Good3.9

62% of customers recommended from 1,031 ratings

Halifax offer a range of savings products, including ISAs, fixed rate bonds, kids accounts, online and instant access accounts. They also have a wide branch network in the UK. Halifax are part of the Bank of Scotland group, so share an FCA banking licence with AA, Aviva, Bank of Scotland, Birmingham Midshires, Intelligent Finance and Saga. This means your savings held between all of those banks will be protected up to £85,000 by the Financial Services Compensation scheme.

Compare Halifax Savings

Investment ISAs are tax-efficient wrappers for long term investments. You may get back less than you pay in as your capital isn't guaranteed and charges may apply. Your personal circumstances will determine how much tax you pay on your investments and returns; tax laws may change.

Halifax 5 Year ISA Saver Fixed
Account Type
Cash ISA
Open With
£500
Interest Rate
2.00% AER fixed for 5 years
Protection Scheme
FSCS
No withdrawals allowed except on early closure subject to the loss of 365 days tax-free interest.
Halifax Fixed Online Saver - 5 Year Term
Account Type
Fixed Bond
Open With
£500
Interest Rate
1.8% AER fixed for 5 years
Protection Scheme
FSCS
No withdrawals allowed except on early closure subject to the loss of 365 days gross interest.
Halifax 3 Year ISA Saver Fixed
Account Type
Cash ISA
Open With
£500
Interest Rate
1.75% AER fixed for 3 years
Protection Scheme
FSCS
No withdrawals allowed except on early closure subject to the loss of 270 days tax-free interest.
Halifax 2 Year ISA Saver Fixed
Account Type
Cash ISA
Open With
£500
Interest Rate
1.65% AER fixed for 2 years
Protection Scheme
FSCS
No withdrawals allowed except on early closure subject to the loss of 180 days tax-free interest.
Halifax 18 Month ISA Saver Fixed
Account Type
Cash ISA
Open With
£500
Interest Rate
1.6% AER fixed for 18 months
Protection Scheme
FSCS
No withdrawals allowed except on early closure subject to the loss of 135 days tax-free interest.
Halifax Fixed Online Saver - 3 Year Term
Account Type
Fixed Bond
Open With
£500
Interest Rate
1.6% AER fixed for 3 years
Protection Scheme
FSCS
No withdrawals allowed except on early closure in branch subject to the loss of 270 days gross interest.
Halifax 1 Year ISA Saver Fixed
Account Type
Cash ISA
Open With
£500
Interest Rate
1.4% AER fixed for 1 year
Protection Scheme
FSCS
No withdrawals allowed except on early closure subject to the loss of 90 days tax-free interest.
Halifax Fixed Online Saver - 2 Year Term
Account Type
Fixed Bond
Open With
£500
Interest Rate
1.4% AER fixed for 2 years
Protection Scheme
FSCS
No withdrawals allowed except on early closure in branch subject to the loss of 180 days gross interest.
Halifax Online Tracker Bond
Account Type
Tracker Bond
Open With
£500
Interest Rate
1.25% AER for 18 months
Protection Scheme
FSCS
Variable monthly interest rate that tracks a fixed amount above the Bank of England Bank Rate (0.50%) for 18 months. Higher rates for £50,000+. No withdrawals allowed except on early closure in branch subject to the loss of 135 days gross interest.
