Fixed Saver - 1 Year.

A fixed interest rate account for savers who are happy to put their money away for the one year term

Please read the summary box below before applying

At a glance

Interest rate

Features and benefits

Bear in mind

Withdrawals

Access

0.55% gross/AER fixed for 1 year from account opening

  • Fixed interest rate gives peace of mind
  • You can choose to have your interest paid monthly or annually on the anniversary of the account opening
  • Qualifying account for the Halifax Savers Prize Draw
  • The minimum opening deposit is £500
  • You have to make your initial deposit within 10 days of opening the account
  • No withdrawals.
  • Withdrawals aren’t permitted, but early closure is. Bear in mind that if you close the account early, you’ll lose 90 days’ gross interest, so you might get back less than you originally deposited.
  • Online
  • Branch
  • Phone

0.55% gross/AER fixed for 1 year from account opening


Features and benefits

  • Fixed interest rate gives peace of mind
  • You can choose to have your interest paid monthly or annually on the anniversary of the account opening
  • Qualifying account for the Halifax Savers Prize Draw

Bear in mind

  • The minimum opening deposit is £500
  • You have to make your initial deposit within 10 days of opening the account

Withdrawals

  • No withdrawals.
  • Withdrawals aren’t permitted, but early closure is. Bear in mind that if you close the account early, you’ll lose 90 days’ gross interest, so you might get back less than you originally deposited.

Access

  • Online
  • Branch
  • Phone

Summary box for Fixed Saver - 1 year

1. What is the interest rate?

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

Your balance
Annual interest
Gross AER
£1+ 0.55% 0.55%
  • 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:

Initial deposit Gross rate Balance after 12 months
£1000.00 0.55% £1005.50

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
  • You can open this account in your sole name or as make it a joint account 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’ll lose 90 days’ gross interest, so you might get back less than you originally deposited.

After 12 months 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 - 1 year

Apply now

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.



Your new Fixed Saver is minutes away


Joint accounts

If you're an existing customer you can apply for a joint account through Online Banking. There’s an option to add another person to the account during the application process or once the account has been opened.

If you don’t have Online Banking, you can make your account joint by going into branch after opening.


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.


Your money is protected by the FSCS

FSCS Logo

Please note:
Rates of interest are subject to change
Interest rates are fixed on account opening
Interest rates effective from 0.00am on 21/03/2017
For a definition of AER, Gross and other terms please view our savings glossary.