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Savings accounts and cash ISAs
Whatever you’re saving for, a Halifax savings account or ISA could help you get there.
Pick a savings account to suit you
You’ll find several options available with Halifax, whether you:
- Need easy access to your money.
- Can afford to save for a fixed term to earn more interest.
- Want to benefit from tax-free saving.
- Want to put money aside for a child.
Putting money aside every month can give you more financial security long term and let you grow your savings by earning interest.
Halifax savings accounts include:
Compare all savings accounts
Select a tab to browse and compare our best savings accounts. Once you’ve found an account to suit your needs, you can apply online in just a few minutes.
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Each tax year you can benefit from a personal ISA allowance, helping you to earn tax-free interest.
Tax Free Savings
Account
Interest
Minimum first deposit
Open for
Withdrawals
More info
Account
Interest
4.60%
AER/tax free interest for the one year term.4.50%
AER/tax free interest for the two year term.Plus, an extra 0.10% AER/tax free for the one-year term or 0.05% AER/tax free for the two-year term if you already have a Halifax Personal Current Account that's been open for at least 40 days.
4.00%
AER/tax free interest for the five year term.Choose to receive interest monthly, or after each year.
Minimum first deposit
£500
Open for
One, two or five years. Your account will then change to an Instant ISA Saver.
Withdrawals
By account closure or transfer only. Charges apply.
More info
Account
Only available to Reward Current Account or Ultimate Reward Current Account holders.
Interest
4.20%
AER/4.12% tax free variable if you make three or fewer withdrawals.1.35%
AER/1.34% tax free variable if you make four or more withdrawals.Interest is paid monthly.
Minimum first deposit
£1
Open for
One year. Your account will then change to an Instant ISA Saver.
Withdrawals
Unlimited.
If you make four or more withdrawals, you’ll get the lower interest rate from the month you make the fourth withdrawal, until the end of the account year.
More info
Account
Interest
4.10%
AER/ 4.02% tax free variable if you make three or fewer withdrawals.1.35%
AER/1.34% tax free variable if you make four or more withdrawals.Interest is paid monthly.
Minimum first deposit
£1
Open for
One year. Your account will then change to an Instant ISA Saver.
Withdrawals
Unlimited.
If you make four or more withdrawals, you’ll get the lower interest rate from the month you make the fourth withdrawal, until the end of the account year.
More info
Account
Interest
1.45%
tax free/AER on balances from £1 - £9,999.1.50%
tax free/AER on balances from £10,000 - £49,999.1.80%
tax free/AER on balances of £50,000 or more.Interest is variable and paid after a year. Rate applies to the full balance.
Minimum first deposit
£1
Open for
One year. Your account will then change to an Instant ISA Saver.
Withdrawals
Unlimited.
More info
Account
An ISA for anyone aged under 18.
Interest
3.65%
tax free/AER variable.Interest is paid after each year.
Minimum first deposit
£1
Open for
Until the child's 18th birthday. The account will then change to an adult ISA Saver Variable.
Withdrawals
None, until the child is 18.
More info
Tax treatment depends on individual circumstances and may change in the future.
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Earn a higher rate of interest for setting aside your savings for a longer stretch of time.
Fixed Term Savings
Account
Interest
Minimum first deposit
Open for
Withdrawals
More info
Account
Interest
4.60%
AER/tax free interest for the one year term.4.50%
AER/tax free interest for the two year term.Plus, an extra 0.10% AER/tax free for the one-year term or 0.05% AER/tax free for the two-year term if you already have a Halifax Personal Current Account that's been open for at least 40 days.
4.00%
AER/tax free interest for the five year term.Choose to receive interest monthly, or after each year.
Minimum first deposit
£500
Open for
One, two or five years. Your account will then change to an Instant ISA Saver.
Withdrawals
By account closure or transfer only. Charges apply.
More info
Account
Interest
4.60%
AER/gross interest for the one year term.4.50%
AER/gross interest for the two year term.Plus, an extra 0.10% AER/gross for the one-year term or 0.05% AER/gross for the two-year term if you already have a Halifax Personal Current Account that's been open for at least 40 days.
4.00%
AER/gross interest for the five year term.Choose to receive interest monthly, or after each year.
Minimum first deposit
£500
Open for
One, two or five years. Your account will then change to an Instant Saver.
Withdrawals
By account closure or transfer only. Charges apply.
More info
Account
Interest
5.50%
gross/AER fixed.Interest is paid after a year.
Minimum first deposit
£25 to £250 a month
Open for
One year. Everything you save will then be moved to an Everyday Saver account.
Withdrawals
By account closure only.
More info
Account
Interest
4.70%
AER/gross fixed.Interest is paid after each year.
Minimum first deposit
10% of the agreed property purchase price, up to £50,000
Open for
Three years. Your account will then change to an Instant Saver.
Withdrawals
No withdrawals or early closure.
More info
Tax treatment depends on individual circumstances and may change in the future.
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Put some money aside or encourage a child to save using an account designed for kids and teens.
Kid's Savings
Account
Interest
Minimum first deposit
Open for
Withdrawals
More info
Account
For 11–15-year-olds, providing a current account and savings account.
