ISA Saver Variable.

An easy access Individual Savings Account (ISA) that pays you tax free interest at a variable rate

Please read the summary box below before applying

At a glance

Interest rate

Features and benefits

Bear in mind

Withdrawals

Access

0.35% tax free/AER variable for 12 months from account opening

  • Open with just £1
  • Easy access
  • Your interest is paid tax free
  • 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
  • Your interest is paid annually on the anniversary of the account opening
  • Unlimited
  • 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.
  • Online
  • Branch
  • Phone

0.35% tax free/AER variable for 12 months from account opening


Features and benefits

  • Open with just £1
  • Easy access
  • Your interest is paid tax free
  • 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
  • Your interest is paid annually on the anniversary of the account opening

Bear in mind

Withdrawals

  • Unlimited
  • 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.

Access

  • Online
  • Branch
  • Phone

Summary box for ISA Saver Variable

1. What is the interest rate?

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

Your balance Annual interest
Tax free
AER
£1+ 0.35% 0.35%
  • Your interest is paid annually on the anniversary of the account opening.

2. Can Halifax change the interest rate?

Yes.
As this account pays a variable rate of interest the rate can change over time. For example we might review the interest rate if the Bank of England bank rate changes. We’ll always let you know of any planned changes to the rate. Our account conditions explain when and how we do this.


3. What might the future balance be?

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

Initial deposit Tax free rate Balance after 12 months
£1,000 0.35% £1,003.50

This example assumes that:

  • You don’t withdraw any money and interest isn’t paid out of the account
  • The interest rate stays the same
  • You make your initial deposit payment on the day you open the account
  • You don’t make any further deposits

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

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?

Yes.
You can make withdrawals from this account and there are no charges for doing so.

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.

If you choose to close the account and move the money to a non-ISA account, your savings will lose their tax-free status. The tax treatment depends on your individual circumstances and may change in future.

After 12 months the account automatically changes 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.


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Your new ISA Saver Variable is minutes away


Halifax Savers Prize Draw 3 top prizes of £100,000

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 each draw.


Online ISA transfers with our ISA Promise

Transfer your ISA using our quick online transfer form and as part of our ISA Promise, we'll pay you interest while your ISA funds are being transferred, provided they are free to move.


Your money is protected by the FSCS

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Please note:

Rates of interest are subject to change. Rates effective from 0.00am on 01/09/2016.
For a definition of AER, tax free and other terms please view our savings glossary.