ISA Saver Fixed

Lock your money away for up to five years and watch your savings grow.

Who this ISA is for

  • Ideal if you're looking to lock your money away for up to five years in a cash ISA. You can close your account early but charges will apply.
  • You must be 16 or over and a UK resident for tax purposes with a national insurance number.
  • You haven't already saved in a cash ISA this tax year, unless you're going to complete an ISA transfer.

The benefits

  • Earn 4.15% AER/tax free interest for the one year term.

    Earn 4.00% AER/tax free interest for the two year term.

    An extra 0.20% AER/tax free for the one year term or 0.05% AER/tax free for the two year term will be added if you already hold a Halifax Personal Current Account that has been open for a minimum of 40 days.
  • Earn 3.20% AER/tax free interest for the five year term.

  • Fixed interest gives you the peace of mind that the interest paid will not change.
  • You can choose to have your interest paid annually or monthly (may be at a different tax-free rate).
  • Over 1,600 customers a month win up to £100,000 in our Halifax Savers Prize Draw.

How it works

  • Open with £500 or more. Then save what you like within the first 60 days as long as it's within the ISA allowance. This is £20,000 this tax year across all your ISAs. Learn more about ISAs
  • You can't withdraw money. You can close the account early or transfer your money to another ISA but you would be charged. The charge will be the same as 90 days’ worth of tax free interest on a one year term account, 180 days' worth of tax-free interest on a two year term account or 365 days' worth of tax-free interest on a five year term account.
  • After the fixed term ends, the account will change to an Instant ISA Saver.

Summary box for the ISA Saver Fixed

  • 1 year term

    4.15% AER/tax free fixed interest on balances of £1 or more for one year from account opening when interest is paid annually. An extra 0.20% AER/tax free will be added if you already hold a Halifax Personal Current Account that has been open for at least 40 days.

    4.15% AER/4.07% tax free fixed interest on balances of £1 or more for one year when interest is paid monthly. An extra 0.20% AER/tax free will be added if you already hold a Halifax Personal Current Account that has been open for a minimum of 40 days.

    2 year term

    4.00% AER/tax free fixed interest on balances of £1 or more for two years from account opening when interest is paid annually. An extra 0.05% AER/tax free will be added if you already hold a Halifax Personal Current Account that has been open for a minimum of 40 days.

    4.00% AER/3.93% tax free fixed interest on balances of £1 or more for two years when interest is paid monthly. An extra 0.05% AER/tax free will be added if you already hold a Halifax Personal Current Account that has been open for a minimum of 40 days.

    5 year term

    3.20% AER/tax free fixed interest on balances of £1 or more for five years from account opening when interest is paid annually.

    3.20% AER/3.15% tax free fixed interest on balances of £1 or more for five years when interest is paid monthly.

     

    It’s a fixed interest rate. You can choose to have this paid monthly, or after 12 months on the date you opened the account.

  • No. This account has a fixed rate of interest so the rate won’t change during the term.

  • For example, if you deposit £1000.00 when you open a one year term account, the balance after 12 months will be £1041.50.

    For example, if you deposit £1000.00 when you open a two year term account, the balance after 24 months will be £1081.60.

    For example, if you deposit £1000.00 when you open a five year term account, the balance after 60 months will be £1170.57.

    This assumes:

    • Interest is paid into this account every year.
    • You add the money the day you open the account. You then don’t add any more money.
    • You don't withdraw any money or interest.
  • This account can be opened and managed:

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

    You can open this account if: 

    • You're 16 or over and resident in the UK for tax purposes.
    • You have a national insurance number.
    • You haven't paid into a cash ISA this tax year with us or another bank, unless you plan to transfer the money into this account.

    Bear in mind:

    • You can only open this account in your sole name.
    • You need to deposit £500 or more within 60 days of opening the account. After the 60 days are up, you won’t be able to make any more deposits.
    • You can transfer over an ISA with us or another bank. To do so, open this account and then do an ISA transfer.
    • The term starts on the day you open the account.
    • If you change your mind, you can cancel the account free of charge within 14 days of opening.

    Managing the account

    • You can save up to £20,000 in a combination of permitted ISAs this tax year.
    • You can only save into one cash ISA in a tax year, unless you do an ISA transfer. This includes Help to Buy: ISAs and cash ISAs with other banks.
    • You can make as many deposits as you’d like within the first 60 days up to £20,000.
  • You can’t make withdrawals from this account, but you can close the account early. If you close the account early or transfer money to another ISA, for the one year term account you’ll be charged the equivalent of 90 days’ tax free interest. For the two year term account you’ll be charged the equivalent of 180 days’ tax free interest. For the five year term account you’ll be charged the equivalent of 365 days’ tax free interest. This means you may get back less than you put in. 

    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 the future.

    After the fixed term ends, your 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.

Open an ISA Saver Fixed

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.

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, there are over 1,600 winners in our Savers Prize Draw. 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