Changes to our accounts.

We’re making things simpler...

We’ve made changes to the account names and conditions to help us offer a simpler range of savings accounts and make it easier for you to manage your savings. The changes and when they happened vary depending on your account.

…and easier to find

We know that you sometimes need all the details about an account you already hold with us. For details about how your account works take a look at the account conditions.

The current interest rate for your savings account is shown on our personal interest rates page.

This information relates to accounts opened before 12th September 2015.


Looking for a new account?

Compare savings accounts to help you choose the best one to meet your needs.

If you are a Halifax Everyday Saver customer your account name will change to Halifax Instant Saver. The changes will happen at different times, depending on whether you are currently on a bonus rate, you’ll receive a letter outlining the exact date your account will change.

If you are still on the bonus rate your account will change in the future based on when the rate ends.
We will write to you to let you know before it happens.

If you no longer receive the bonus rate, you will have received a letter informing you that the name of your account is changing to Halifax Instant Saver. Along with this you also received new terms and conditions which means you can:

  • make international payments from your accounts in your local branch for a reduced fee of £9.50
  • maintain your existing Direct Debits and standing orders but will be unable to set up new ones.

If you choose to keep your account, your sort code and account number won’t change and you’ll continue to enjoy the benefits of a Halifax savings account.

If you are a Halifax Guaranteed Saver customer your account name will have changed to Halifax Instant Saver. You will have received a letter outlining the details of the changes including dates. Along with this you also received new terms and conditions which means you can:

  • make international payments from your accounts in your local branch for a reduced fee of £9.50.
  • maintain your existing Direct Debits and standing orders but will be unable to set up new ones.

If you choose to keep your account, your sort code and account number won’t change and you’ll continue to enjoy the benefits of a Halifax savings account.

We’ve simplified our savings range to make it easier for you to compare our accounts.
In December 2016 these Guaranteed Saver accounts will automatically change to an Instant Saver account. You will have received a letter outlining the details of the changes including the dates. Along with this you also received new conditions.

Key changes to the conditions include:

  • Interest will be paid on all balances over £1
  • You will not be able to set up any new standing orders or direct debits, if you have existing payments set up these will continue to be paid
  • You’ll be able to run your account in branch as well as online or by phone.

If you choose to keep your account, your sort code and account number will stay the same.

Please see the account conditions (PDF) for information on your account.

We've made some changes to the Halifax Instant Saver conditions as well as amending the interest rate.
The change has happened in different steps:

  • January 2015 - You will have received a letter outlining the details of the changes including dates.
  • February 2015 - If you are a Halifax Instant Saver customer that doesn't qualify for the young savers rate your rate will have increased as stated in the letter.
  • March 2015 - If you are a Halifax Instant Saver customer that qualifies for the young savers rate you will see your rate decrease as stated in the letter.
  • Along with the letter you also received new terms and conditions which means:

  • The £300 branch transaction limit has been removed, so there is no minimum cash withdrawal limit using our counters.
  • The fee for making international payments from your accounts in your local branch has gone down to £9.50.
  • You can maintain your existing Direct Debits and standing orders but will be unable to set up new ones.

We’ve made some changes to the Halifax Instant Saver (Bank of Scotland) conditions and reduced our interest rates.
You will have received a letter outlining the details of the changes in June 2016. Along with this you also received new terms and conditions which means:

  • The £300 branch transaction limit has been removed, so there will be no minimum cash withdrawal limit for using our branch counters.
  • You can maintain your existing direct debits and standing orders, but will be unable to set up new ones.

If you are a Halifax ISA Saver Direct customer, your account name will change to Halifax Instant ISA Saver.

In January we wrote to you to let you know about these changes to the account conditions as well as a reduction in the interest rate. As confirmed in the letter you received, the rate was reduced in February 2015 and the account was changed to a Halifax Instant ISA saver in March 2015.

The new terms and conditions mean that after the change you can:

  • make international payments from your accounts in your local branch for a reduced fee of £9.50.
  • maintain your existing Direct Debits and standing orders but will be unable to set up new ones.

We’ve made some changes to the Halifax ISA Saver Direct (Bank of Scotland) conditions and reduced our interest rates.
You will have received a letter outlining the details of the changes in June. Along with this you also received new terms and conditions which means:

  • The account name has changed to Halifax Instant ISA Saver (Bank of Scotland).
  • You can maintain your existing direct debits and standing orders, but will be unable to set up new ones.

