Cash ISAs
Halifax savings rates review, from savings accounts to ISAs
Halifax offers a broad range of savings accounts with interest rates up to 5%.
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 5% is available on its regular savings account.
Cash ISAs
Table: sorted by interest rate
Halifax's best cash ISA rate of 4.1% is lower than today's market-best rate of 5.25%.
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How we picked theseFixed-rate bonds
Table: sorted by interest rate
Halifax's best fixed-rate bond rate of 4% is lower than today's market-best rate of 5.25%.
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How we picked theseRegular savings accounts
Table: sorted by interest rate
Halifax's best regular savings account rate of 5% is significantly lower than today's market-best rate of 8%.
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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 | Cash isas, fixed-rate bonds, regular savers |
|---|---|
| Best cash ISA rate | 4.1% |
| Best fixed-rate bond rate | 4% |
| Best regular saver rate | 5% |
| Fixed bond terms | 1 year - 5 years |
| Opening options | Branch, website, mobile app, telephone |
| FSCS protection |
Must read
The Halifax brand is disappearing from our high streets, and while it's sad to say goodbye to a bank that has given millions their first mortgage or student account, in reality, the change is not that drastic.
If you're a Halifax customer, you'll be contacted in the coming days or weeks and invited to move across to the Lloyds app and online banking. Once there, you'll gain access to Lloyds products for renewals, upgrades or downgrades without having to change sort code or account number.
It's really important to note that you won't be asked to move money, transfer funds or share security details by Lloyds. So if you do get a message asking you to do any of those things, it's a scam!
Your account number, sort code, and FSCS protection will all stay exactly the same. Any money you have in a Halifax account will remain completely separate from your new Lloyds accounts.
There's nothing you need to do right now - just keep an eye out for a prompt to download the Lloyds app or register for online banking.
If you're a Halifax customer, you'll be contacted in the coming days or weeks and invited to move across to the Lloyds app and online banking. Once there, you'll gain access to Lloyds products for renewals, upgrades or downgrades without having to change sort code or account number.
It's really important to note that you won't be asked to move money, transfer funds or share security details by Lloyds. So if you do get a message asking you to do any of those things, it's a scam!
Your account number, sort code, and FSCS protection will all stay exactly the same. Any money you have in a Halifax account will remain completely separate from your new Lloyds accounts.
There's nothing you need to do right now - just keep an eye out for a prompt to download the Lloyds app or register for online banking.
Other popular accounts
Didn’t find the account type you were looking for? Check our other guides:
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?
Pros
- Online/app/phone/in-person banking. Access your Halifax savings accounts online, in the app or over the phone. You can also head into a branch.
- Flexibility. As an established bank, Halifax offers a range of savings options, whatever your situation.
- Quick application. Open an account online quickly and easily.
- Range of children's accounts. Halifax offers a number of kids' savings accounts.
- Savers prize draw. If you hold over £5,000 in savings with Halifax, you could be in with a chance of winning a prize payout.
Cons
- Better rates elsewhere. Many of Halifax's easy access and ISA savings rates are on the low side. You may be able to get better rates elsewhere, particularly when it comes to adult savings options.
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
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.
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