Important Information - Halifax Guaranteed Saver Reward

Summary Box: Key Product Information

Account Name Halifax Guaranteed Saver Reward
Interest rates (AERs) Interest rates in more detail  
Tax Status Interest will be paid net of income tax (currently 20%) unless you register your account with us to receive gross interest

Conditions for bonus payment

There is no bonus available on this account

 Withdrawal  arrangements

Up to 4 withdrawals during the 12 month reward period without loss of interest.

After the 12 month reward period, the Halifax Guaranteed Saver variable interest rate and conditions will apply.

If more than four withdrawals are made during the relevant 12 month reward period, the Halifax Guaranteed Saver variable interest rate and account conditions apply to your account from the date of the fifth withdrawal. 

In terms of the fifth and any subsequent withdrawals during the reward period, you will lose an amount equal to 30 days interest on the amount you withdraw (or your closing balance).  The interest rate applicable to such withdrawals is calculated at the Halifax Guaranteed Saver interest rate. It must be held in the same name as your Halifax Guaranteed Saver Reward account.

 Access Branch, telephone (transfer between own Halifax or Bank of Scotland accounts), online and cash machine

Qualifying current accounts -  a qualifying Halifax personal current account is a Halifax High Interest Current Account, a Halifax Current Account (except for student current account), Halifax Moneyback Current Account or a Halifax Ultimate Reward Current Account.

A qualifying Bank of Scotland personal current account is a Bank of Scotland High Interest Current Account, a Bank of Scotland Current Account (except for student current account), Bank of Scotland Moneyback Current Account, Bank of Scotland Flexible Current Account, Bank of Scotland Flexible Plus Current Account or a Bank of Scotland Ultimate Reward Current Account.

Just pay £1,000 or more into your qualifying current account every month for 12 months or have an Ultimate Reward Current Account. Your qualifying account must be held in the same name as your Halifax Guaranteed Saver Reward.

Fixed interest - the rate we pay is guaranteed not to change throughout the 12 month reward period

Interest paid - annually on anniversary of opening deposit

Number of accounts - 1 account per customer (held in your sole name, or in joint names, but not both). If you hold an existing Halifax Guaranteed Saver or Guaranteed Saver Reward account you cannot open a Halifax Guaranteed Saver Reward (unless the existing account is closed).

12 month reward period  - After 12 months, or if the Halifax Guaranteed Saver Reward balance drops below £2,500, or more than 4 withdrawals are made during the 12 month reward period, Halifax Guaranteed Saver interest rates and conditions will apply.

Eligibility - UK residents only, aged 11+

Halifax Guaranteed Saver (including Reward) account conditions (opens as PDF)

Things to consider before opening a savings account

We are a member of the Financial Services Compensation Scheme  so our customers' savings are protected (up to £50,000).

 

Next steps

Apply now It only takes a few minutes to open an account online now

Call now on 0845 606 0258 (lines are open Mon - Fri 8am - 8pm, Sat 8am - 6pm, Sun 9am - 5pm)

Find your nearest branch Call into any branch (find your nearest branch)

Calls from BT landlines to 0845 numbers will cost no more than 2p a minute plus a 7p connection fee. The price of calls through other phone companies and from mobile phones will be different. The call price we have quoted was correct in December 2008.