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ISA Reward Bonus Saver
Our cash ISA for Reward or Ultimate Reward Current Account holders. Earn more interest if you make fewer withdrawals.
Open an account with just £1
Earn 3.25% AER/3.20% tax-free variable interest if you make 3 or less withdrawals within 12 months of opening.
You should read the summary box and the account conditions (PDF, 210KB) before you apply.
We’re making some changes to our conditions on 2 June 2025. For details, please see our guide to changes (PDF, 61KB).
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 3.25% AER/3.20% 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 0.95% AER/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 this account
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Earn 3.25% AER/3.20% tax free variable interest on balances from £1 if 3 or less withdrawals are made in the 12 months after opening.
Earn 0.95% 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.
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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 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.
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 deposit £1,000 when you open the account and make no withdrawals, the balance after 12 months will be £1,032.47.
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 £974.70.
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.
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This account can be opened and managed:
- online
- on our app
- in branch
- by phone.
You can open this account if you're:- a Reward Current Account or Ultimate Reward Current Account holder
- aged 18 or over
- a UK resident.
Bear in mind:
- You can have up to five Reward Bonus Saver accounts and name each one.
- 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.
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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.
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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.
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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).
Explore your options
We want to make sure you know about our other options. Here’s one that might suit you.
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