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
2 or fewer withdrawals
3.00%AER
Higher rate applies for the whole 12-month term
3+ withdrawals
0.65%AER
Lower rate applies from the month of the 3rd withdrawal
How It Stacks Up
Ranks 78th of 152
Easy access accounts we track
This account 3.00%
- UK CPI (Aug 2026)
- 3.10%
- Pays 0.10% less
- Average easy access
- 2.83%
- Pays 0.17% more
- Best easy access
- 5.00%
- Pays 2.00% less
Inflation: ONS. Averages and best rates: accounts on DepositScout.
A better-paying alternative
Tembo
HomeSaver
4.55%
AER
- Pays 1.55% 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
Reward/Ultimate Reward current account
Please verify all details with the provider – see our Disclaimer
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