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Account features
Ready to apply for an Expresscash Account?
Just select your age and we’ll help you find the right option.
Key information on the Expresscash Account
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For more information and terms and conditions for this Bank Account read the Bank Account Getting Started Guide (PDF, 1.1MB).
Expresscash - Ways we use your data (child friendly version) (PDF, 35KB)
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Interest paid on credit balances
AER%
Gross (before tax each year) %
AER%
Expresscash account opened before 23 August 2021
Gross (before tax each year) %
0.50% on balances between £0.01 and £2,499.99
0.50% on balances between £0.01 and £2,499.99
AER%
Expresscash account opened on or after 23 August 2021
Gross (before tax each year) %
0.50% on balances between £0.01 and £999.99
0.50% on balances between £0.01 and £999.99
AER stands for annual equivalent rate and shows what the interest rate would be if interest were paid and compounded each year. (In other words, you earn interest on the money you leave in your account.)
Interest is paid Gross, meaning we will not deduct tax on your behalf. Dependent on your personal circumstances, tax may be due on your interest and it is your responsibility to disclose and pay any tax due directly to HMRC.
We will pay interest to your account between the last day of the month and the first working day of the month after that. Interest is paid on the full amount in your account.
All interest rates are variable.
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As this account is just for 11 - 17 year olds, we'll automatically move you to a Current Account once you turn 18.
Halifax current accounts and services are offered subject to status.
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