or withdraw from your funds or just close your account. If your account matures in the next 28 days you can sign into Online Banking to provide your instructions to us. If you're not registered for Online Banking or have more than 28 days until your account matures you can still provide your instructions to us.

Convert your existing easy access cash ISA

If the fixed bonus period on your easy access cash ISA has ended, you can convert it to one of our new fixed or variable cash ISAs to get our best rates. Converting your account means either changing the type of account you hold, or changing the rate of interest that your account pays. Just complete and submit a short conversion form and we'll do the rest.

Top up your cash ISA

Save up to £5,940 until 30 June 2014. From 1st July the annual ISA subscription limit will increase to £15,000 as per the Budget announcement on 19th March 2014. You can choose to invest any remaining allowance in a cash ISA, a stocks and shares ISA or a combination of both providing you don’t invest more than £15,000 in total during the 2014/15 tax year. You get a new ISA allowance each tax year, starting on 6th April. If you haven't used up your full allowance by 5th April you'll miss the opportunity to save the maximum amount tax-free. To avoid missing out you can top up your Halifax easy access cash ISA by setting up a regular payment or just making a one-off lump sum deposit, whichever suits you. Our guide shows how you can easily top up your ISA using Online Banking.

Help & Guidance

Don't know where to start?

Want to know more about ISAs before you continue? Whether you're new to ISAs or want to manage an existing account, we've put together a guide that tells you everything you need to know to help you on your way.

 Frequently asked questions

How much can I save in an ISA?
You can currently save up to £5,940 in a cash ISA this tax year. You can invest your full ISA allowance of £11,880 into a stocks and shares ISA less any amounts you save in a cash ISA in the same tax year. For example, if you have already saved £5,940 in a cash ISA you can then invest up to £5,940 into a stocks and shares ISA. From 1st July the annual ISA subscription limit will increase to £15,000 as per the Budget announcement on 19th March 2014.

When does the tax year start and end?
Tax years run from 6th April one year to 5th April the following year.

Will I get charged for switching my cash ISA to Halifax?
Halifax will not charge you for switching your cash ISA, but your existing ISA manager may make administration charges for the transfer, such as for supplying information. Unfortunately, we’re not able to refund any charges made by your existing provider or refund any interest and/or bonus you may lose by transferring. You’ll need to check with your existing ISA provider.

Still not found what you're looking for? Take a look at our full list of the most common queries we receive about ISAs from our customers.

For a definition of AER, tax free and other terms please view our savings glossary.

You're protected

Your eligible deposits with Halifax are protected up to a total of £85,000 by the Financial Services Compensation Scheme.

Find out more
You are here:  Home > ISAs