Fixed Saver

Want to earn fixed interest for up to five years on your savings? Check out our Fixed Saver.

Who this account is for

Who this account is for

  • Ideal for savers who want peace of mind of a fixed interest rate.
  • You want to lock your money away for up to five years.
  • You must be 16 or over and resident in the UK to open this account.

The benefits

The benefits

  • Earn 4.60% AER/gross fixed rate for the one year term.

    Earn 4.50% AER/gross fixed rate for the two year term.

    An extra 0.10% AER/gross for the one year term or 0.05% AER/gross for the two year term will be added if you already hold a Halifax Personal Current Account that has been open for a minimum of 40 days.
  • Earn 4.00% AER/gross fixed rate for the five year term.
  • You can choose to have your interest paid annually or monthly (may be at a different interest rate).
  • Qualifying account for the Halifax Savers Prize Draw.

How it works

How it works

  • Open with £500 or more.
  • You have 10 days from account opening to make the deposit. You can make as many deposits as you like within these 10 days.
  • When the fixed term comes to an end, the account will change to an Instant Saver.

Your new Fixed Saver is minutes away

Your new Fixed Saver is minutes away

Summary box for 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:

    • You don’t withdraw any money and interest isn’t paid out of the account.
    • You pay your initial deposit on the day you open the account and you don’t make any further deposits.
    • Interest is paid each year.
  • This account can be opened and managed:

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

    Bear in mind:

    • Online applications must be made in your sole name but the account can be made joint in branch or over the phone, once opened.
    • You need to deposit at least £500 to open the account. You have 10 days from account opening to make your deposit. 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.
    • The term starts on the day you open the account.
    • The maximum amount that can be held in the account is £9 million.
  • You can’t make withdrawals from this account, but you can close the account early.

    If you close the account early, for the:

    • one year term account you’ll be charged the equivalent of 90 days’ gross interest
    • two year term account you’ll be charged the equivalent of 180 days’ gross interest
    • five year term account you’ll be charged the equivalent of 365 days' gross Interest.

    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.

Apply for a Fixed Saver now

Apply for a Fixed Saver 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.

Have you thought about investing?

Have you thought about investing?

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

More about investing

Savers Prize Draw

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

Joint accounts

Joint accounts

Online applications must be made in your sole name but the account can be made joint in branch or over the phone, once opened.

More about joint accounts

Your money is protected

Your money is protected

Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS).

FSCS Protected

More about the FSCS