Halifax savings rates review, from savings accounts to ISAs

Formerly the UK's largest building society, and now a hugely popular arm of the Lloyds Banking Group, Halifax offers a good range of savings accounts. Halifax's top savings rate of 8% is available on one of its easy access accounts.

Easy access savings accounts

Halifax's top easy access rate of 8% is the best currently on the market. Compare more instant and easy access accounts up to 8%

Cash ISAs

Halifax's best cash ISA rate of 4.65% is very slightly lower than today's market-best rate of 4.72%. Compare more ISAs up to 4.72%

Fixed-rate bonds

Halifax's best fixed-rate bond rate of 4.4% is slightly lower than today's market-best rate of 5%. Compare more fixed-rate bonds up to 5%

Notice savings accounts

Halifax's best notice savings account rate of 4.3% is very slightly lower than today's market-best rate of 4.38%. Compare more notice savings accounts up to 4.38%

Regular savings accounts

Halifax's top regular savings account rate of 7.5% is the best currently on the market. Compare more regular savings accounts up to 7.5%

Business savings accounts

Halifax's best business savings account rate of 4.55% is very slightly lower than today's market-best rate of 4.76%. Compare more business savings accounts up to 4.76%

What is Halifax's best savings account with the highest interest rate?

The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.

Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Halifax offers, plus the highest interest rate currently available.

Savings account types include	Easy access, cash ISAs, fixed-rate bonds, notice accounts, regular savers, business
Best easy access rate	8%
Best cash ISA rate	4.65%
Best fixed-rate bond rate	4.4%
Best notice account rate	4.3%
Best regular saver rate	7.5%
Best business savings account rate	4.55%
Fixed bond terms	1 year - 5 years
Notice account periods available	14 days - 180 days
Opening options	Branch, website, mobile app, telephone
FSCS protection

Bearing the name of the Yorkshire town it was born in, Halifax began life as a building society in 1853. It was then the UK’s largest building society for much of the twentieth century. These days it’s a bank, and is part of the Lloyds Banking Group, having been bought by the financial services group in in 2009.

Other popular accounts

Didn’t find the account type you were looking for? Check our other guides:

• Halifax current accounts
• Halifax student and graduate accounts
• Halifax kids’ accounts

How do I decide which account is for me?

Firstly, you need to decide what you’re looking for in a savings account. How often are you planning to draw out money? How much money can you afford to save each month?

You need to work out what you need before comparing the different offers available for certain types of savings accounts. Once you’ve done that, it’s useful to look at:

• Interest rates
• Fees (If there are any.)
• Access to cash (If you need quick access, for instance.)

Can I open a Halifax savings account online?

Yes, you can open and manage a Halifax savings account online, through the app, in a branch or over the phone. You can open kids’ savings accounts online too.

What does the Halifax app look like?

What do customers say about Halifax?

80% of customers we surveyed in 2026 would recommend Halifax to a friend.

It benefits from a fiercely loyal customer base who find the bank easy to use and excellent for setting up specific products like children's savings or 12-month fixed accounts.

However, adult savers frequently express dissatisfaction, citing less competitive interest rates for loyal customers, an inability to easily set up regular scheduled payments, and the ongoing negative impact of high street branch closures.

AI-generated summary from the text of customer reviews on Finder.

What are the pros and cons of banking with Halifax?

Customer service information for Halifax

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Our verdict

Whether you want to lock away your money for a fixed amount of time, or need to be able to access it whenever required, Halifax offers a wide range of accounts for your needs. However, the savings rates on offer aren’t always the best and can often be beaten by other mainstream or digital challenger banks.

Against a backdrop of rising living costs, inactivity or missguided loyalty can come at a cost. Halifax (along with several other banks) has been accused of not passing on increases to customers when the Bank of England base rate has gone up.

Yes, there’s a monthly savings prize draw… which may be enough to dissuade some people from putting their savings elsewhere. But the most reliable way to maximise your precious savings returns will be to check today’s best savings rates across the board.

Frequently asked questions

• Is Halifax safe?

  Eligible deposits with Halifax are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.

  However, be warned. The FSCS doesn’t apply to an individual bank but the banking group it’s part of. So you might have savings with two banks, but if they are part of the same group you are still only covered for up to £120,000.

  As Halifax falls under the Bank of Scotland plc licence, it is under the same banking licence as Birmingham Midshires (BM Savings), Bank of Scotland, and Intelligent Finance.

  If you have more than £120,000 to put in savings, it’s best to split it across two or more completely separate banks with separate banking licences.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.