Halifax

Halifax was founded in 1853 in Halifax, West Yorkshire. It was originally formed as the Halifax Permanent Benefit Building and Investment Society and became a publicly limited company in 1997.


In 2009 it became a subsidiary of Lloyds Banking Group. Lloyds Banking Group is listed on the London Stock Exchange and is a member of the FTSE 100.


As well as the Lloyds and Halifax brands, the group also owns Bank of Scotland, MBNA, Scottish Widows and Birmingham Midshires.

Halifax offers a wide range of banking products, including current accounts, savings accounts, mortgages and personal loans. It also offers credit cards and several insurance products.


Halifax
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Gold ribbon: first place

Bank accounts

Ranked 13th of 34 providers reviewed.

Customer happiness 59%
Customer trust 48%
Complaints performance 82%
Transparency rating 53%
Fairer Finance score
Reviewed Autumn 2019
60%

Car insurance

Ranked 27th of 53 providers reviewed.

Customer happiness 55%
Customer trust 43%
Complaints performance 71%
Transparency rating 60%
Fairer Finance score
Reviewed Autumn 2019
57%
Gold ribbon: first place

Credit cards

Ranked 5th of 32 providers reviewed.

Customer happiness 56%
Customer trust 49%
Complaints performance 83%
Transparency rating 60%
Fairer Finance score
Reviewed Autumn 2019
62%

Home insurance (building and contents)

Ranked 34th of 49 providers reviewed.

Customer happiness 50%
Customer trust 46%
Complaints performance 69%
Transparency rating 55%
Fairer Finance score
Reviewed Autumn 2019
55%

Investing and pensions

Our ratings for Investing and pensions are hosted exclusively on The Times Money Mentor site.

Go there now to find out how we rated this product.

Gold ribbon: first place

Mortgages

Ranked 6th of 21 providers reviewed.

Customer happiness 55%
Customer trust 46%
Complaints performance 82%
Transparency rating 60%
Fairer Finance score
Reviewed Autumn 2019
61%
Gold ribbon: first place

Personal loans

Ranked 4th of 29 providers reviewed.

Customer happiness 60%
Customer trust 53%
Complaints performance 83%
Transparency rating 65%
Fairer Finance score
Reviewed Autumn 2019
65%

Savings accounts

Ranked 23rd of 46 providers reviewed.

Customer happiness 49%
Customer trust 48%
Complaints performance 83%
Transparency rating 51%
Fairer Finance score
Reviewed Autumn 2019
58%

Bank accounts

Basic bank accounts

Halifax

Basic Account

5 stars
Faster Payment limit i £50,000
Maximum cash machine withdrawal per day i £500
Part of FSCS i

Current accounts

Halifax

Reward Current Account

4 stars
Faster Payment limit i £50,000
Maximum cash machine withdrawal per day i £500
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0
Card payment fee (£) i £0
App capability? i

Foreign use bank accounts

Halifax

Reward Current Account

2 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i

Halifax

Ultimate Reward Current Account

2 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i

Halifax

Student Current Account

2 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i

Halifax

Basic Account

2 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i

Premium bank accounts

Halifax

Ultimate Reward Current Account

4 stars
Estimated amount of money customers get back (minus annual fee) i £200.54
Maximum cash daily withdrawal ATM (domestic) i £500
Part of FSCS or international equivalent i

Student bank accounts

Halifax

Student Current Account

4 stars
Arranged overdraft limit i £1,500
Tiered repayment of overdraft i £1.5k for 1 year
Switching / sign up incentive i

Car insurance

Halifax

Car Insurance

2 stars
Cover limit for lost keys i £0
Uninsured driver promise i
Courtesy car for duration of repair i
Windscreen repair excess i £0
Windscreen replacement excess i £75
Cover limit for stolen keys i £500
Cover for replacing original audio/visual equipment i Unlimited
24hr helpline available i 75
Repairs guarantee (years) i 3 years
Courtesy car provided if stolen / total loss i

Credit cards

0% balance transfer credit cards

Halifax

No Fee 0% Balance Transfer

4 stars
Duration of balance transfer offer period i 16 or 15
Balance transfer fee during promotional period i 0%
Representative APR i 19.90%
Risk based? i
Balance transfer rate during promotional period i 0%
Representative balance transfer rate i 1.53%

