Reward Saver
A savings account exclusively for our qualifying current account customers that rewards them with a great interest rate of 2.50% gross/AER variable.
At a glance:
| Interest Rate | Benefits | Bear in mind | Access |
|---|---|---|---|
2.50% gross/AER variable or 2.25% gross/AER variable if five or more withdrawals have been made |
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Features & Current Rates
- Exclusive rate to reward qualifying customers
If you pay at least £1,000 per calendar month into your Halifax current account or hold a Halifax Ultimate Reward Current Account you are eligible for this exclusive product.
If you don't already bank with Halifax, move your current account using our Switching Service and do one of the above - Variable interest rate
The interest rate varies from time to time and may go up or down. Check in branch, online or by telephone. - Cash card available
For those who do want the option to access cash and make withdrawals at ATMs, there is a cash card available - Access your account online, in branch or by telephone
Manage your savings in branch, over the phone or online. (Just ask if you’d like a card to use with your account) - Halifax Savers Prize Draw
Reward 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 - Joint accounts
If you would like to make your Reward 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.
| Withdrawals | Rate (gross/AER variable) |
|---|---|
| Up to four in a year | 2.50% gross/AER |
| Five or more in a year | 2.25% gross/AER |
Summary Box
| Account Name | Reward Saver |
|---|---|
| Interest rates (AERs) | Variable interest rate for qualifying current account customers. 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 | Make no more than 4 withdrawals (including closure) during the Reward Saver year to earn the higher rate. If you make 5 or more withdrawals (including closure) you will receive the standard rate for the whole of your 12 month term. |
| Access | Branch, telephone and online. A cash machine card is available on request. |
Additional information
- Variable rate interest - this means the rate you earn can go up or down
- Interest paid - annually on anniversary of account opening
- Eligibility - available to Halifax personal banking customers who take out a Halifax qualifying product. Current accounts are available subject to status to customers aged 18 or over who are resident in the UK. 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).
- After 12 months – we will pay a lower rate of interest on your Reward Saver account, and your interest rate will no longer be affected by the number of withdrawals you make. We will write to you in advance to give you full details. When we write, we may also send you information about other accounts we think may be appropriate. You will be able to choose to withdraw your savings if you wish, or to keep your Reward Saver, or apply for another account, and carry on savings with us.
