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Regular Saver

Watch your savings grow and earn fixed interest for one year.

Who this account is for

  • Ideal for savers who want peace of mind of a fixed interest rate for one year and save monthly.
  • You're 16 or over and a UK resident.
  • You're looking to open a savings account in your sole name.

The benefits

  • Earn 1.00% gross/AER fixed for 12 months from account opening.
  • You can change the amount you save at any time. You can top up your savings by bank transfer as long as you don’t exceed the £250 monthly limit.
  • Qualifying account for the Halifax Savers Prize Draw.

How it works

  • Save £25-£250 every month by one standing order. This needs to reach your account by the 25th of the month.
  • You can only access your savings if you close the account.
  • We will open an Everyday Saver account as part of this application. After 12 months any money you’ve saved plus interest will transfer into your Everyday Saver account.

Your new Regular Saver is minutes away

You should read the summary box below and the account conditions (PDF) before you apply.

Open now

Summary box for the Regular Saver 

  • 1.00% gross/AER on balances of £1 or more for 12 months from account opening.

    Your interest is paid 12 months after 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 make regular deposits of £250.00 every month, the balance after 12 months will be £3015.00.

    This assumes:

    • You don’t withdraw any money and interest isn’t paid out of the account.
    • You make regular monthly deposits in the middle of the month.
    • Interest is calculated each day. As your balance is lower at the start of the term and grows after each monthly deposit, your daily interest calculation also slowly increases. At the end of the term your interest is added into your savings account.
  • This account can be opened and managed:

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

    Bear in mind:

    • You must be 16 or over and resident in the UK to open this account.
    • You can only open this account in your sole name.
    • You can save £25 - £250 every month by one standing order. This needs to reach your account before the 25th of the month. You can also make a bank transfer to top up your savings as long as the total amount of your deposits does not exceed the monthly limit of £250. The amount that you save each month can vary but needs to stay between the £25 to £250 monthly limit. 
    • We will open an Everyday Saver account as part of this application. You will need to keep this account open, so we can transfer your savings into it when your Regular Saver comes to the end of its term. Then your Regular Saver will renew for another 12 months. If you close the Everyday Saver your savings will stay in your Regular Saver and we’ll change that to an Everyday Saver. 
    • You can only have one Regular Saver.
  • No. You can't access your savings unless you’re closing the account. You can close it before the end of 12 months.

    After 12 months any money you’ve saved plus interest, transfers into your nominated account if you have one. If you don’t, we’ll open one for you as part of this application.

  • 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.

Summary box for the Everyday Saver 

  • 0.01% gross/AER variable rate on balances of £1 or more.

    Your interest is paid 12 months after you open the account.

  • 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) 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 £1000.10.

    This assumes:

    • You don’t take out 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 pay more money into the account.
  • This account can be opened and managed:

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

    Bear in mind:

    • You can open this account if you're 16 or over and a UK resident.
    • 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.
  • Yes. You can make as many withdrawals as you like from this account and there are no charges for doing so.

    After 12 months the account will change to an Instant Saver. We'll contact you first to explain your options and next steps.

  • 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.

Apply for a Regular Saver

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

Open now

Other ways to apply:

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

  • In branch:

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

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.

Register for your chance to win

Your money is protected

The Financial Services Compensation Scheme (FSCS) protects your money.

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