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Halifax brand change savings FAQs
Your savings questions answered.
Changing your Halifax savings account to a Lloyds savings account
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Depending on your account, you may be able to renew your Halifax savings account into a Lloyds savings account. If you do, your account number, sort code and FSCS protection will stay the same. The Lloyds savings accounts available to you will be shown in the Lloyds app or online banking.
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You can't change a fixed savings account during its fixed term. When your account reaches the end of its term, you'll be able to choose to reinvest your savings into a Lloyds fixed rate account.
If you choose to reinvest, you'll keep the same account number, sort code, and FSCS protection.
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Yes. You can open a new Lloyds savings account and transfer money from your Halifax savings account into it.
This will be a new account with its own account number and sort code, and any money you pay into this new account will be protected under Lloyds Bank plc's FSCS protection.
This is different from renewing or reinvesting an existing Halifax savings account into a Lloyds savings account which is managed by Bank of Scotland. In this case, your account details stay the same and Bank of Scotland FSCS protection applies, just like it does with Halifax today.
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The brand change from Halifax to Lloyds doesn't change your account. Your interest rate, account features, terms and conditions, and FSCS protection will all stay the same.
You can close your Fixed Saver or ISA Saver Fixed when it reaches the end of its term without charge.
If you choose to close your account before the end of its fixed term, an early closure charge will apply. Details of the charge can be found in your account conditions.
If you have an ISA Saver Fixed and want to move your money to another provider, you should request an ISA transfer. If you close your ISA instead of transferring it, you'll lose its tax-free status.