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Want to earn fixed interest for up to five years on your savings? Check out our Fixed Saver.
1 year term
4.60% AER/gross fixed interest on balances of £1 or more for one year from account opening when interest is paid annually. An extra 0.10% AER/gross will be added for the one or two year term if you already hold a Halifax Personal Current Account that has been open for a minimum of 40 days.
4.60% AER/4.51% gross fixed interest on balances of £1 or more for one year when interest is paid monthly. An extra 0.10% AER/0.09% gross will be added for the one or two year term if you already hold a Halifax Personal Current Account that has been open for a minimum of 40 days.
2 year term
4.50% AER/gross fixed interest on balances of £1 or more for two years from account opening when interest is paid annually. An extra 0.05% AER/gross will be added for the one or two year term if you already hold a Halifax Personal Current Account that has been open for a minimum of 40 days.
4.50% AER/4.41% gross fixed interest on balances of £1 or more for two years when interest is paid monthly. An extra 0.05% AER/0.05% gross will be added for the one or two year term if you already hold a Halifax Personal Current Account that has been open for a minimum of 40 days.
5 year term
4.00% AER/gross fixed interest on balances of £1 or more for five years from account opening when interest is paid annually.
4.00% AER/3.93% gross fixed interest on balances of £1 or more for five years when interest is paid monthly.
You can choose to have your interest paid monthly or after each year on the date you open the account.
No. This account has a fixed rate of interest so the rate won’t change during the term.
For example, if you deposit £1000.00 when you open a one year term account, the balance after 12 months will be £1046.00.
For example, if you deposit £1000.00 when you open a two year term account, the balance after 24 months will be £1092.02.
For example, if you deposit £1000.00 when you open a five year term account, the balance after 60 months will be £1216.65.
This assumes:
This account can be opened and managed:
Bear in mind:
You can’t make withdrawals from this account, but you can close the account early.
If you close the account early, for the:
This means you may get back less than you put in.
When the fixed term comes to an end, the account will 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 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. 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.