Fixed Online Saver
If you can leave your savings alone for a while, our internet-only Fixed Online Saver could really help your money grow faster. With a choice of terms, and a choice of when your interest is paid, you'll get a fixed return, for a fixed time.
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Features & Current Rates
- Fixed terms from 3 months to 5 years
You can choose a length of term that best suits you, from 3, 6 or 9 months or 1, 2, 3, 4 or 5 years. - Choose when your interest is paid to you
You can select how to receive the interest on your savings to best meet your needs, either to supplement your income or boost your savings.
You have the choice between receiving interest payments when your account matures or monthly for 3 & 6 month terms, monthly or quarterly on the 9 month term, and monthly or annually on 1-5 year terms. - No additional deposits or withdrawals allowed
The Fixed Online Saver doesn't allow any additional deposits or withdrawals. You can access your money by closing the account early, but this will result in loss of interest and you may get back less than the original amount you deposited. For more details view the summary box. - Halifax Savers Prize Draw
Fixed Online Saver is a qualifying savings account for the Halifax Savers Prize Draw, where every month we're giving 3 savers £100,000 each. And just for the May and June draws, we've increased the number of £100,000 prizes from 3 to 10 in each of these two months. - Joint accounts
If you would like to make your Fixed Online Saver a joint account, once you have opened your account, please print and complete the additional party form and take it into your local branch.
Current Rates
| Annual/Maturity rate | Quarterly rate | Monthly rate | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Term | Balance | Gross | AER | Net | Gross | AER | Net | Gross | AER pa | Net pa |
| 3 months | £500+ | 1.00% | 1.00% | 0.80% | 1.00% | 1.00% | 0.80% | |||
| 6 months | £500+ | 1.05% | 1.05% | 0.84% | 1.05% | 1.06% | 0.84% | |||
| 9 months | £500+ | 1.29% | 1.30% | 1.03% | 1.29% | 1.30% | 1.03% | |||
| 1 year | £500+ | 3.20% | 3.20% | 2.56% | 3.15% | 3.20% | 2.52% | |||
| 2 years | £500+ | 3.50% | 3.50% | 2.80% | 3.45% | 3.51% | 2.76% | |||
| 3 years | £500+ | 3.85% | 3.85% | 3.08% | 3.78% | 3.85% | 3.02% | |||
| 4 years | £500+ | 4.05% | 4.05% | 3.24% | 3.98% | 4.05% | 3.18% | |||
| 5 years | £500+ | 4.15% | 4.15% | 3.32% | 4.07% | 4.15% | 3.26% | |||
Apply for a Fixed Online Saver
Summary Box
| Account Name | Fixed Online Saver |
|---|---|
| Interest rates (AERs) | Fixed interest rate. View our current rates |
| 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's no bonus available on this account. |
| Withdrawal arrangements |
No withdrawals allowed. Early closure permitted. If you close your account early, you lose an amount equivalent to: 3 month term - 60 days’ gross interest This amount will be taken from the amount you put into your Fixed Online Saver when you opened it, and you may therefore get back less than you first deposited. |
| Access | Online only |
Apply for a Fixed Online Saver
Additional information
- Fixed rate interest - the rate we pay is fixed and will not change throughout the term
- Savings account term - this will start on the date you open your account (unless that is not a working day) even if you do not pay anything in on that day. We must receive your opening deposit within 10 days of you opening your account
- Interest paid - monthly or on maturity of your savings account for 3 and 6 month terms, monthly or quarterly for 9 month terms and monthly or annually for 1 to 5 year terms
- Eligibility - UK resident personal customers aged 16+. If you are a non-UK resident and wish to find out about the savings products that may be available to you, please call the International Banking team on 0800 876 6555 (or +44 207 451 6212 if calling from abroad). Lines are open Mon-Fri 8am - 6pm and Sat 9:30am - 1.30pm UK local time.
- Maturity - 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.
- Account conditions (opens as PDF)
- We are a member of the Financial Services Compensation Scheme so our customers' savings are protected (up to £85,000).
Apply for a Fixed Online Saver
Apply
| Term | ||
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| 3 months |  |
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| 6 months | |
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| 9 months | |
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How to fund your account with an opening credit
There are three convenient ways you can fund your account:
- If you already bank with Halifax online, you can fund the account straight away during the application process
- By money transfer from another financial institution (You will need to quote your new account details)
- By posting us a cheque to the following address:
Halifax, PO Box 548, LEEDS, LS1 1WU
Please make your cheque payable to the account holders name and include your new account details on the reverse.
