Save4it

Key Features

A children's savings account (under 16 years old) that offers a variable interest rate of 1.05% AER - with the peace of mind that you can make as many withdrawals as you like, when you like.

  • Minimum opening balance - £1
  • Maximum balance - up to £5,000
  • Unlimited withdrawals - without loss of interest
  • Unlimited deposits
  • Manage your savings - in branch with a passbook, over the phone and view your account online
  • Additional features - get a free calculator, coin bank and save4it card (to open the coin bank) - subject to availability

View current rates, summary box and further information before you apply for a Save4it

Current Rates

Variable Interest Rate (AER)

1.05%

Balance

£1+

Please note: Rates of interest are subject to change, to check effective dates for all our Savings products please see our Interest Rates section.

View summary box and further information before you apply for a Save4it

Summary Box

Key Product Information

Account Name Halifax Save4it
Interest rates (AERs) Interest rates in more detail  
Tax Status Interest will be paid net of income tax (currently 20%) unless you register your account with us to receive gross interest
Conditions for bonus payment There is no bonus available on this account
Withdrawal  arrangements Unlimited withdrawals
Access Branch (with passbook), telephone (transfer between own Halifax or Bank of Scotland accounts) and view balances online

View further information or apply for a Save4it

Further Information

Variable interest - this means the rate you earn can go up and down

Interest paid annually - on the child's birthday or another chosen date

1 account per child - a child may have 1 Save4it account in that child's own name and also be the beneficiary of a trust account opened for that child's benefit

Trustee accounts - adults can open one account in trust for a child. However a trustee can open more than 1 account as long as these are opened for different children

Eligibility - UK resident personal customers only. Adults can open accounts in trust for a child under 7, or in the child's name if they are aged 7+

Account conditions   (opens as pdf)

We are a member of the Financial Services Compensation Scheme so our customers' savings are protected (up to £50,000).

Apply for a Save4it

Apply

It only takes a few minutes to apply…

…call now on 0845 122 1347
(Lines open 8am-8pm Mon-Fri, 8am-6pm Sat and 9am-5pm Sun)

Alternatively, call into your nearest branch.