Easy-access savings accounts

If you need instant access to your savings, our range of easy-access savings accounts could be ideal.

What is an easy-access savings account?

An easy-access savings account is sometimes known as an instant or flexible savings account. These accounts can help you earn variable interest on your savings without tying your money in for a fixed term.

You can still access your savings when you need to, without limits or other charges.

This does mean you’re likely to earn a bit less interest than you would on a fixed-rate account, but the advantage is flexibility. Just be aware that each time you make a withdrawal, it affects the interest you can earn.

Compare easy-access savings accounts

Our options help you to save when you can, with the flexibility to access your money when you need it.

easy access savings accounts,
Account	Interest	Minimum first deposit	Open for	Withdrawals	More info
Account Reward Bonus Saver Only available to customers who have a Reward Current Account or Ultimate Reward Current Account.	Interest 3.50% AER/3.45% gross variable if you make three or fewer withdrawals. 1.00% AER/gross variable if you make four or more withdrawals. Interest is paid monthly.	Minimum first deposit £1.	Open for One year. Your account will then change to an Instant Saver.	Withdrawals Unlimited. If you make four or more withdrawals, you'll receive a lower interest rate. This rate starts in the month you make the fourth withdrawal and lasts until the end of the account year.	More info Learn more about Reward Bonus Saver
Account Bonus Saver	Interest 3.40% AER/3.35% gross variable if you make three or fewer withdrawals. 1.00% AER/gross variable if you make four or more withdrawals. Interest is paid monthly.	Minimum first deposit £1.	Open for One year. Your account will then change to an Instant Saver.	Withdrawals Unlimited. If you make four or more withdrawals, you'll receive a lower interest rate. This rate starts in the month you make the fourth withdrawal and lasts until the end of the account year.	More info Learn more about Bonus Saver
Account ISA Bonus Saver	Interest 3.40% AER/3.35% tax-free variable if you make three or fewer withdrawals. 1.00% AER/tax-free variable if you make four or more withdrawals. Interest is paid monthly.	Minimum first deposit £1.	Open for One year. Your account will then change to an Instant ISA Saver.	Withdrawals If you make four or more withdrawals, you'll receive a lower interest rate. This rate starts in the month you make the fourth withdrawal and lasts until the end of the account year.	More info Learn more about ISA Bonus Saver
Account ISA Reward Bonus Saver Only available to customers who have a Reward Current Account or Ultimate Reward Current Account.	Interest 3.50% AER/3.45% tax-free variable if you make three or fewer withdrawals. 1.00% AER/tax-free variable if you make four or more withdrawals. Interest is paid monthly.	Minimum first deposit £1.	Open for One year. Your account will then change to an Instant ISA Saver.	Withdrawals If you make four or more withdrawals, you'll receive a lower interest rate. This rate starts in the month you make the fourth withdrawal and lasts until the end of the account year.	More info Learn more about ISA Reward Bonus Saver
Account Everyday Saver Open as many as five Everyday Saver accounts, giving you different saving pots.	Interest 1.10% AER/gross on balances from £1 to £9,999. 1.20% AER/gross on balances from £10,000 to £49,999. 1.35% AER/gross on balances of £50,000 or more. Interest is variable and paid after a year. The rate applies to the full balance.	Minimum first deposit £1.	Open for One year. Your account will then change to an Instant Saver.	Withdrawals Unlimited.	More info Learn more about Everyday Saver
Account ISA Saver Variable	Interest 1.10% AER/tax-free on balances from £1 to £9,999. 1.20% AER/tax-free on balances from £10,000 to £49,999. 1.35% AER/tax-free on balances of £50,000 or more. Interest is variable and paid after a year. The rate applies to the full balance.	Minimum first deposit £1.	Open for One year. Your account will then change to an Instant ISA Saver.	Withdrawals Unlimited.	More info Learn more about ISA Saver Variable
Account Instant Saver If you have one of the following accounts with us, it will change into this account at the end of its term: Everyday Saver. Fixed Saver Bonus Saver. Reward Bonus Saver. Family Boost Fixed Savings Account. Money Smart.	Interest 1.15% AER/gross on balances from £1 to £9,999. 1.25% AER/gross on balances from £10,000 to £49,999. 1.60% AER/gross on balances of £50,000 or more. The interest rate is variable and applies to the full balance. Your interest frequency will stay the same as it was on your last account.	Minimum first deposit £1.	Open for No end date.	Withdrawals Unlimited.	More info You can't apply directly for this account. Instant Saver
Account Instant ISA Saver If you have one of the following accounts with us, it will change into this account at the end of its term: ISA Saver Variable. ISA Saver Fixed. ISA Reward Bonus Saver. ISA Bonus Saver.	Interest 1.10% tax-free/AER on balances from £1 to £9,999. 1.20% tax-free/AER on balances from £10,000 to £49,999. 1.35% tax-free/AER on balances of £50,000 or more. The interest rate is variable and applies to the full balance. Your interest frequency will stay the same as it was on your last account.	Minimum first deposit £1.	Open for No end date.	Withdrawals Unlimited.	More info You can't apply directly for this account. Instant ISA Saver

Tax treatment depends on individual circumstances and may change.

Interest on savings

Interest rates can change, but your rate won’t change once you’ve opened your account. You can check current interest rates online at any time.

Let’s take a closer look

What is an easy-access savings account? expandable section

An easy-access savings account is a savings account that lets you put money in and take it out whenever you want to. It’s sometimes known as an instant-access savings account.

Depending on the account, you may earn interest on money you have in the account. Easy-access savings usually pay a lower rate of interest than fixed-term savings accounts. Always check the account terms and conditions for information on the interest rates.

With Halifax easy-access savings accounts, there are no limits on the number of withdrawals you can make. However, some accounts may pay a lower rate of interest if you make over a certain number of withdrawals.
How much interest can I hope to earn? expandable section

The interest rates on easy-access savings accounts are usually variable. That means the rate can change over time, based on what’s happening with the wider economy and the Bank of England base rate.

You’ll find that some accounts offer higher interest rates than others, potentially subject to conditions. For example, we might offer special interest rates to people who have a Reward Current Account or Ultimate Reward Current Account.
Will I pay tax on my savings using an easy-access account? expandable section

It depends on the type of account you have. With a regular savings account, you can earn tax-free interest on your savings up to your Personal Savings Allowance. If you’re a standard-rate taxpayer, you can earn up to £1,000 of interest without paying tax on it. For higher-rate taxpayers, interest is tax free up to £500.

Learn more about how the Personal Savings Allowance works.

If you have an easy-access ISA, you can save tax free up to the ISA allowance for that year. The ISA allowance for this year is £20,000. Learn more about how ISAs work.
Explaining some common terms expandable section
Wording explained

AER

The Annual Equivalent Rate (AER) helps you to understand how much interest you could earn from your savings in a year. It also makes it easier to compare accounts.

AER includes the effect of compound interest. That's the interest you earn on top of any interest that’s already part of your savings balance.

AER explained

Tax free

You don’t usually need to pay tax on interest earned on ISAs or 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 before tax. We won’t take off any tax due, so you’ll need to declare and pay anything you owe to HM Revenue and Customs.

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Easy-access savings accounts

What is an easy-access savings account?

Compare easy-access savings accounts

Interest on savings

Let’s take a closer look

AER

Tax free

Gross

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Protecting your money

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