The parent or legal guardian needs a Reward Current Account or Ultimate Reward Current Account to open this account.
Interest
3.40%
AER/3.35% gross on balances from £1 - £1,000.1.45%
AER/1.44% gross on any excess above £1,000.Interest is variable, paid monthly and applies to the savings account only.
Minimum first deposit
£1
Open for
Until the child’s 18th birthday. The savings account will then change to an adult Instant Saver. The spending account will change to an adult Current Account.
Withdrawals
Unlimited.
More info
Account
For adults who want to regularly save for a child aged 15 and under.
Interest
5.50%
AER/gross fixed.Interest is variable and paid monthly.
Minimum first deposit
£10 to £100 a month
Open for
One year. Everything you save will then be moved to a Kids' Saver account.
Withdrawals
By account closure only.
More info
Account
For adults who want to save for a child aged 15 and under.
Interest
3.40%AER/3.35% gross on balances from £1 - £5,000.
1.45%AER/1.44% gross on any excess above £5,000.
Interest is variable and paid monthly.
Minimum first deposit
£1
Open for
Until the child's 16th birthday. The account will then change to an adult Everyday Saver.
Withdrawals
Unlimited.
More info
Account
An ISA for anyone aged under 18.
Interest
3.65%
tax free/AER variable.Interest is paid after each year.
Minimum first deposit
£1
Open for
Until the child's 18th birthday. The account will then change to an adult ISA Saver Variable.
Withdrawals
None, until the child is 18.
More info
More on kids’ savings accounts
See all youth and student accounts
Tax treatment depends on individual circumstances and may change in the future.
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Cash savings are relatively secure, providing a predictable return, but they’re not the only option. By accepting more risk and putting your money away for longer, you could enjoy higher returns with investing.
Whether you’re an experienced investor, or just starting out, there’s a Halifax account to suit you:
Please remember that the value of all investments can fall as well as rise, and you may get back less than you invest. If you’re not sure about investing, seek financial advice. There will normally be a charge for that advice. Tax treatment depends on personal circumstances and may be subject to change.
Offering you a flexible way to earn interest, and still access your money when you need it.
|
Account |
Interest |
Minimum first deposit |
Open for |
Withdrawals |
More info |
|---|---|---|---|---|---|
AccountOnly available to Reward Current Account or Ultimate Reward Current Account holders. |
Interest4.20% 1.35% Interest is paid monthly. |
Minimum first deposit£1 |
Open forOne year. Your account will then change to an Instant Saver. |
WithdrawalsUnlimited. If you make four or more withdrawals, you’ll get the lower interest rate from the month you make the fourth withdrawal, until the end of the account year. |
More info |
Account |
Interest4.10% 1.35% Interest is paid monthly. |
Minimum first deposit£1 |
Open forOne year. Your account will then change to an Instant Saver. |
WithdrawalsUnlimited. If you make four or more withdrawals, you’ll get the lower interest rate from the month you make the fourth withdrawal, until the end of the account year. |
More info |
AccountOnly available to Reward Current Account or Ultimate Reward Current Account holders. |
Interest4.20% 1.35% Interest is paid monthly. |
Minimum first deposit£1 |
Open forOne year. Your account will then change to an Instant ISA Saver. |
WithdrawalsUnlimited. If you make four or more withdrawals, you’ll get the lower interest rate from the month you make the fourth withdrawal, until the end of the account year. |
More info |
Account |
Interest4.10% 1.35% Interest is paid monthly. |
Minimum first deposit£1 |
Open forOne year. Your account will then change to an Instant ISA Saver. |
WithdrawalsUnlimited. If you make four or more withdrawals, you’ll get the lower interest rate from the month you make the fourth withdrawal, until the end of the account year. |
More info |
AccountOpen as many as five Everyday Saver accounts, giving you different saving pots. |
Interest1.45% 1.50% 1.80% Interest is variable and paid after a year. Rate applies to the full balance. |
Minimum first deposit£1 |
Open forOne year. Your account will then change to an Instant Saver. |
WithdrawalsUnlimited |
More info |
Account |
Interest1.45% 1.50% 1.80% Interest is variable and paid after a year. Rate applies to the full balance. |
Minimum first deposit£1 |
Open forOne year. Your account will then change to an Instant ISA Saver. |
WithdrawalsUnlimited |
More info |
Tax treatment depends on individual circumstances and may change in the future.
Interest on savings
Interest rates can change. You can check current interest rates online at any time.
Explaining some common terms
AER
As well as making it easier to compare accounts, the Annual Equivalent Rate (AER) helps you to understand how much interest you could earn from your savings in a year.
AER includes the effect of compound interest – essentially the interest you earn on top of any interest that’s already part of your savings balance.
Tax free
You don’t usually need to pay tax on interest earned on:
- ISAs
- Kids accounts.
Adults can earn a certain amount of tax-free interest on their savings each year, depending on your:
- Starting rate for savings or personal savings allowance.
- Personal earnings allowance.
- Annual ISA allowance.
Gross
This is the percentage of interest you’ll earn on savings, pre-tax. Halifax won’t deduct any tax due, so you’ll need to declare and pay anything you owe to HM Revenue and Customs.
Supporting your savings journey
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.
