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Important Information - Halifax Regular Saver
Key Product Information Summary Box
| Account Name | Halifax Regular Saver |
| 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 | No withdrawals or missed payments allowed during the year or the account will close. If the account is closed before maturity, the amount saved plus any interest (paid at the current Halifax Web Saver without card rate ) will be transferred to your nominated savings account with us |
| Access | After a period of 1 year your savings and interest earned will be automatically transferred into your nominated savings account Branch, telephone and online (enquiry only service) |
Interest paid annually
| Worked example: The interest on Halifax Regular Saver is calculated on the balance of the account each month . E.g. If you pay £500 in a month, the balance in the account for the first month will be £500, second month £1,000 etc. and therefore the amount of interest paid will increase over the year in line with the balance of the account. |
Maturity of term - after 12 months your savings and interest are simply transferred into your nominated savings account (which you'll be asked to open at the same time as opening your Regular Saver). Your Regular Saver account remains open and you can continue to save - the interest rate applicable at the time is then fixed for another year
Minimum payments must reach the Regular Saver account on or before the 28th of each month
Standing order - should be set up from your current account or account with another bank of building society to make regular payments, but not from a Halifax savings account
Only one account per customer
Eligibility - UK resident personal customers only aged 16+
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
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It only take a few minutes |
Call now on 0845 601 8150 (lines are open 8am to 8pm Monday to Friday, 8am to 6pm Saturday and 9am to 5pm Sunday)
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 October 2008.