If you are a Halifax ISA Saver Online customer, your account name will change to Halifax Instant ISA Saver.

The change will happen at different times, depending on whether you are currently on a bonus rate.

If you are still on the bonus rate your account will change in the future based on when the rate ends. We will write to you to let you know before it happens.

If you no longer receive the bonus rate, you will have received a letter informing you that the name of your account is changing to a Halifax Instant ISA Saver.
Along with this you will have also received new terms and conditions, these mean that after the change you will be able to:

  • pay into your account in Halifax branches, through our Online Banking service or through the Post Office ®.
  • make international payments from your accounts in your local branch for a reduced fee of £9.50.
  • maintain your existing Direct Debits and standing orders but will be unable to set up new ones.

Your sort code and account number won’t change and you’ll continue to enjoy the benefits of a Halifax savings account. All the changes will happen automatically, you don’t need to do anything.

If you are a Halifax ISA Saver Variable customer, your account name will change to Halifax Instant ISA Saver.

The change will happen at different times, depending on whether you are currently on a bonus rate.

If you are still on the bonus rate your account will change in the future based on when the rate ends. We will write to you to let you know before it happens.

If you no longer receive the bonus rate, you will have received a letter informing you that the name of your account is changing to a Halifax Instant ISA Saver.
Along with this you will have also received new terms and conditions, these mean that after the change you will be able to:

  • make international payments from your accounts in your local branch for a reduced fee of £9.50.
  • maintain your existing Direct Debits and standing orders but will be unable to set up new ones.

Your sort code and account number won’t change and you’ll continue to enjoy the benefits of a Halifax savings account. All the changes will happen automatically, you don’t need to do anything.

If you are a Halifax Online Saver customer your account name will change to Halifax Variable Rate Web Saver. The changes will happen at different times, depending on whether you are currently on a bonus rate, you’ll receive a letter outlining the exact date your account will change.

If you are still on the bonus rate, your account will change in the future based on when the rate ends. We will write to you to let you know before it happens.

If you no longer receive the bonus rate, you will have received a letter informing you that the name of your account is changing to Halifax Variable Rate Web Saver. Along with this you also received new terms and conditions which means that you can:

  • make international payments from your accounts in your local branch for a reduced fee of £9.50.
  • maintain your existing Direct Debits and standing orders but will be unable to set up new ones.

If you choose to keep your account your sort code and account number won’t change and you’ll continue to enjoy the benefits of a Halifax savings account.

We’ve changed the Halifax Premium Savings Direct account to a Halifax Instant Saver.

In September 2014 we wrote to you to let you know about changes to the account conditions. As confirmed in the letter you received the account was changed to a Halifax Instant saver in December 2014. The new terms and conditions mean you can:

  • pay into your account in Halifax branches, through our Online Banking service or through the Post Office ®.
  • make international payments from your accounts in your local branch for a reduced fee of £9.50.
  • maintain your existing Direct Debits and standing orders but will be unable to set up new ones.

Your sort code and account number haven't changed and you can continue to enjoy the benefits of a Halifax savings account.

We’ve simplified our savings range to make it easier for you to compare our accounts.
In December 2016 these Premium Savings Direct accounts will automatically change to an Instant Saver account. You will have received a letter outlining the details of the changes including the dates. Along with this you also received new conditions.

Key changes to the conditions include:

  • Interest will be paid on all balances over £1
  • You will not be able to set up any new standing orders or direct debits, if you have existing payments set up these will continue to be paid
  • You’ll be able to run your account in branch as well as online or by phone.

If you choose to keep your account, your sort code and account number will stay the same.

Please see the account conditions (PDF) for information on your account.

If you’re a Halifax Reward Saver customer, your account name will change to Halifax Instant Saver.

In February 2015 we wrote to you to let you know about changes to the account conditions. As confirmed in the letter you received the account was changed to a Halifax Instant saver in May 2015.

The new terms and conditions mean that after the change you:

  • can make international payments from your accounts in your local branch for a reduced fee of £9.50
    No longer need to hold a Halifax current account to be eligible.
  • maintain your existing Direct Debits and standing orders but will be unable to set up new ones.

