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ISA Bonus Saver
Our cash ISA which pays more interest if you make fewer withdrawals.
Who this ISA is for
- It’s ideal if you don’t need to make regular withdrawals.
- You must be 18 or over, resident in the UK for tax purposes with a national insurance number.
- If you’ve already saved into a cash ISA this tax year with us, you’ll need to complete an ISA transfer. ISA rules allow you to pay into more than one cash ISA in each tax year, but we only let you pay into one cash ISA with us.
The benefits
- Earn 3.05% AER/3.01% tax free variable monthly if you make 3 or less withdrawals in the 12 months after opening. How this worksIf you make three or less withdrawals, you’ll get paid the higher rate of interest. Your interest will be paid monthly, on the same date you opened the account.
- Earn 0.95% AER/tax free variable monthly if you make 4 or more withdrawals in the 12 month term. How this worksIf you make four or more withdrawals, you’ll get a lower interest rate from the month you make the 4th withdrawal until the end of the account year. Interest is paid monthly, on the same date you opened the account.
- Your interest will be paid monthly, on the same date you opened the account.
- Over 1,600 customers a month win up to £100,000 in our Halifax Savers Prize Draw.
How it works
- Open with £1 or more, then save as you like up to the ISA limit. Pay up to £20,000 into a combination of permitted ISAs this tax year. Read more about ISA limits.
- Open and manage online, on our app, in branch or by phone.
- After 12 months, your account will change to an Instant ISA Saver.
Summary box for the ISA Bonus Saver
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3.05% AER/3.01% tax free variable monthly on balances from £1 if 3 or less withdrawals are made in the 12 months after opening.
0.95% AER/tax free variable monthly on balances from £1 if 4 or more withdrawals are made in the 12 months after opening. This lower interest rate will apply from the month you make the 4th withdrawal until the end of the account year.
Interest is paid monthly, on the same date you open your account.
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Yes. As this account pays a variable rate of interest it can change over time. We’ll always let you know of any planned changes to the rate. Our terms and conditions (PDF, 210KB) explain when and how we do this. For example we might change it if it costs us more to run this account for you.
We’re making some changes to our conditions on 2 June 2025. For details, please see our guide to changes (PDF, 61KB).
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For example, if you put in £1,000 when you open the account, and make no withdrawals the balance after 12 months will be £1,030.51.
If you put in £1,000 when you open the account, and withdraw £10 on the first day of the month, for the first 4 months of the term the balance after 12 months will be £974.24.
This assumes:
- The interest rate stays the same for 12 months.
- You put money in the day you open the account and don’t add more money after that.
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This account can be opened and managed
- online
- on our app
- in branch
- by phone
Opening this account
You must be 18 or over, resident in the UK for tax purposes with a national insurance number.
If you haven't already saved into a cash ISA with us this tax year you can open a cash ISA with us by completing an ISA transfer from another provider.
You need to open this account with £1 or more. ISAs have an annual limit this tax year of £20,000 for new money, and you can’t pay more than this limit into any combination of permitted ISAs within the same tax year.
The account can only be opened in your sole name because cash ISAs cannot be joint accounts.
Managing the account
As with all ISAs, there are some rules:
- Cash ISAs cannot be joint accounts.
- You can save up to £20,000 into a combination of permitted ISAs this tax year.
- ISA rules allow you to pay into more than one cash ISA in each tax year, but we only let you pay into one cash ISA with us. You can open a cash ISA with us by completing an ISA transfer from another provider.
If you change your mind, you can cancel the account free of charge within 14 days of opening.
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Yes. You can make withdrawals from this account and there are no charges for doing so.
You’ll get a higher rate of interest if you make 3 or less withdrawals in the twelve months from opening. If you make 4 or more withdrawals, you’ll get a lower interest rate from the month you make the fourth withdrawal until the end of the account year.
Closing your account counts as a withdrawal.
This is a flexible ISA which means you can withdraw money and put it back in without counting towards your annual ISA limit.
Any money you move to an account that isn't an ISA will lose its tax-free status. Tax treatment depends on your individual circumstances and may change in future.
If you change your mind, you can cancel the account free of charge within 14 days of opening.
After 12 months the account will change to an Instant ISA Saver. Before this happens, we'll contact you to explain your options and next steps.
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Savings terms explained
Tax free variable is the rate of interest payable to you where your interest is exempt from income tax.
AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account which shows an interest rate, you will see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.
For more definitions, view our glossary.
Open an ISA Bonus Saver
You should read the summary box and the account conditions (PDF, 210KB) before you apply.
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Do you want to apply offline?
If you’d prefer to speak to someone, give us a call or visit your nearest branch.
We’re making some changes to our conditions on 02 June 2025. For details, please see our guide to changes (PDF, 61KB).
If you’ve already got an easy access cash ISA with us, you can renew it into an ISA Bonus Saver without needing to open a new account.
You might also like
Have you thought about investing?
Our investment options could provide a higher return than saving. Choose from our investment accounts.
Transfer an ISA
Do you have another ISA? Protect your ISA allowance by asking us to move your funds for you.
Transfers are quick and easy to do through Online Banking.
Savers Prize Draw
Every month, there are over 1,600 winners in our Savers Prize Draw. Visit the prize draw page for the full draw rules.
