ISA Reward Bonus Saver

Our cash ISA for Reward or Ultimate Reward Current Account holders. Earn more interest if you make fewer withdrawals.

Who this ISA is for

  • This is for Reward Current Account or Ultimate Reward Current Account customers. It's ideal if you don't need to make regular withdrawals.
  • You must be a UK resident for tax purposes, aged 18 or over 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 4.00% AER/3.93% tax free variable interest if 3 or less withdrawals are made in the 12 months after opening. How this worksIf you make three or less withdrawals within the 12 month term, you’ll get paid the higher rate of interest for the whole term. Your interest will be paid monthly, on the same date you opened the account.
  • Earn 1.35% AER/1.34% tax free variable interest if 4 or more withdrawals are made in the 12 months after opening. How this worksIf you make 4 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.
  • This is a flexible ISA, so if you make a withdrawal, you can pay that money back in to this account before the end of the tax year and not affect the amount you can save in your cash ISA tax free.
  • Over 1,600 customers a month win up to £100,000 in our Halifax Savers Prize Draw.

How it works

  • Open the account with as little as £1.
  • Open and manage online, on our app, in branch or by phone.
  • After 12 months, the account will change to an Instant ISA Saver.

Summary box for the ISA Reward Bonus Saver

  • Earn 4.00% AER/3.93% tax free variable interest on balances from £1 if 3 or less withdrawals are made in the 12 months after opening.

    Earn 1.35% AER/1.34% tax free variable interest 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 fourth withdrawal until the end of the account year.

    Interest is paid monthly, on the same date you open your account.

  • 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 account conditions (PDF, 210KB) explain when and how we do this. For example we might review the interest rate if the Bank of England base rate changes.

  • For example, if you deposit £1,000 when you open the account and make no withdrawals, the balance after 12 months will be £1,040.01.

    If you deposit £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 £979.36.

    This assumes:

    • You make your deposit on the day you open the account.
    • You don’t add any more money.
    • The interest rate stays the same.
  • This account can be opened and managed

    • online
    • on our app
    • in branch
    • by phone

    Opening this account

    You can open this account if you:

    You must open with at least £1.
    You can transfer an ISA you have with us or another bank. Find out how to transfer an ISA

    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.

  • 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.

    This is a flexible ISA, so if you make a withdrawal, you can pay that money back in to this account before the end of the tax year and not affect the amount you can save in your cash ISA tax free.

    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.

    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.

  • Savings terms explained

    Tax free means you will not pay income tax on your interest.

    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 savings glossary.

Your new ISA Reward Bonus Saver is minutes away

You should read the summary box and the account conditions (PDF, 210KB) before you apply.

Open now Open an ISA Reward Bonus Saver

Other ways to apply

  • By phone on 0345 726 3646. Lines are open 8am – 8pm, seven days a week.
    Not all Telephone Banking services are available 24 hours a day, seven days a week.
  • In branch Book an appointment at your local branch at a time to suit you.
     

Existing Halifax cash ISA customers

If you've already got an easy access cash ISA with us, you can renew it into an ISA Reward Bonus Saver without needing to open a new account.

Have you thought about investing?

Our investment options could provide a higher return than saving. Choose from our investment accounts.

More about investing

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.

Learn more about transfers

Savers Prize Draw

Every month, our Savers Prize Draw makes three lucky savers £100,000 better off. Visit the prize draw page for the full draw rules.

Find out how to register

Financial Services Compensation Scheme

Eligible deposits held with us are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme.

FSCS logo 

Visit our FSCS page

Savings accounts and cash ISAs

Whatever you’re saving for, get there with Halifax.

See our savings accounts

Savings accounts and cash ISAs

Whatever you’re saving for, get there with Halifax.

See our savings accounts