Your sort code and account number haven't changed and you can continue to enjoy the benefits of a Halifax savings account.

If you are a Halifax Variable Rate Web Saver customer we are making some changes to your account. The changes will vary depending on whether you have a cash card or not.

If you have a cash card, in February 2015 we wrote to you to let you know about changes to the account conditions. As confirmed in the letter you received the account was changed to a Halifax Instant Saver in May 2015.

If you don't have a cash card, you will have received a letter informing you of the changes that will take place on 4 July 2015.

After these changes you will be able to:

  • make international payments from your accounts in your local branch for a reduced fee of £9.50.
  • maintain your existing Direct Debits and standing orders but will be unable to set up new ones.

If you choose to keep your account your sort code and account number won’t change and you’ll continue to enjoy the benefits of a Halifax savings account.

We’ve simplified our savings range to make it easier for you to compare our accounts.
In December 2016 these Variable Rate Web Saver accounts will automatically change to an Instant Saver account. You will have received a letter outlining the details of the changes including the dates. Along with this you also received new conditions. These changes will apply if you have a cash card or not.

Key changes to the conditions include:

  • Interest will be paid on all balances over £1
  • You will not be able to set up any new standing orders or direct debits, if you have existing payments set up these will continue to be paid
  • You’ll be able to run your account in branch as well as online or by phone.

If you choose to keep your account, your sort code and account number will stay the same.

Please see the account conditions (PDF) for information on your account.

If you are a Halifax Web Saver Extra customer we are making some changes to your account so that the conditions align to those of the Halifax Variable Rate Web Saver.

You will have received a letter in May 2015 informing you that the name of your account will be changing to Halifax Variable Rate Web Saver in August 2015.
Along with this you will have also received new terms and conditions, which mean you will be able to:

  • make unlimited withdrawals from your account provided you have the available funds.
  • make international payments from your accounts in your local branch for a reduced fee of £9.50.
  • maintain your existing Direct Debits and standing orders but will be unable to set up new ones.

Your sort code and account number won’t change and you’ll continue to enjoy the benefits of a Halifax savings account. All the changes will happen automatically, you don’t need to do anything.

We’ve simplified our savings range to make it easier for you to compare our accounts.
In December 2016 these Web Saver Extra accounts will automatically change to an Instant Saver account. You will have received a letter outlining the details of the changes including the dates. Along with this you also received new conditions.

Key changes to the conditions include:

  • Interest will be paid on all balances over £1
  • You will not be able to set up any new standing orders or direct debits, if you have existing payments set up these will continue to be paid
  • You’ll be able to run your account in branch as well as online or by phone.

If you choose to keep your account, your sort code and account number will stay the same.

Please see the account conditions (PDF) for information on your account.

Halifax Fixed Rate Accounts

We are making changes to where your account matures to from our Halifax Fixed rate accounts. The changes will happen at different times, depending on when your account matures.

You'll receive new terms and conditions which means that after the change you will be able to:

  • pay into your account in Halifax branches, through our Online Banking service or through the Post Office ®
  • get instant access to your account at Halifax, Bank of Scotland and LINK cash machines with a Halifax Instant Saver card, available on request by calling 0345 726 3646 (Mon-Fri 8am-8pm, Sat 8am-6pm, Sun 9am-5pm)
  • make international payments from your accounts in your local branch for a fee of £9.50.

The changes are happening at different times depending on when you opened or renewed your savings account. You may have already received a letter informing you of a change to the Maturity of your Halifax Fixed Rate account, if not don’t worry, there will be one on the way soon.

The letter states the exact date the changes will take effect.

This handy timeline includes all the changes that have already happened as well as the ones which will happen in the coming months.

When

What

June and July 2015

Letters have been sent out to many of our customers, informing them that the maturity of their Halifax Fixed rate accounts has changed. These changes took effect in September 2015.

November 2015

Further letters were sent out informing the remaining Halifax customers that the maturity of their Halifax Fixed Rate account will be changing. The letter stated the exact date the changes would take effect.

June 2016

Letters were sent out to many Bank of Scotland customers, informing them that the maturity and conditions of their Halifax Fixed rate accounts will be changing. These changes took effect in September 2016.

