FIXED SAVER – 2 YEAR TERM.

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

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 two years.
  • You must be 16 or over and resident in the UK to open this account.

The benefits

  • Earn 0.55% gross/AER fixed rate for the two year term.
  • You can choose to have your interest paid monthly or 12 months after you open the account (may be at a different rate).
  • Qualifying account for the Halifax Savers Prize Draw.

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.
  • After 24 months the account will change to an Instant Saver. See Instant Saver interest rates (PDF).

Summary box for Fixed Saver

1. What is the interest rate?

0.55% gross/AER on balances of £1 or more for 24 months from account opening.

You can choose to have your interest paid monthly or 12 months after you open the account.


2. Can Halifax change the interest rate?

No. This account has a fixed rate of interest so the rate won’t change during the term.


3. What might the future balance be?

For example, if you deposit £1000.00 the balance after 24 months will be £1011.03.

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 annually.

4. How do I open and manage my account?

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.

5. Can I withdraw money?

You can’t make withdrawals from this account, but you can close the account early. Bear in mind that if you close the account early, you’ll be charged the equivalent of 180 days’ gross interest. This means you may get back less than you put in.

After 24 months the account will change 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 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

Please read the summary box and the account conditions (PDF) before applying.

Apply for a 2 year term

Other ways to apply:

Lines are open from Mon-Fri 7am-10pm, Sat and Sun 8am-6pm.

  • In Branch:

Book an appointment at your local branch at a time to suit you.


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


Halifax Savers Prize Draw 3 top prizes of £100,000

You've a chance of winning one of 3 top prizes of £100,000, if you register and hold £5,000 in a qualifying account during the whole calendar month before each draw.


Your money is protected by the FSCS

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