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Our instant access account which pays more interest if you make fewer withdrawals.
4.10% AER/4.02% gross variable monthly on balances from £1 if 3 or less withdrawals are made in the 12 months after opening.
1.35% AER/1.34% gross variable monthly on balances from £1 if 4 or more withdrawals are made in the 12 months after opening. This lower interest rate will apply from the month you make the 4th withdrawal until the end of the account year.
Interest is paid monthly, on the same date you open your account.
Yes. As this account pays a variable rate of interest it can change over time. We’ll always let you know of any planned changes to the rate. Our account conditions (PDF, 210KB) explain when and how we do this. For example, we might change it if it costs us more to run this account for you.
For example if you put in £1,000 when you open the account, and make no withdrawals the balance after 12 months will be £1040.94.
If you put in £1,000 when you open the account, and withdraw £10 on the first day of the month, for the first 4 months of the term the balance after 12 months will be £979.58.
This account can be opened and managed:
You must be 16 or over, and resident in the UK.
Online applications must be made in your sole name. You can make it joint by going into branch or calling us after you've opened it.
You can open the account with between £1 and £9 million
You can have up to five Bonus Saver accounts at any time.
Yes. You can make withdrawals from this account and there are no charges for doing so.
If you make 4 or more withdrawals you’ll get a lower interest rate from the month you make the 4th withdrawal until the end of the account year.
Closing your account counts as a withdrawal.
If you change your mind, you can cancel the account free of charge within 30 days of opening.
After 12 months the account will automatically change to an Instant Saver. Before this happens, we'll contact you to explain your options and next steps.
Gross rate means we won’t deduct tax from the interest we pay on money in your account. You need to pay any tax you may owe to HM Revenue & Customs (HMRC).
AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account which shows an interest rate, you will see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.
For more definitions, view our glossary.
If you’ve got a Halifax easy access savings account you can renew it into a Bonus Saver without needing to open a new account.