Everyday Saver

Want easy access to your savings and still earn interest? This account might be the answer.

Who this account is for

  • Ideal for savers who want easy access to their money.
  • You can open this account if you're 16 or over. If you have a Money Smart savings account with us, it will change into this account at the end of its term.
  • You must be a UK resident.

The benefits

  • Earn up to 1.80% AER/gross variable interest. The rate depends on your balance. See summary box for details.
  • You can have up to five Everyday Saver accounts.
  • Qualifying account for the Halifax Savers Prize Draw and Save the Change®.

How it works

  • Open with just £1. Save and access your money when you want to.
  • You need to open the account in your sole name but you can make it joint once it's open.
  • After 12 months the account will change to an Instant Saver

Summary box for the Everyday Saver

  • 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. Interest is paid 12 months after you open the account. The rate applies to the full balance.

  • 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 review the interest rate if the Bank of England base rate changes.

  • For example, if you deposit £1000.00 when you open the account, the balance after 12 months will be £1014.50.

    If you deposit £10000.00 when you open the account, the balance after 12 months will be £10150.00.

    If you deposit £50000.00 when you open the account, the balance after 12 months will be £50900.00.

    This assumes:

    • You make the deposit on the day you open the account.
    • You don’t pay more money into the account.
    • You don’t withdraw any money or interest.
    • The interest rate stays the same.
  • This account can be opened and managed:

    • online
    • on our app
    • in branch
    • by phone.

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

    Bear in mind:

    • You can open this account if you're 16 or over and a UK resident.
    • You can have up to five Everyday Saver accounts and name each one.
    • You need to open the account in sole name but you can make it joint once it's open.
    • Open with just £1.

    After 12 months the account will change to an Instant Saver.  

  • Yes. You can make as many withdrawals as you like from this account and there are no charges for doing so.

  • Gross rate means we won’t deduct tax from the interest we pay on money in your account. You will 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 savings glossary.

Open an Everyday Saver

You can open this account if you're 16 or over and a UK resident.

Please read the summary box and the account conditions (PDF, 210KB) before you start.

Apply now

Other ways to apply:

  • By phone on 0345 726 3646
    Lines are open 8am – 8pm, seven days a week.
    Not all Telephone Banking services are available 24 hours a day, seven days a week.
  • In branch: Book an appointment at your local branch at a time to suit you.
     

Existing Halifax savings customers

If you’ve got a Halifax easy access savings account you can renew it into an Everyday Saver without needing to open a new account.

Have you thought about investing?

Our investment options could provide a higher return than saving. Choose from our investment accounts.

More about investing

Save the Change®

Save your pennies when you spend with Save the Change®. It makes saving so easy, you’ll forget you’re doing it.

More about Save the Change®

Savers Prize Draw

Every month, there are over 1,600 winners in our Savers Prize Draw. Visit the prize draw page for the full draw rules. 

Find out how to register

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