June and July 2015


What

Letters have been sent out to many of our customers, informing them that the maturity of their Halifax Fixed rate accounts has changed. These changes took effect in September 2015.

November 2015


What

Further letters were sent out informing the remaining Halifax customers that the maturity of their Halifax Fixed Rate account will be changing. The letter stated the exact date the changes would take effect.

June 2016


What

Letters were sent out to many Bank of Scotland customers, informing them that the maturity and conditions of their Halifax Fixed rate accounts will be changing. These changes took effect in September 2016.

For details about how your new maturity account works take a look at the account conditions. The current interest rate for your savings account is shown on our personal interest rates page.

If you choose to keep your account your sort code and account number won’t change and you’ll continue to enjoy the benefits of a Halifax savings account.
The table below provides information of where accounts will mature to after the changes have been made.

Product

Products that matured before 12th September 2015 reverted to:

Products that mature after the 12th September 2015 will revert to:

Halifax Direct Bond

Halifax Matured Funds*

Halifax Instant Saver

Halifax Fixed ISA Saver

Halifax ISA Saver Variable

Halifax Instant ISA Saver

Halifax Fixed Online Saver

Halifax Matured Funds*

Halifax Instant Saver

Halifax Fixed Rate Web Saver

Halifax Web Saver Variable

Halifax Instant Saver

Halifax Fixed Saver (Including Kids Fixed Saver)

Halifax Matured Funds*

Halifax Instant Saver

Halifax Guaranteed Reserve

Halifax Matured Funds*

Halifax Instant Saver

Halifax ISA Saver Fixed

Halifax ISA Saver Variable

Halifax Instant ISA Saver

Halifax Online Tracker Bond

Halifax Matured Funds*

Halifax Instant Saver

Halifax Stepped Income Reserve**

Halifax Matured Funds*

Halifax Instant Saver

Halifax Tracker Bond

Halifax Matured Funds*

Halifax Instant Saver

Halifax Direct Bond


Products that matured before 12th September 2015 reverted to:

Halifax Matured Funds*

Products that mature after the 12th September 2015 will revert to:

Halifax Instant Saver

Halifax Fixed ISA Saver


Products that matured before 12th September 2015 reverted to:

Halifax ISA Saver Variable

Products that mature after the 12th September 2015 will revert to:

Halifax Instant ISA Saver

Halifax Fixed Online Saver


Products that matured before 12th September 2015 reverted to:

Halifax Matured Funds*

Products that mature after the 12th September 2015 will revert to:

Halifax Instant Saver

Halifax Fixed Rate Web Saver


Products that matured before 12th September 2015 reverted to:

Halifax Web Saver Variable

Products that mature after the 12th September 2015 will revert to:

Halifax Instant Saver

Halifax Fixed Saver (Including Kids Fixed Saver)


Products that matured before 12th September 2015 reverted to:

Halifax Matured Funds*

Products that mature after the 12th September 2015 will revert to:

Halifax Instant Saver

Halifax Guaranteed Reserve


Products that matured before 12th September 2015 reverted to:

Halifax Matured Funds*

Products that mature after the 12th September 2015 will revert to:

Halifax Instant Saver

Halifax ISA Saver Fixed


Products that matured before 12th September 2015 reverted to:

Halifax ISA Saver Variable

Products that mature after the 12th September 2015 will revert to:

Halifax Instant ISA Saver

Halifax Online Tracker Bond


Products that matured before 12th September 2015 reverted to:

Halifax Matured Funds*

Products that mature after the 12th September 2015 will revert to:

Halifax Instant Saver

Halifax Stepped Income Reserve**


Products that matured before 12th September 2015 reverted to:

Halifax Matured Funds*

Products that mature after the 12th September 2015 will revert to:

Halifax Instant Saver

Halifax Tracker Bond


Products that matured before 12th September 2015 reverted to:

Halifax Matured Funds*

Products that mature after the 12th September 2015 will revert to:

Halifax Instant Saver

More questions?

If you still have questions about any of the above you can call our Savings team on 03457 121 7636 (Mon-Fri 8am-8pm, Sat 8am-6pm, Sun 9am-5pm).

*Matured Funds is the account which your account automatically transfers to at the end of the fixed term if we haven't received maturity instructions from you.
**This change is effective from 03/09/2016 for Bank of Scotland customers.