Halifax savings rates — compare every account, plus switch offers and guides

Who they are

Halifax operates as a trading division of Bank of Scotland, itself a wholly owned subsidiary of Lloyds Banking Group. It takes its name from the West Yorkshire town where it was founded as a building society in 1853. By 1913 it had grown into the UK's largest building society, a position it held until it demutualised in 1997. After merging with Bank of Scotland to form HBOS in 2001, HBOS was acquired by the Lloyds Banking Group in January 2009.

One thing savers should know right now: in 2026 it was announced that Halifax will be rebranded to Lloyds. If you are a Halifax customer, you will be contacted and invited to move across to the Lloyds app and online banking, where you will gain access to Lloyds products without having to change your sort code or account number.

Savings accounts

Halifax offers a wide spread of accounts. The headline rate is the Regular Saver at 8.00% fixed - one of the strongest rates on the market for monthly savers, with a £25 minimum per month. Fixed-rate bonds and cash ISAs both start from £500. The ISA Saver Fixed (1, 2 and 5 year) all pay 4.10%, while the Fixed Saver 2 Year and 5 Year come in at 4.00% and the 1 Year at 3.80%.

For easy access, the Bonus Saver and Reward Bonus Saver both pay 3.00% variable from £1, though the Everyday Saver sits at just 1.00% - worth watching, as if you park money in the Everyday Saver and forget about it, you could be leaving a fair bit on the table. For families, the Kids' Monthly Saver pays 5.50% fixed, and there is a Junior Cash ISA and a Family Boost Fixed Savings Account at 5.00% fixed for those helping a relative onto the property ladder.

FSCS protection - a key detail

Halifax operates as a trading division of Bank of Scotland, itself wholly owned by Lloyds Banking Group. That matters for savers because Halifax, Bank of Scotland and Lloyds share the same banking licence - so if you hold savings with more than one of them, your FSCS protection is shared across all three, not stacked separately. All Halifax savings accounts carry FSCS protection up to £120,000, except the Stocks and Shares ISA where investments are protected up to £85,000 (with uninvested cash up to £120,000).

Is it right for you?

80% of customers surveyed in 2026 would recommend Halifax to a friend, and 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 fixed accounts. However, customer service can be inconsistent, and many customers experience long waiting times when contacting support, with more complex problems proving frustrating to resolve.

The Regular Saver and fixed ISAs are where Halifax genuinely competes. The easy access rates are less compelling against the wider market, so it is worth comparing before committing your cash there.

As always, rates change - use the live figures shown on this page as your source of truth before opening anything.