Halifax

Low Fee 0% Balance Transfer

4 stars
Duration of balance transfer offer period i 16 or 25
Balance transfer fee during promotional period i 1%
Representative APR i 19.90%
Risk based? i
Balance transfer rate during promotional period i 0%
Representative balance transfer rate i 1.53%

Halifax

Longest Balance Transfer

3 stars
Duration of balance transfer offer period i 29 or 16
Balance transfer fee during promotional period i 3%
Representative APR i 19.90%
Risk based? i
Balance transfer rate during promotional period i 0%
Representative balance transfer rate i 1.53%

Halifax

0% Purchase and Balance Transfer

3 stars
Duration of balance transfer offer period i 20 or 16
Balance transfer fee during promotional period i 3%
Representative APR i 19.90%
Risk based? i
Balance transfer rate during promotional period i 0%
Representative balance transfer rate i 1.53%

0% purchase credit cards

Halifax

No Fee 0% Balance Transfer

3 stars
Duration of purchases offer period i 6 months
Representative APR i 19.90%
Highest APR i 27.90%
Risk based? i
Purchase rate during promotional period i 0%
Representative purchase rate i 1.53%
Number of days before interest is charged on purchases i 56 days

Halifax

Low Fee 0% Balance Transfer

3 stars
Duration of purchases offer period i 6 or 12
Representative APR i 19.90%
Highest APR i 27.90%
Risk based? i
Purchase rate during promotional period i 0%
Representative purchase rate i 1.53%
Number of days before interest is charged on purchases i 56 days

Halifax

0% Purchase and Balance Transfer

3 stars
Duration of purchases offer period i 6 or 20
Representative APR i 19.90%
Highest APR i 27.90%
Risk based? i
Purchase rate during promotional period i 0%
Representative purchase rate i 1.53%
Number of days before interest is charged on purchases i 56 days

Halifax

Longest Balance Transfer

3 stars
Duration of purchases offer period i 3 or 6
Representative APR i 19.90%
Highest APR i 27.90%
Risk based? i
Purchase rate during promotional period i 0%
Representative purchase rate i 1.53%
Number of days before interest is charged on purchases i 56 days

Foreign use credit cards

Halifax

Clarity

5 stars
Representative APR i 19.90%
Foreign purchase fee i 0%
Foreign withdrawal fee i 0%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i 0 days
Representative purchase rate i 1.53%

Halifax

No Fee 0% Balance Transfer

1 stars
Representative APR i 19.90%
Foreign purchase fee i 2.95%
Foreign withdrawal fee i 3%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i 0 days
Representative purchase rate i 1.53%

Halifax

Low Fee 0% Balance Transfer

1 stars
Representative APR i 19.90%
Foreign purchase fee i 2.95%
Foreign withdrawal fee i 3%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i 0 days
Representative purchase rate i 1.53%

Halifax

Longest Balance Transfer

1 stars
Representative APR i 19.90%
Foreign purchase fee i 2.95%
Foreign withdrawal fee i 3%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i 0 days
Representative purchase rate i 1.53%

Halifax

0% Purchase and Balance Transfer

1 stars
Representative APR i 19.90%
Foreign purchase fee i 2.95%
Foreign withdrawal fee i 3%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i 0 days
Representative purchase rate i 1.53%

Halifax

FlexiCard

1 stars
Representative APR i 9.90%
Foreign purchase fee i 2.95%
Foreign withdrawal fee i 3%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i 0 days
Representative purchase rate i 0.79%

Low rate credit cards

Halifax

FlexiCard

4 stars
Representative APR i 9.90%
Representative cash transaction interest rate i 0.79%
Representative purchase rate i 0.79%
Risk based? i
Representative balance transfer rate i 0.79%
Representative money transfer rate i

Money transfer credit cards

Halifax

No Fee 0% Balance Transfer

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Representative APR i 19.90%
Risk based? i
Money transfer fee during promotional period i
Representative cash transaction interest rate i 1.53%

