More about Cash ISAs

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 in a fixed term account offering fixed 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:

Easy access saving accounts

Ideal if you need to access your savings regularly.

More on easy access savings

Cash ISAs

Tax-free options, helping you to save more efficiently.

More on cash ISAs

Fixed term/fixed rate accounts

Earn a fixed interest rate if you’re happy to put away your money for longer.

  • A fixed rate over a fixed term could offer better returns.
  • Suitable accounts can enter the Halifax Savers Prize Draw.
  • Open online in minutes.
More on fixed term savings

Kids' savings accounts

Teach children about money as they save for the future.

  • Helps family members to save for a child.
  • Children learn with your oversight.
  • First account for young adults.
More on kids' saving accounts

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.

  • 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

    4.40%
    AER/tax free for the one year term. 

    4.50%
    AER/tax free for the one year term if you already have a Halifax Personal Current Account that has been open for a minimum of 40 days.

    4.05%
    AER/tax free for the two year term.

    4.10%
    AER/tax free for the two year term if you already have a Halifax Personal Current Account that has been open for a minimum of 40 days.

    3.80%
    AER/tax free 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

    4.00%
    AER/3.93% 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

    3.90%
    AER/ 3.83% 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

    Junior Cash ISA

    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

    Account

    Instant ISA Saver

    If you have an ISA Saver Variable, ISA Saver Fixed, ISA Reward Bonus Saver or ISA Bonus Saver with us, it will change into this account at the end of its term.

    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.

    The interest rate is variable. The rate applies to the full balance. Your interest frequency will stay the same as it was on your previous account.

    Minimum first deposit

    £1

    Open for

    No end date.

    Withdrawals

    Unlimited.

    More info

    You cannot apply directly for this account.

    Instant ISA Saver

     

  • If you don’t need instant access to your savings, our fixed term accounts offer fixed interest rates for a longer period.

    Fixed Term Savings

    Account

    Interest

    Minimum first deposit

    Open for

    Withdrawals

    More info

    Account

    Interest

    4.40%
    AER/tax free for the one year term.

    4.50%
    AER/tax free for the one year term if you already have a Halifax Personal Current Account that has been open for a minimum of 40 days.

    4.05%
    AER/tax free for the two year term.

    4.10%
    AER/tax free for the two year term if you already have a Halifax Personal Current Account that has been open for a minimum of 40 days.

    3.80%
    AER/tax free 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

    4.40%
    AER/gross interest for the one year term.

    4.05%
    AER/gross interest for the two year term. 

    An extra 0.10% AER/gross for the one year term or 0.05% AER/gross 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.

    3.80%
    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

    4.10%
    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

    Account

    Instant Saver

    If you have an Everyday Saver, Fixed Saver, Bonus Saver, Reward Bonus Saver or Family Boost Fixed Savings Account with us, it will change into this account at the end of its term.

    Interest

    1.45%
    AER/gross on balances from £1 - £9,999. 

    1.50% 
    AER/gross on balances from £10,000 - £49,999. 

    1.80% 
    AER/gross on balances of £50,000 or more.

    The interest rate is variable. The rate applies to the full balance. Your interest frequency will stay the same as it was on your previous account.

    Minimum first deposit

    £1

    Open for

    No end date.

    Withdrawals

    Unlimited.

    More info

    You cannot apply directly for this account.

    Instant Saver

     

    Account

    Instant ISA Saver

    If you have an ISA Saver Variable, ISA Saver Fixed, ISA Reward Bonus Saver or ISA Bonus Saver with us, it will change into this account at the end of its term.

    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.

    The interest rate is variable. The rate applies to the full balance. Your interest frequency will stay the same as it was on your previous account.

    Minimum first deposit

    £1

    Open for

    No end date.

    Withdrawals

    Unlimited.

    More info

    You cannot apply directly for this account.

    Instant ISA Saver

     

  • 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

    Money Smart

    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 Everyday Saver. The spending account will change to an adult Current Account.

    Withdrawals

    Unlimited.

