Joint savings accounts

We cannot open joint savings account at this current time. 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.

The Halifax brand is changing to Lloyds

Learn about the brand change and how it affects Halifax savings accounts.

 

Bank on Lloyds for your next savings account

Halifax and Lloyds are part of the same family of brands. You’ll find a wide range of savings accounts with the same great service from the people you know and trust.  

Lloyds savings accounts


If you use the Halifax app you can continue to apply for a Halifax savings account.

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 £120,000 of the eligible money you hold with us.

More about the FSCS

FSCS logo


Protecting your money

The Financial Services Compensation Scheme (FSCS) protects up to £120,000 of the eligible money you hold with us.

More about the FSCS

You might also like

Halifax Savers Prize Draw

Every month, we make three lucky savers £100,000 better off.

How to register

Savings calculator

Work out how much to save each month to reach your goal and how long it will take.

Work out your savings

Save or invest

Weigh up your saving and investment options to find a combination that works for you.

Save or Invest

Savings accounts and cash ISAs

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

See our savings accounts

Busy mother juggling childcare and looking at savings options.

Savings accounts and cash ISAs

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

See our savings accounts