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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 though, it is a bank, and is part of the HBOS banking group having merged with the Bank of Scotland in 2001.
It has a wide range of savings accounts. From easy access to fixed term, from children’s savers to ISAs. We walk you through the details and explain which of Halifax’s options might work best for you.
Halifax offers an everyday saver account. This is a straightforward and easy to use option.
Fixed term accounts tend to come with better interest rates than easy access. They are more suited to savers looking to put away a lump sum to fatten it up a bit. However, there is an obvious downside.
Get tax-free savings with ISAs. Halifax has three ISA options for adult savers: a Help to Buy ISA, a Fixed Term ISA and a Variable Rate ISA.
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 have done that, it’s useful to look at:
Yes, you can open and manage a Halifax savings account online, in a branch or over the phone. You can open kids savers online too.
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