Regular Saver
Looking to get into the savings habit? Saving for something special? Our Regular Saver could be the perfect option. Start saving from £25 to £250 each month, and get a fixed rate of interest for a year.
At a glance:
| Interest Rate | Benefits | Bear in mind | Access |
|---|---|---|---|
2.00% gross/AER fixed |
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Features & Current Rates
- Get into the regular savings habit
You can be flexible - save any amount from £25 to £250 each month by standing order. Even small payments, made regularly, soon add up. - No loss of interest for missing a payment
Don't worry if you miss a payment, the account will stay open and you can keep saving, but this will limit the amount that can be saved in total. - Halifax Savers Prize Draw
Regular Saver is a qualifying savings account for the Halifax Savers Prize Draw, where every month we're giving 3 savers £100,000. - Head Start
If you are saving for your first home, you might be eligible for a reward with Head Start Home Saver - Carry on saving
After 12 months the account becomes an easy access savings account so you can keep saving. - Convenient access to your savings
Manage your savings in branch and over the phone and view your balance online
Current rate
Rate of interest currently payable is 2.00% gross/AER.
Summary Box
| Account Name | Regular Saver |
|---|---|
| Interest rates (AERs) | Fixed interest rate. View our current interest 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 during the 12 months, early closure permitted. |
| Access | View your balance in branch or online. After a period of 12 months your account will become an easy access savings account. |
Regular Saver Example - If you save £100 each month, you'll earn £12.99 gross (£10.39 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 £100, the second month £200 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 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.
Additional information
- Fixed rate interest - the rate we pay is fixed and will not to change throughout the term
- Interest paid - annually on anniversary of account opening
- 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.
- 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).