Halifax

Clarity

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Representative APR i 19.90%
Risk based? i
Money transfer fee during promotional period i
Representative cash transaction interest rate i 1.53%

Halifax

Low Fee 0% Balance Transfer

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Representative APR i 19.90%
Risk based? i
Money transfer fee during promotional period i
Representative cash transaction interest rate i 1.53%

Halifax

Longest Balance Transfer

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Representative APR i 19.90%
Risk based? i
Money transfer fee during promotional period i
Representative cash transaction interest rate i 1.53%

Halifax

0% Purchase and Balance Transfer

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Representative APR i 19.90%
Risk based? i
Money transfer fee during promotional period i
Representative cash transaction interest rate i 1.53%

Home insurance (building and contents)

Halifax

Home Insurance Ultimate

4 stars
Escape of water excess i £100
Matching sets i
Theft from outbuildings cover limit i £10,000
24hr helpline i
Alternative accommodation cover limit i £100,000
Cover for keys if lost i Sum insured
Money in the home i £1,000
Replace belongings new for old i

Halifax

Home Insurance

2 stars
Escape of water excess i £500
Matching sets i
Theft from outbuildings cover limit i £0
24hr helpline i
Alternative accommodation cover limit i £30,000
Cover for keys if lost i £250
Money in the home i £500
Replace belongings new for old i

Buildings insurance

Halifax

Home Insurance Ultimate

4 stars
Finding & repairing a leak cover limit i £5,000
Matching sets i
Cover for keys if lost i Sum insured
Compulsory excess i £50
Escape of water excess i £100
Alternative accommodation cover limit i £100,000
Cover for keys if stolen i Sum insured
Property owner liability i £2,000,000
24hr helpline i

Halifax

Home Insurance

3 stars
Finding & repairing a leak cover limit i £5,000
Matching sets i
Cover for keys if lost i £250
Compulsory excess i £100
Escape of water excess i £500
Alternative accommodation cover limit i £30,000
Cover for keys if stolen i £250
Property owner liability i £1,000,000
24hr helpline i

Contents insurance

Halifax

Home Insurance Ultimate

4 stars
Theft from outbuildings cover limit i £10,000
Matching sets i
Cover for keys if lost i Sum insured
Cover limit for cycles in the home i £0
Replace belongings new for old i
Alternative accommodation cover limit i £30,000
Money in the home cover limit i £1,000
Cover for keys if stolen i Sum insured
24hr helpline i

Halifax

Premier Home Insurance

4 stars
Theft from outbuildings cover limit i £10,000
Matching sets i
Cover for keys if lost i Sum insured
Cover limit for cycles in the home i £0
Replace belongings new for old i
Alternative accommodation cover limit i £30,000
Money in the home cover limit i £1,000
Cover for keys if stolen i Sum insured
24hr helpline i

Halifax

Home Insurance

2 stars
Theft from outbuildings cover limit i £0
Matching sets i
Cover for keys if lost i £250
Cover limit for cycles in the home i £0
Replace belongings new for old i
Alternative accommodation cover limit i £20,000
Money in the home cover limit i £500
Cover for keys if stolen i £250
24hr helpline i

Halifax

Essential Home Insurance

2 stars
Theft from outbuildings cover limit i £0
Matching sets i
Cover for keys if lost i £250
Cover limit for cycles in the home i £0
Replace belongings new for old i
Alternative accommodation cover limit i £20,000
Money in the home cover limit i £500
Cover for keys if stolen i £250
24hr helpline i

Investing and pensions

Fund and Share Accounts (for high frequency trading)

Halifax

Share Dealing Account

Our ratings for Fund and Share Accounts (for high frequency trading) are hosted exclusively on The Times Money Mentor site.

Go there now to find out how we rated this product.

Fund and Share Accounts (for low frequency trading)

Halifax

Share Dealing Account

Our ratings for Fund and Share Accounts (for low frequency trading) are hosted exclusively on The Times Money Mentor site.

Go there now to find out how we rated this product.

Self-invested Personal Pensions (SIPPs)

Halifax

Halifax Share Dealing SIPP

Our ratings for Self-invested Personal Pensions (SIPPs) are hosted exclusively on The Times Money Mentor site.

Go there now to find out how we rated this product.