Protection
FSCS£120,000
Min balance
£1
Max balance
No limit
Access
Instant
Interest paid
Monthly
Halifax is becoming Lloyds. Halifax is being retired on 31 October 2026.
Rate Tiers
£1 to £1,000
2.25%AER
Above £1,000
0.75%AER
How It Stacks Up
Ranks 95th of 152
Easy access accounts we track
This account 2.25%
- UK CPI (Aug 2026)
- 3.10%
- Pays 0.85% less
- Average easy access
- 2.83%
- Pays 0.58% less
- Best easy access
- 5.00%
- Pays 2.75% less
Inflation: ONS. Averages and best rates: accounts on DepositScout.
A better-paying alternative
Tembo
HomeSaver
4.55%
AER
- Pays 2.30% more than this Halifax account
- Instant access, open with £10
We may earn a commission if you open this account.
A Good Fit For
- Pro: New and existing savers
- Pro: Savers who want instant access
- Pro: Savers who want a monthly income
Worth Weighing Up
- Con: The rate is variable, so it can go down
Good to Know
Ages 11–15
Please verify all details with the provider – see our Disclaimer
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