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ISA Saver Variable
Our cash ISA helps you to save tax free and build a nest egg for the rainy days. Open the account with as little as £1.
Who this ISA is for
- Ideal if you want easy access to your savings.
- You’re 18 or over and resident in the UK for tax purposes with a National Insurance number.
- If you’ve already saved into a cash ISA this tax year with us, you’ll need to complete an ISA transfer. ISA rules allow you to pay into more than one cash ISA in each tax year, but we only let you pay into one cash ISA with us.
The benefits
- Earn up to 1.35% AER/tax free variable interest. The rate depends on your balance. See summary box for details.
- It's a flexible ISA. This means you can withdraw money and pay it back in before the end of the tax year without affecting your ISA allowance.
- Access your savings when you like, with no charges.
- Over 1,600 customers a month win up to £100,000 in our Halifax Savers Prize Draw.
How it works
- Open the account with as little as £1.
- Open and manage online, on our app, in branch or by phone.
- After 12 months, the account will change to an Instant ISA Saver.
Summary box for the ISA Saver Variable
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1.10% AER/tax free on balances from £1 - £9,999.
1.20% AER/tax free on balances from £10,000 - £49,999.
1.35% AER/tax free on balances of £50,000 or more.
The interest rate is variable. Interest is paid 12 months after you open the account. The rate applies to the full balance.
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Yes. As this account pays a variable rate of interest, it can change over time. We’ll always let you know of any planned changes to the rate. Our account conditions (PDF, 210KB) explain when and how we do this. For example, we might review the interest rate if the Bank of England base rate changes.
We’re making some changes to our conditions on 2 June 2025. For details, please see our guide to changes (PDF, 61KB).
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For example, if you deposit £1000.00 when you open the account, the balance after 12 months will be £1011.00.
If you deposit £10000.00 when you open the account, the balance after 12 months will be £10120.00.
If you deposit £50000.00 when you open the account, the balance after 12 months will be £50675.00.
This assumes:
- You don’t withdraw any money and interest is paid into this account.
- The interest rate stays the same.
- You make your first deposit payment on the day you open the account.
- You don’t add any more money.
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You can open and manage this account:
- online
- on our app
- in branch
- by phone.
Opening this account
- You must be 18 or over, resident in the UK for tax purposes with a National Insurance number.
- You can only open this account in your sole name.
- You must open with at least £1.
- You can transfer an ISA you have with us or another bank. Find out how to transfer an ISA.
- If you have already saved into another cash ISA this tax year with us, you'll need to do an ISA transfer and move over the money you saved in this tax year.
Managing the account
As with all ISAs, there are some rules:
- You can save up to £20,000 in a combination of permitted ISAs this tax year.
- ISA rules allow you to pay into more than one cash ISA in each tax year, but we only let you pay into one cash ISA with us.
- If you change your mind, you can cancel the account free of charge within 14 days of opening.
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Yes. You can make withdrawals from this account and there are no charges for doing so.
This is a flexible ISA, so if you make a withdrawal, you can pay that money back in to this account before the end of the tax year and not affect the amount you can save in your cash ISA tax free.
Any money you move to an account that isn't an ISA will lose its tax-free status. Tax treatment depends on your individual circumstances and may change in the future.
After 12 months the account will change to an Instant ISA Saver. Before this happens, we'll contact you to explain your options and next steps.
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Savings terms explained
Tax free means you will not pay income tax on your interest.
AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account that shows an interest rate, you will see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.
For more definitions, view our savings glossary.
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Our investment options could provide a higher return than saving. Choose from our investment accounts.
Transfer an ISA
Do you have another ISA? Protect your ISA allowance by asking us to move your funds for you.
Transfers are quick and easy to do through Online Banking.
Savers Prize Draw
Every month, there are over 1,600 winners in our Savers Prize Draw. Visit the prize draw page for the full draw rules.