    More info

    Account

    Kids' Monthly Saver

    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

    Kids' Saver

    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

    Junior Cash ISA

    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

    Account

    Instant Saver

    If you have an Everyday Saver, Fixed Saver, Bonus Saver, Reward Bonus Saver, Family Boost Fixed Savings Account or Money Smart savings account with us, it will change into this account at the end of its term.

    Interest

    1.45%
    AER/gross on balances from £1 - £9,999. 

    1.50% 
    AER/gross on balances from £10,000 - £49,999. 

    1.80% 
    AER/gross on balances of £50,000 or more.

    The interest rate is variable. The rate applies to the full balance. Your interest frequency will stay the same as it was on your previous account.

    Minimum first deposit

    £1

    Open for

    No end date.

    Withdrawals

    Unlimited.

    More info

    You cannot apply directly for this account.

    Instant Saver

     

  • 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:

    Stocks and Shares ISA

    Ideal if you want to pick your own stocks and shares, funds and more. Invest up to £20,000 each tax year, without paying UK tax on your profits.

    Stocks and Shares ISA

    Investment ISA

    Select a Ready-Made Investment fund to suit your risk appetite, whether that’s low, medium or high. Invest up to £20,000 each tax year, without paying UK tax on your profits.

    Ready-Made Investments

    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.

Easy Access Savings

Account

Interest

Minimum first deposit

Open for

Withdrawals

More info

Account

Interest

4.00%
AER/3.93% gross variable if you make three or fewer withdrawals.

1.35%
AER/1.34% gross 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 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

3.90%
AER/ 3.83% gross variable if you make three or fewer withdrawals.

1.35%
AER/1.34% gross 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 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

4.00%
AER/3.93% tax 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

3.90%
AER/ 3.83% 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

Everyday Saver

Open as many as five Everyday Saver accounts, giving you different saving pots.

If you have a Money Smart savings account with us, it will change into this account at the end of its term.

Interest

1.45%
AER/gross on balances from £1 - £9,999. 

1.50% 
AER/gross on balances from £10,000 - £49,999. 

1.80% 
AER/gross on balances of £50,000 or more.

Interest is variable and paid after a year. The rate applies to the full balance.

Minimum first deposit

£1

Open for

One year. Your account will then change to an Instant Saver.

Withdrawals

Unlimited

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. The 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

Instant Saver

If you have an Everyday Saver, Fixed Saver, Bonus Saver, Reward Bonus Saver or Family Boost Fixed Savings Account with us, it will change into this account at the end of its term.

Interest

1.45%
AER/gross on balances from £1 - £9,999. 

1.50% 
AER/gross on balances from £10,000 - £49,999. 

1.80% 
AER/gross on balances of £50,000 or more.

The interest rate is variable. The rate applies to the full balance. Your interest frequency will stay the same as it was on your last account.

Minimum first deposit

£1

Open for

No end date.

Withdrawals

Unlimited.

More info

You can't apply directly for this account.

Instant Saver

 

Account

Instant ISA Saver

If you have an ISA Saver Variable, ISA Saver Fixed, ISA Reward Bonus Saver or ISA Bonus Saver with us, it will change into this account at the end of its term.

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.

The interest rate is variable. The rate applies to the full balance. Your interest frequency will stay the same as it was on your last account.

Minimum first deposit

£1

Open for

No end date.

Withdrawals

Unlimited.

More info

You can't apply directly for this account.

Instant ISA Saver

 

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.

More on AER

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:

Gross

This is the percentage of interest you’ll earn on savings, pre-tax. Halifax won’t take off any tax due, so you’ll need to declare and pay anything you owe to HM Revenue and Customs.

Supporting your savings journey

Halifax Savers Prize Draw

Every month, our Savers Prize Draw makes three lucky savers £100,000 better off. Visit the prize draw page for the full draw rules.

Find out how to register

Savings calculators

Work out a monthly savings amount, how long it will take to reach a goal, and understand the future value of your savings using one of our handy calculators.

Calculate your savings

Money Smart for kids

A bank account and savings account for 11-15-year-olds with parental oversight.

Save with Money Smart

The new Base Rate

On 3 August 2023, the Bank of England announced an increase in the Bank of England Base Rate from 5.00% to 5.25%.

More about Base Rates

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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