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Cash ISAs
Find the cash ISA that’s right for you and start saving today – tax free.
Why open a cash ISA?
- Earn tax-free interest.
- Open online in minutes.
- Our adult cash ISAs qualify for the Savers Prize Draw. Prize Draw rules apply.
Compare cash ISAs
Each tax year you can benefit from a personal ISA allowance, helping you to earn tax-free interest.
|
Account |
Interest |
Minimum first deposit |
Open for |
Withdrawals |
More info |
|---|---|---|---|---|---|
Account |
Interest4.45% AER/tax free for a one-year term. 4.20% AER/tax free for a two-year term. An extra 0.15% AER/tax free for the one year term or 0.05% AER/tax free for the two year term will be added if you already hold a Halifax Personal Current Account that has been open for a minimum of 40 days. 4.00% AER tax free for a five-year term. Choose to receive interest monthly, or after each year. |
Minimum first deposit£500 |
Open forOne, two or five years. Your account will then change to an Instant ISA Saver. |
WithdrawalsBy account closure or transfer only. Charges apply. |
More info |
AccountOnly for Reward Current Account or Ultimate Reward Current Account holders. |
Interest4.20% 1.35% Interest is paid monthly. |
Minimum first deposit£1 |
Open forOne year. Your account will then change to an Instant ISA Saver. |
WithdrawalsUnlimited. If you make four or more withdrawals, you’ll get the lower interest rate from the month you make the fourth withdrawal, until the end of the account year. |
More info |
Account |
Interest4.10% 1.35% Interest is paid monthly. |
Minimum first deposit£1 |
Open forOne year. Your account will then change to an Instant ISA Saver. |
WithdrawalsUnlimited. If you make four or more withdrawals, you’ll get the lower interest rate from the month you make the fourth withdrawal, until the end of the account year. |
More info |
Account |
Interest1.45% 1.50% 1.80% Interest is variable and paid after a year. Rate applies to the full balance. |
Minimum first deposit£1 |
Open forOne year. Your account will then change to an Instant ISA Saver. |
WithdrawalsUnlimited. |
More info |
AccountAn ISA for anyone aged under 18. |
Interest3.65% AER/tax free variable. Interest is paid after each year |
Minimum first deposit£1 |
Open forUntil the child's 18th birthday. The account will then change to an adult ISA Saver Variable. |
WithdrawalsNone until the child's 18th birthday. |
More info |
AccountIf you have an ISA Saver Variable, ISA Saver Fixed, ISA Reward Bonus Saver or ISA Bonus Saver with us, it will change into this account at the end of its term. |
Interest1.45% 1.50% 1.80% The interest rate is variable. The rate applies to the full balance. Your interest frequency will stay the same as it was on your previous account. |
Minimum first deposit£1 |
Open forNo end date. |
WithdrawalsUnlimited. |
More info |
Tax treatment depends on individual circumstances and may change in the future.
Interest on savings
Interest rates can change. You can check current interest rates online at any time.
Explaining some common terms
AER
As well as making it easier to compare accounts, the Annual Equivalent Rate (AER) helps you to understand how much interest you could earn from your savings in a year.
AER includes the effect of compound interest – essentially the interest you earn on top of any interest that’s already part of your savings balance.
Tax free
You don’t usually need to pay tax on interest earned on:
- ISAs
- Kids accounts.
Adults can earn a certain amount of tax-free interest on their savings each year, depending on your:
- Starting rate for savings or personal savings allowance.
- Personal earnings allowance.
- Annual ISA allowance.
Gross
This is the percentage of interest you’ll earn on savings, pre-tax. Halifax won’t deduct any tax due, so you’ll need to declare and pay anything you owe to HM Revenue and Customs.
Frequently asked questions
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It really depends on the terms of your ISA. It’s important to check the terms carefully before you take money out of a cash ISA.
Some accounts, like the Halifax ISA Saver Variable, let you withdraw at any time. However, most fixed ISA accounts could issue a charge or void your agreement entirely if you take out money.
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You can only open one cash ISA at any time. But there are other types of ISA available, including Lifetime or Stocks and Shares ISAs. You can hold one of each if you like.
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Some easy access accounts have variable interest rates based on market conditions.
A fixed rate account might offer a higher rate of interest that’s fixed for a set period. Your returns could be better, but these accounts tend to be less flexible. For example, charges may apply if you withdraw money earlier than planned.
Supporting your savings journey
Financial Services Compensation Scheme
Eligible deposits held with us are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme.
