Everyday Saver.

Summary box for Everyday Saver

1. What is the interest rate?

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

• Your interest is paid annually on the anniversary of the account opening.

2. Can Halifax change the interest rate?

Yes.
As this account pays a variable rate of interest the rate can change over time. For example we might review the interest rate if the Bank of England bank rate changes. We’ll always let you know of any planned changes to the rate. Our account conditions explain when and how we do this.

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
• The interest rate stays the same
• You make your initial deposit payment on the day you open the account
• You don’t make any further deposits

4. How do I open and manage my account?

This account can be opened and managed in branch, by phone or online.

Opening this account

You are eligible for this account if:

• You are aged 11 or over. If you are aged 11-16, please apply in branch. If you're 16 or over, you can also apply online or by phone.
• You are resident in the UK.

Bear in mind:

• You must open this account in your sole name but can make it joint by going into branch or over the phone once opened.
• You must make a minimum opening deposit of £1. There is no maximum opening deposit.

Managing this account

• You can have up to five Everyday Saver accounts and name each one to create savings pots. This can help you save for different things.
• Manage in branch, online or by phone.

5. Can I withdraw money?

Yes.
You can make withdrawals from this account and there are no charges for doing so.

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 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. 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.

Apply for an Everyday Saver

We recommend you read the summary box and the account conditions (PDF) before applying.

If you're aged 11-16, please apply in branch. If you are 16 or over, you can also apply online or by phone.

Open online now

Other ways to apply:

• By phone on 0345 726 3646
  Lines open Mon to Sat 8am-8pm, and Sun 9am-5pm.
• 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.