FIXED SAVER – 1 AND 2 YEAR TERMS.

Summary box for Fixed Saver

1. What is the interest rate?

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

• Your can choose to have your interest paid monthly or annually on the anniversary of the account opening.

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:

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 online, in branch or by phone.

Opening this account

• You must be 16 or over and resident in the UK
• Online applications must be made in your sole name but the account can be made joint in branch or over the phone once opened
• The minimum opening deposit is £500
• The terms starts on the day you open the account
• You have to make your initial deposit within 10 days of opening the account
• You can make as many deposits as you like within these 10 days
• After the 10 days are up, you won’t be able to make any more deposits

5. Can I withdraw money?

• Withdrawals aren’t permitted, but early closure is. Bear in mind that if you close the account early, you might get back less than you originally deposited as you’ll lose:
  • 90 days’ gross interest for the 1 year term account
  • 180 days' gross interest for the 2 year term account

At the end of the fixed term, the account automatically changes to an Instant Saver. See Instant Saver interest rates (PDF).

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

6. Additional information

Gross rate means we won’t deduct tax automatically from the interest we pay on money in your account. It’s your responsibility to pay any tax you may owe to HM Revenue & Customs (HMRC).

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.

Apply for a Fixed Saver now

Apply for a 1 year term

Apply for a 2 year term

Otherwise, you can apply by phone on 0345 726 3646, 8am-8pm Mon to Fri, 8am-8pm Sat and 9am-5pm Sun or book an appointment at your local branch at a time to suit you.