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Joint savings accounts

Reach your shared goals faster by pooling your savings with another person. Both of you will have equal access to build and manage your joint savings pot.

Setting up a joint account

Open either an Everyday Saver or a Fixed Saver account in your sole name, then make the account joint once you've opened it. Just contact us in a branch or over the phone.
 

Everyday Saver

An easy access account with unlimited withdrawals that you can open with as little as £1. 

  • The interest rate is variable, and we pay it after a year.
  • The rate applies to the full balance.
  • After 1 year, we’ll change your account to an Instant Saver.
Everyday Saver account

Fixed Saver

A fixed savings account that pays interest monthly or every year.

  • Open this account with a minimum payment of £500.
  • Choose from 1, 2 or 5 year terms.
  • After the term is finished, we’ll change your account to Instant Saver.
Fixed Saver account

Already have a joint savings account with Halifax?

Visit the support hub for flexible ways to manage your joint savings account.

Go to help

Let’s take a closer look

  • You can open a joint savings account with another person, regardless of your marital status. You could open a joint account with a partner, family member or even a friend.

    Because both account holders have full access to the account, the most important thing is that you trust the person you’re opening a joint savings account with.

  • A joint savings account could suit many situations and people, including:

    • couples with a shared goal, such as buying a house or getting married
    • children who are supporting elderly parents with financial matters
    • parents who want to support a child and monitor their activities.

    Just be aware that both account holders will be authorised to pay in and withdraw money from the account. It’s important that you trust the person you open a joint savings account with.

  • AER

    As well as making it easier to compare accounts, the Annual Equivalent Rate (AER) helps you to understand how much interest you could earn from your savings in a year.

    AER includes the effect of compound interest – essentially the interest you earn on top of any interest that’s already part of your savings balance.

    More on AER

    Gross

    This is the percentage of interest you’ll earn on savings, pre-tax. Halifax won’t take away any tax due, so you’ll need to declare and pay anything you owe to HM Revenue and Customs.

    Tax free

    You don’t usually need to pay tax on interest earned on:

    • ISAs
    • kids accounts.

    Adults can earn a certain amount of tax-free interest on their savings each year, depending on your:

Protecting your money

FSCS logo


The Financial Services Compensation Scheme (FSCS) protects up to £85,000 of the eligible money you hold with us.

More about the FSCS



Protecting your money

FSCS logo

The Financial Services Compensation Scheme (FSCS) protects up to £85,000 of the eligible money you hold with us.

More about the FSCS

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Savings accounts and cash ISAs

Whatever you’re saving for, get there with Halifax.

See our savings accounts