Halifax Fixed Online Saver - 1 Year Term
Account Type
Fixed Bond
Open With
£500
Interest Rate
1.2% AER fixed for 1 year
Protection Scheme
FSCS
No withdrawals allowed except on early closure in branch subject to the loss of 90 days gross interest.
Halifax ISA Saver Online
Account Type
Cash ISA
Open With
£1
Interest Rate
1.05% AER variable inc. 0.80% 12 month bonus
Protection Scheme
FSCS
Halifax ISA Saver Variable
Account Type
Cash ISA
Open With
£1
Interest Rate
1.00% AER variable inc. 0.50% 12 month bonus
Protection Scheme
FSCS
1.00% tax free/AER variable including 12 month fixed bonus of 0.50%.
Halifax Online Saver
Account Type
Easy Access
Open With
£1
Interest Rate
0.90% AER variable inc. 0.70% 12 month bonus
Protection Scheme
FSCS
Different rates apply depending on balance. When the 12 month introductory period ends, the Online Saver variable rate will apply, currently 0.20% gross/AER.
Halifax Kid's Regular Saver
Account Type
Regular Saver
Open With
£10
Interest Rate
6% AER fixed for 1 year
Protection Scheme
FSCS
Available in branch only. Regular monthly payments must be made into this account by standing order from a parent or guardian's bank account.
Halifax Junior Cash ISA (Relationship Rate)
Account Type
Junior Cash ISA
Open With
£1
Interest Rate
4% AER variable
Protection Scheme
FSCS
Halifax Young Saver
Account Type
Instant Access
Open With
£1
Interest Rate
3% AER variable
Protection Scheme
FSCS
Available in branch only.
Halifax Junior Cash ISA
Account Type
Junior Cash ISA
Open With
£1
Interest Rate
3% AER variable
Protection Scheme
FSCS
Halifax Regular Saver
Account Type
Regular Saver
Open With
£25
Interest Rate
2% AER fixed for 1 year
Protection Scheme
FSCS
Halifax Fixed Saver - 5 Year Term
Account Type
Fixed Bond
Open With
£500
Interest Rate
1.8% AER fixed for 5 years
Protection Scheme
FSCS
Halifax Fixed Saver - 3 Year Term
Account Type
Fixed Bond
Open With
£500
Interest Rate
1.6% AER fixed for 3 years
Protection Scheme
FSCS
Halifax Fixed Saver - 2 Year Term
Account Type
Fixed Bond
Open With
£500
Interest Rate
1.4% AER fixed for 2 years
Protection Scheme
FSCS
Halifax Tracker Bond - 18 Months
Account Type
Tracker Bond
Open With
£500
Interest Rate
1.25% AER for 18 months
Protection Scheme
FSCS
Halifax Fixed Saver - 1 Year Term
Account Type
Fixed Bond
Open With
£500
Interest Rate
1.2% AER fixed for 1 year
Protection Scheme
FSCS
Halifax Everyday Saver
Account Type
Instant Access
Open With
£1
Interest Rate
0.75% AER variable inc. 0.50% 12 month bonus
Protection Scheme
FSCS
Available in branch only.
Halifax Everyday Saver (Online)
Account Type
Instant Access
Open With
£1
Interest Rate
0.75% AER variable inc. 0.50% 12 month bonus
Protection Scheme
FSCS
Halifax Self Select Stocks & Shares ISA
Account Type
Investment ISA
Open With
£1,000 or £20/month
Interest Rate
-
Protection Scheme
FSCS
Halifax Junior Stocks & Shares ISA
Account Type
Junior Investment ISA
Open With
£20
Interest Rate
-
Protection Scheme
FSCS

