Halifax improves its savings range

Halifax has made a number of changes to its savings products, including increasing the rates that customers will receive by up to 0.35%, on a number of accounts within its fixed saver, tracker bond and fixed rate ISA ranges.

Details of the new rates are:

Account - Rate

One year fixed saver 1.40%

Three year fixed saver 1.75%

One year ISA saver fixed 1.40%

18 month tracker bond 1.40%

18 month online tracker bond up to 1.45%

Savers can also choose to have their interest paid monthly or yearly on the Fixed Saver and ISA Saver Fixed range of savings accounts, on the tracker bond range interest is paid monthly only. Transfers from other providers are allowed on the full Halifax ISA range, which also qualifies for the Halifax ISA promise. All the accounts qualify for the Halifax Savers Prize Draw.

Giles Martin, head of Halifax savings, said: “These latest changes to our products mean that our customers are able to benefit from competitive savings rates and the choice of a variety of product terms to suit all savings needs. Our new rates make it the perfect time to start thinking about your savings options.”

The Halifax ISA Promise means that Halifax pays interest to customers from the day their ISA transfer application is received from other providers. This has resulted in customers saving millions of pounds that would otherwise have been lost in interest.

Giles Martin adds: “We know that many consumers are still struggling to save, as highlighted in our most recent quarterly savings report. We want to help our customers make the most of their money and so the changes that we’ve made to our products are good news for savers.”