Halifax UK | Savings Accounts | Branch Saving Account

Passbook Saver

The most traditional of all saving accounts where we provide a passbook that's updated with every single transaction made over the counter in a Halifax branch.

Interest Rate	0.50% gross/AER
Fixed/Variable	Variable
Benefits	Unlimited deposits Unlimited withdrawals Open from just £1
Bear in mind	Manage your money in branch only, view online
Features	Interest paid annually on the anniversary of the account opening
Apply	To apply, use the Branch finder to find the nearest branch.

Kid's Regular Saver

If you’re saving up for something special for your child, this account is a winner. You can save as little as £10 a month. And because it’s a fixed rate, you’ll know how much your savings will grow by in a year.

Interest Rate	6.00% gross/AER
Fixed/Variable	Fixed
Benefits	Open from just £10 Pay in any amount from £10 to £100 each month by standing order
Bear in mind	For children aged 0-15 years The person opening the account must be over 18 No withdrawals Only 1 account per child Interest paid on maturity after 12 months Interest rates are fixed upon opening the account - check in branch for the current rate
Manage your money	Branch
Features	Manage account in branch Account stays open if a payment is missed, but it limits the amount that can be saved in the 12 months
Apply	To apply, use the Branch finder to find the nearest branch. In addition to your own identification, you'll need the child's birth certificate or passport.

Kids' Regular Saver example - If you save £50 each month, you'll earn £18.97 gross (£15.18 net) interest after 12 months.

The interest is calculated on the balance of the account each month, so using the example above, the first month's balance would be £50, the second month £100 etc. and therefore the amount of interest paid will increase over the year in line with the balance of the account.

After 12 months your Kids' Regular Saver account will become a variable rate easy access account that we offer at the time. We'll write to you before the 12 months are up to remind you.

The child may be eligible to receive their interest gross as a UK non tax-payer. The account(s) can be registered in branch or by completing an HMRC R85 form. You can download the R85 form at www.hmrc.gov.uk. To prevent a parent or civil partner from using their children’s account to earn interest on their money, HMRC limits the amount of gross income/interest that the parent’s’ or civil partner’s gifts can earn to £100 a year for each parent or civil partner. This limit doesn’t apply if the gift comes from anyone but the parent or civil partner. Please note that it is the parent’s or civil partner’s responsibility to declare this to HMRC if required to do so. For more details, please visit HM Revenue and Customs at www.hmrc.gov.uk.

Young Saver

This variable interest account is ideal to show children how to manage their money. There's no limit to the amount that can be saved, or withdrawn. A cash card can be issued if the child is aged seven or older.

Interest Rate	2.00% gross/AER
Fixed/Variable	Variable
Benefits	A cash card is available for children over seven Open from just £1
Bear in mind	For children aged 0-15 years The person opening the account must be over 18 Only 1 account per child Interest paid annually on the anniversary of the account opening
Manage your money	Branch
Apply	To apply, use the Branch finder to find the nearest branch. In addition to your own identification, you'll need the child's birth certificate or passport.

The child may be eligible to receive their interest gross as a UK non tax-payer. The account(s) can be registered in branch or by completing an HMRC R85 form. You can download the R85 form at www.hmrc.gov.uk. To prevent a parent or civil partner from using their children’s account to earn interest on their money, HMRC limits the amount of gross income/interest that the parent’s’ or civil partner’s gifts can earn to £100 a year for each parent or civil partner. This limit doesn’t apply if the gift comes from anyone but the parent or civil partner. Please note that it is the parent’s or civil partner’s responsibility to declare this to HMRC if required to do so. For more details, please visit HM Revenue and Customs at www.hmrc.gov.uk.

Kid's Fixed Saver

This fixed rate account is ideal If you want to save a set amount for a child over a set term. You can start saving from £500 and because it’s a fixed rate, you’ll know how much your savings will grow by.

