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 allowed during the year.  If you fail to make a payment of at least £25 by standing order to your Regular Saver account in a particular month your account will remain open.  However it will limit the amount you can save

Access

After 12 months, your Regular Saver Account, including the balance and interest, will mature into an easy access savings account on anniversary of our receipt of your opening deposit for your Regular Saver Account. Your sort code and account number will remain the same and your standing order will continue into your easy access savings account unless you choose to stop it. If you want to continue to save regularly you can arrange to open a new Regular Saver 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 Regular Saver Account, including the balance and interest, will mature into an easy access savings account on anniversary of our receipt of your opening deposit for your Regular Saver Account. Your sort code and account number will remain the same and your standing order will continue into your easy access savings account unless you choose to stop it. If you want to continue to save regularly you can arrange to open a new Regular Saver Account.

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

Please note - If you are applying for a Halifax Regular Saver and you currently hold a Halifax Children's Regular Saver in trust for a child, then please call 0845 601 8150 or speak to a colleague in branch to complete your application.

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).

Before applying, make sure you have the following details to hand

  • Your Halifax Current Account details (applicable if you are an existing customer only)
  • Previous address details if you have lived at your current address for less than 3 years

 

Next Steps

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

Call now on 0845 850 0682 (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