Halifax savings rates review, from savings accounts to ISAs

Customer reviews, account features and more.

4.1 (248 reviews) Write a review
Chris Lilly's headshot

By

Chris Lilly

Updated

Fact checked
Halifax
alt

Leave a review

★ ★ ★ ★ ★

Your review

Thanks for your review.
Close

Read Terms and Conditions here

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 3.6% is available on one of its cash ISA accounts.

Cash ISAs

Table: sorted by interest rate
Halifax's best cash ISA rate of 3.6% is significantly lower than today's market-best rate of 5.3%.
0 of 0 results
Updated daily
Rate Minimum investment Interest paid Withdrawals Deposit protection Open via Incentive Table product description
Hmm, looks like there aren't any matches for that
loading
Showing 0 of 0 results
Compare more ISAs up to 5.3%

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.
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.

As of 2026, the Halifax brand is being phased out and changing to Lloyds. If you’re an existing Halifax customer, you can still open a Halifax savings account, but if you’re a new customer, you won’t be able to.

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
  • Minimum and maximum balance requirements
  • 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 Lloyds app, in a branch or over the phone. You can open kids’ savings accounts online too.

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.

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.
  • Halifax brand is being phased out. You'll need to be happy carrying out your banking with Lloyds going forward. New Halifax customers cannot open a new account.

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.

Also remember that as the Halifax brand is being phased out, only existing customers can open a new savings account.

Frequently asked questions

Our “Best for” picks highlight top options in specific categories based on our independent evaluation (see our full methodology), while “Promoted” tags indicate sponsored placements. Selected products may not suit everyone. We track selected market offers, which may not cover every product. Products are listed in no particular order unless specified, and inclusion or ordering may be influenced by popularity or commercial agreements. Most comparison table data is provided by Defaqto or sourced directly from providers. Always evaluate your own circumstances and consider independent advice before making major financial decisions.
Chris Lilly's headshot
Written by

Head of publishing
Add to Preferred Sources

Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

Chris's expertise
Chris has written 502 Finder guides across topics including:
  • Loans & credit cards
  • Building credit
  • Financial health
  • Share trading
More resources on Finder

More guides on Finder

Go to site