Interest Rate	View current rates
Fixed/Variable	Fixed
Benefits	Fixed interest rates give you peace of mind Choose a term that best suits your savings goals, with terms available from 3,6,9 months or between 1,2,3,4,5, years Interest payments to suit you – Choose between upon maturity and monthly for 3 & 6 month terms, monthly or quarterly on the 9 month term, and monthly or annually on 1-5 year terms.
Bear in mind	For children aged 0-15 years, the person opening the account must be over 18 No additional deposits or withdrawals are allowed Minimum opening deposit of £500
Withdrawal arrangements	No withdrawals allowed. Early closure permitted. Closing your account before the end of the term will result in loss of gross interest and you may get back less than the original amount you deposited: 3 month – 60 days’ interest 6 month – 60 days’ interest 9 month – 90 days’ interest 1 year – 90 days’ interest 2 year – 180 days’ interest 3 year – 270 days’ interest 4 year – 320 days’ interest 5 year – 365 days’ interest
Manage your money	Branch
Apply	To apply, use the Branch finder to find the nearest branch. In addition to your own identification, you'll need the child's birth certificate or passport.

The child may be eligible to receive their interest gross as a UK non tax-payer. The account(s) can be registered in branch or by completing an HMRC R85 form. You can download the R85 form at www.hmrc.gov.uk. To prevent a parent or civil partner from using their children’s account to earn interest on their money, HMRC limits the amount of gross income/interest that the parent’s’ or civil partner’s gifts can earn to £100 a year for each parent or civil partner. This limit doesn’t apply if the gift comes from anyone but the parent or civil partner. Please note that it is the parent’s or civil partner’s responsibility to declare this to HMRC if required to do so. For more details, please visit HM Revenue and Customs at www.hmrc.gov.uk.

At the end of the fixed term, unless we receive instructions from you, your account will automatically transfer to a Matured Funds account currently paying interest at the rate of 0.10% gross/AER fixed on balances of £1,000 and over.

Junior Cash ISA

Following the introduction of the Government Junior ISA scheme, we now offer a Junior Cash ISA savings account through our Halifax branches.

Interest Rate	View our interest rates
Fixed/Variable	Variable
Benefits	A long term, tax free savings account, for children who are under 18 and were not eligible for a Child Trust Fund Interest is paid annually (on 5 April) at a tax free, variable rate The minimum opening balance is £1 Unlimited number of deposits – up to £3,600 for the tax year 2012/2013. This amount is minus any amount paid into a Stocks and Shares Junior ISA in the same tax year Relationship interest available if the adult registered contact linked to the Junior Cash ISA holds a Halifax Cash ISA with a minimum balance of £1. For children 16 and over, the relationship interest rate will automatically apply to the account Deposits can be made by anyone (annual ISA limits apply). As deposits are treated as a gift they cannot be returned to the Donor.
Bear in mind	Children born between 1st September 2002 and 2nd January 2011 were eligible for the government Child Trust Fund and so cannot open a Junior Cash ISA, unless the child was born abroad between these dates and is now a resident in the UK The account must be opened by an adult with parental responsibility if the child is under 16, or by the child if they are aged 16-17 Withdrawals from any Junior Cash ISA are not allowed until the child reaches the age of 18, except in case of the child's death or terminal illness 14 day cancellation period – if you have saved the current year's allowance, you will not lose the allowance for that tax year and can invest it in another Junior ISA Tax treatment depends on your individual circumstances and may change If the adult registered contact's Halifax cash ISA balance falls below £1, the account is closed or transferred, the relationship interest rate will no longer apply to the Junior Cash ISA
Account Maturity	When the child reaches the age of 18 their Junior Cash ISA will mature into an adult cash ISA where they can continue to save without paying tax on their existing balances
Manage your money	Branch
Apply	To apply, use the Branch finder to find the nearest branch. In addition to your own identification, you'll need the child's birth certificate or passport. If the Child is 16 or over the child will need to be present at account opening and their National Insurance Number will need to be provided.

Our Product Range

Useful Links

Branch-only accounts