Features and benefits

Earn up to 3.00% AER

Earn 3.00% AER/2.96% tax-free variable interest if 3 or less withdrawals are made in the 12 months after opening. You’ll earn 0.90% AER/tax free variable interest if 4 or more withdrawals are made in the 12 months after opening. 

How this worksIf you make 3 or less withdrawals, you’ll get paid the higher rate of interest. Interest is paid monthly, on the same date you opened the account. If 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.

If you make 3 or less withdrawals, you’ll get paid the higher rate of interest. If 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.

Flexible ISA

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.

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.

Let's break it down

Who it's for

You can open this account if you:

  • are 18 or over and a UK resident for tax purposes
  • have a National Insurance number.

You must also be a Reward Current Account or Ultimate Reward Current Account holder.

How it works

  • Open with just £1. Save and access your money when you want to.
  • Open and manage online, on the app, in a branch or by phone.
  • After 12 months the account will change to an Instant ISA Saver.

Summary box for this account

  • Earn 3.00% AER/2.96% tax free variable interest on balances from £1 if 3 or less withdrawals are made in the 12 months after opening.
    Earn 0.90% AER/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 £1,030.00.

    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 £973.75.

    This assumes:

    • You make the 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.


    You can open this account if you're:


    Bear in mind:

    • You need to open the account in sole name but you can make it joint once it's open.
    • Open with just £1.
    • If you change your mind, you can cancel the account free of charge within 30 days of opening.
  • Yes. You can make as many withdrawals as you like 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.

    If making an online transfer, it can only be made to an existing Halifax current account.

    After 12 months the account will change to an Instant Saver. Before this happens, we'll contact you to explain your options and next steps.

  • Gross rate means we won’t deduct tax from the interest we pay on money in your account. You will need to pay any tax you may owe to HM Revenue & Customs (HMRC).

    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.

Open an ISA Reward Bonus Saver

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

 

It's simple in the app

Scan the QR code to get it.

You must be registered for online banking to apply in the app.

Once you’re in, select Apply, Savings then ISA Reward Bonus Saver.



Apply online

Whether you're an existing customer or not, you can apply on our website.
 

Open account

It's simple in the app

You must be registered for online banking to apply in the app.

Once you’re in, select Apply, Savings, then ISA Reward Bonus Saver.

Get the app

Apply online

Whether you're an existing customer or not, you can apply on our website.
 

Open account

Explore your options

We want to make sure you know about our other options. Here’s one that might suit you.

Protecting your money



The Financial Services Compensation Scheme (FSCS) protects up to £85,000 of the eligible money you hold with us.

More about the FSCS



Protecting your money

The Financial Services Compensation Scheme (FSCS) protects up to £85,000 of the eligible money you hold with us.

More about the FSCS

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