ISA Saver Fixed.

A cash Individual Savings Account (ISA) that pays you tax free interest at a fixed rate if you put your money away for 2 years.

At a glance

Interest rate

Features and benefits

Bear in mind

Withdrawals

Access

0.70%
tax free/AER fixed for the 2 year term.

  • Open with £500 or more, which must be paid within 60 days of opening the account.
  • You can arrange for your interest to be paid into a different account, but any additional interest earned on this interest may then be subject to tax.
  • You can save up to £20,000 in a combination of permitted ISAs this tax year.
  • You can only add money into one cash ISA in each tax year. This includes the Help to Buy: ISA and cash ISAs outside of Halifax.
  • Read more about how ISAs work.

You can’t withdraw money. You can close your account early but you would be charged. See closure charges.

You will not be charged if you cancel within 14 days by closing the account or transferring to another ISA. We will pay you back any balance and pay interest on the account for the time your money was with us.

  • Online
  • Branch
  • Phone

0.70%
tax free/AER fixed for the 2 year term.


Features and benefits

Bear in mind

  • Open with £500 or more, which must be paid within 60 days of opening the account.
  • You can arrange for your interest to be paid into a different account, but any additional interest earned on this interest may then be subject to tax.
  • You can save up to £20,000 in a combination of permitted ISAs this tax year.
  • You can only add money into one cash ISA in each tax year. This includes the Help to Buy: ISA and cash ISAs outside of Halifax.
  • Read more about how ISAs work.

Withdrawals

You can’t withdraw money. You can close your account early but you would be charged. See closure charges.

You will not be charged if you cancel within 14 days by closing the account or transferring to another ISA. We will pay you back any balance and pay interest on the account for the time your money was with us.

Access

  • Online
  • Branch
  • Phone

Summary box for ISA Saver Fixed - 2 year term

1. What is the interest rate?

It’s a fixed rate, as shown in the table below

Term Your balance Annual interest
Tax free
AER
2 year £1+ 0.70% 0.70%
  • Choice of interest paid annually on the anniversary of account opening or monthly (may be at a different tax-free rate).

2. Can Halifax change the interest rate?

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


3. What might the future balance be?

Below is an example of what the future balance might be, after interest has been paid:

Term Initial deposit Tax free rate Balance after
2 years £1000.00 0.70% 24 months £1014.04

This example assumes that:

  • You don’t withdraw any money and interest isn’t paid out of the account
  • You make your initial deposit payment on the day you open the account
  • You don’t make any further deposits
  • Interest is paid annually

4. How do I open and manage my account?

This account can be opened and managed in branch, by phone or online.

Opening this account

  • You must be 16 or over and resident in the UK for tax purposes
  • You can only open this account in your sole name
  • The minimum opening deposit is £500. 
  • To transfer an existing ISA into your new account from either Halifax or another Bank, you must complete the ISA Transfer Request.
  • The term starts on the day you open the account
  • You have to make your initial deposit within 60 days of opening the account
  • You can make as many deposits as you like within these 60 days
  • After the 60 days are up, you won’t be able to make any more deposits

Managing the account

  • ISAs have an annual limit this tax year of £20,000 for new contributions, and you can’t pay more than this limit into any combination of permitted ISAs within the same tax year.
  • You can only add new contributions into one cash ISA in a tax year

5. Can I withdraw money from this account?

You can’t make withdrawals from this account, but you can close the account early. Bear in mind that if you close the account early or transfer money to another ISA, you’ll be charged the equivalent of 180 days’ tax-free interest. This means you may get back less than you put in.

Any money moved out of your ISA will lose its tax-free status. Tax treatment depends on your individual circumstances and may change in future.

After the fixed term ends, your account will automatically change to an Instant ISA Saver. See Instant ISA Saver interest rates (PDF).

Before this happens, we'll contact you to explain your options and next steps.


6. Additional information

Tax free is the rate of interest payable to you where your interest is exempt from income tax.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will include an AER, it makes it easier for you to compare what return you can expect from your savings over time.


Open an ISA Saver Fixed

We recommend you read the summary box and the account conditions (PDF) before applying.

Apply for a 2 year term


Transfer in from another ISA

Do you have another ISA? Protect your ISA allowance by asking us to move your funds for you. This is quick and easy to do through Online Banking.

More about ISA transfers


This account qualifies for the Halifax Savers Prize Draw

You've a chance of winning one of 3 top prizes of £100,000, if you register and hold £5,000 in a qualifying account during the whole calendar month before the draw.


You’re protected

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). For further information about the compensation provided by the FSCS, refer to the FSCS website at www.fscs.org.uk/. You can also visit our Financial Services Compensation Scheme page for more details.

FSCS

Please note:

Rates of interest are subject to change.
The 2 year term rates are effective from 0.00am on 02/10/2018.

For a definition of AER, tax free and other terms please view our savings glossary.