We provide an independent comparison service free of charge but we may receive a commission from some of the companies we refer you to. These are indicated with purple buttons.

Halifax Savings Reviews

Order:

Got a Halifax savings account? Tell us about your experience because it will help others. Add a review.

Halifax is the Best Bank to Bank

Excellent

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by jbrans

I was having problems with the bank I was using And my friend told me all about Halifax how good they were, so I changed over to them, and I've never looked back, I've had nothing but the best service from them! Halifax have great customer service and some great rates. I've been with them for over 20 year! And I definitely will be with them for the foreseeable future.

Great Customer Service

by , 3 months ago report review

Halifax- Mixed feelings

Satisfactory

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by stecha

I have mixed feelings about Halifax. In some areas they are brilliant, good offers for customers and well tailored to my needs. However, on numerous occasions I have struggled to obtain information from them and they do not seem to know what department to forward me onto. Their limited knowledge of their brand meant that I spent a huge amount of time of the telephone, which was incredibly costly and not what I would expect from a bank. I have also had trouble when attending a branch, the staff can be unwilling to serve, for example when trying to pay money into an account. I have been told on one occasion that I should just use the telephone- when my telephone banking was not set up!

Tailored deals

Customer service

by , 4 months ago report review

ISA savings with Halifax

Good

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by stalky

I chose this building society because I already bank with them and have had good service for a few years. The interest rates are very competitive , the staff are always friendly and helpful. There is no waiting or penalty if you need to withdraw money or to change to a different savings account, and you can bank on line. Customer service is excellent.

by , 3 months ago report review

Great Product would recommend

Excellent

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by bigbird85

Easy to use online, simple to set up. Did not have to go in store just did it online. Easy to transfer and withdraw money. I would recommend this product to other people who have limited free time on their hands and don't have chance to pop into a branch. The interest is reasonable but perhaps not as much as if you were to go in to branch and consider other products. But it is easy and simple and it works for me.

Simple to set up

Not much interest

by , 3 months ago report review

Helpful staff at Halifax

Good

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by mgrant54

I recently went into my local branch to ask about opening a savings account so I can enter the monthly prize draw. The staff member helpfully pointed out that since I already have an account, I can open another one online thus avoiding the need for an appointment lasting at least an hour as apparently the regulations now require banks to conduct a financial review whenever someone opens an account. The days of just walking into a bank and setting up an account, even with proof of identity etc are long gone. Thank goodness the staff member was clued up enough to ask me the right questions. I;m about to set the account up so I hope she was right! The thing I don't like about my local branch is that they have reduced the number of cashiers from 6 to 4 whilst in the meantime spending thousands on a new layout.

Helpful staff member who knew the options

reduced number of cashiers leading to longer queues

by , 3 months ago report review

Halifax avings account

Satisfactory

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

The Halifax is generally great the service is fine - everyone is always very polite and helpful. The problem with the savings account is that it has very low interest. There is very little Halifax can do about this at the moment as all savings accounts are very low. The reason I wouldn't recommend it is because it would probably be better to put your money in a current account which has high interest rather than a general saving account - I don't think any other bank gives a better rate than I currently have at the Halifax.

by , 3 months ago report review

Good bank and average savings account

Good

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by aboooo

Having used the 'big banks' and had a bitter taste left in my mouth of several occasions I'm more than happy with Halifax as they are fair and open and not actively trying to get you to make mistakes they can charge you for. The savings account is average but the service and attitude good, human and consistent. The online service is good too.

service, fairness

not great rates

by , 4 months ago report review

Halifax is the bank to use

Excellent

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by pinkteegan

I have been with Halifax now for 20 years and never had any problems, my partner banks with another bank and has sooo many problems, he gets charges etc and their customer service was terrible, Halifax puts their customers first and always happy to help, there is online banking is easy to use, they don't charge unnecessary charges, they are always on hand on a 24 hour help line, they have great offers with the ultimate reward account and offer cash to switch your account, they do all the hard work sorting Direct debits, would definitely recommend Halifax

Account offers, cash for switching, helpful staff

quite difficult to meet meet criteria for credit card

by , 4 months ago report review

Convenient savings and accessing funds

Good

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by sandrab

With a wide range of savings accounts halifax appears to have an account suitable for all circumstances, for regular savers to occasional savers. most accounts offer cash cards to access funds unless the savings are placed on a bond when a certificate is issued, showing the funds and due date. i my experience most savings rates are similar and my halifax isa account provides around the usual rate with a local branch network full of helpful staff on hand, and a handy telephone and on line service for any time to suit.

Easy to save

by , 3 months ago report review

Halifax: Decent provider

Good

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by candyfliss

I like that I get £5 a month, even if my money doesn't stay in the account for long. I can therefore get the £5 a month and then move the money across to my ISA (online) to gain the higher rates of tax free interest. The staff in the branch near my work are always very helpful, and the queues are generally not very long, even at busy times. I did have problems changing my name after marriage, as the customer service rep did not know what he was doing. After several calls to head office, he finally managed to figure it out.

Online system

Some branch staff

by , 4 months ago report review

Other Savings Account Companies