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An ISA for first-time buyers

Transfer your existing Help to Buy: ISA to us. You can carry on saving towards your first home and could earn a bonus from the Government.

You can no longer apply for a Help to Buy: ISA

But if you already have a Help to Buy: ISA with another provider, you can transfer it to us by phone. Existing Help to Buy: ISA customers can claim the government bonus up to £3,000 until November 2030.

Help to Buy. Backed by HM Government

Who this ISA is for

  • The ISA is for first-time buyers saving to buy a house up to the value of £250,000 outside London or £450,000 inside London.
  • If you already have a Help to Buy: ISA with another provider, you can transfer it to us by phone.
  • You’re 18 or over and resident in the UK for tax purposes with a National Insurance number. 

The benefits

  • You'll earn 2.55% AER/tax-free variable interest on any savings from £1 to £12,000. Then 1.10% AER/tax-free on any excess above £12,000.
  • Receive a 25% bonus from the Government towards your first home, up to £3,000. The bonus would be the same as 25% of your closing balance if it is £1,600 or more.
  • You can use the bonus to buy your first home. You won't be able to use the bonus towards your deposit or any costs incurred before completion.

How it works

  • Save up to £200 per month by standing order, to be received by the 25th of the month.
  • You won't be able to open a new Help to Buy: ISA account. You can only transfer an existing Help to Buy: ISA to us from another provider.
  • When you’re ready to buy your first home, close your Help to Buy: ISA in branch in one transaction. You can then claim the bonus with your conveyancer. If you can't get to a branch, you can close your account with a written request. 
  • If you withdraw the money without closing the account, you can't claim any bonus on the amount taken out.

Summary box for the Help to Buy: ISA

  • You'll earn 2.55% AER/tax-free variable interest on any savings from £1 to £12,000. Then 1.10% AER/tax-free on any excess above £12,000.

    We pay interest after each year.

  • Yes. As this account pays a variable rate of interest, we can change it over time. We’ll always let you know of any planned changes to the rate. Our account conditions (PDF, 346KB) explain when and how we do this. For example, we might review the interest rate if the Bank of England base rate changes.

    We’re making some changes to our conditions on 02 June 2025. For details, see our guide to changes (PDF, 61KB).

  • For example, if your balance is £1,000.00 when you transfer the account to us, after 12 months you'll have a balance of £2240.80 after interest is paid.

    Or, if your balance is £13,000.00 when you transfer the account to us, after 12 months you'll have a balance of £14523.60 after interest is paid.

    This assumes:

    • you don’t withdraw any money or interest
    • the interest rate stays the same
    • you make regular deposits of £100.00 in the middle of each month.

    If you have more than £12,000 in your account, you’ll get two different interest rates on your balance. The higher rate applies to everything up to £12,000 and the lower rate to any excess above £12,000.

    Also, if your balance is £1,600 or more when you close the account, you'll get a 25% bonus on your final balance. The UK Government pays this if you buy a house up to the value of £250,000 outside London or £450,000 inside London. The minimum bonus of £400 is payable on closing balances of £1,600. The maximum bonus of £3,000 is paid on closing balances of £12,000 or more.

  • You can manage this account:

    • online
    • on our app
    • in branch
    • by phone.

    Transferring into our Help to Buy: ISA

    We no longer accept new applications for this ISA. If you already have a Help to Buy: ISA with another provider, you can transfer it to us over the phone. All the money will be moved over to your new account.

    Apart from the Help to Buy: ISA you are transferring from, you must not have saved into another cash ISA this tax year with Halifax. Read our guide to ISAs for more information.

    The ISA is for first-time buyers who are:

    • 18 or over and have a National Insurance number
    • resident in UK for tax purposes
    • saving to buy a house up to the value of £250,000 outside London or £450,000 inside London.

    There are limits on how much you can save in a Help to Buy: ISA:

    • The Help to Buy: ISA is a cash ISA and you can only save into one cash ISA in a tax year with Halifax. Read our guide to ISAs for more information.
    • ISAs have an annual limit of £20,000 this tax year. This means you can’t pay more than this limit into any combination of permitted ISAs within the same tax year.
    • The Help to Buy: ISA allowance is lower than the overall £20,000 ISA allowance as you can only pay in up to £200 in any calendar month. This must be paid by standing order and received by the 25th of the month (this can include the month you transfer your ISA). If you want to reach the full ISA limit in a tax year, you'll have to invest any other new contributions into other permitted ISAs.

  • Yes. You can make unlimited withdrawals, but you won't be able to claim the government bonus on the funds you withdraw.

    You can close your account at any time by visiting your local branch. If you choose to close the account and move the money to a non-ISA account, your savings will lose their tax-free status. The tax treatment depends on your individual circumstances and may change in the future.

  • How to start the claim for your bonus

    To start the claim for your bonus, you need to close your account in one transaction in branch when you're ready to purchase your first UK property. The property should be up to the value of £250,000 outside London and £450,000 inside London. Remember you can't use the bonus to cover any costs you incur before completion or to use as the deposit due at exchange of contracts.

    You'll also need to pass your Help to Buy: ISA closing documents onto your conveyancer. They'll claim the bonus for you. They must be approved as an eligible conveyancer under the Help to Buy: ISA scheme.

    Savings terms explained

    Tax-free

    This means you won't pay income tax on your interest.

    AER

    AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account that shows an interest rate, you'll see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.

    For more definitions, view our glossary.

    Help to Buy: ISA administrator

    The Help to Buy: ISA scheme administrator is National Savings and Investments (NS&I). NS&I works with HM Treasury. The administrator was UKAR (UK Asset Resolution Limited) until 31 March 2019.

Transfer your Help to Buy: ISA to us

Do you already have a Help to Buy: ISA? You can transfer the full balance to us.

Call us to start your transfer.

Let’s take a closer look

Protecting your money

FSCS logo



The Financial Services Compensation Scheme (FSCS) protects up to £85,000 of the eligible money you hold with us.

More about the FSCS



Protecting your money

FSCS logo

The Financial Services Compensation Scheme (FSCS) protects up to £85,000 of the eligible money you hold with us.

More about the FSCS

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Savings accounts and cash ISAs

Whatever you’re saving for, get there with Halifax.

See our savings accounts