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 9th of 32 providers reviewed.

Customer happiness 59%
Customer trust 52%
Complaints performance 79%
Transparency rating 67%
Fairer Finance score
Reviewed Spring 2020
64%

Car insurance

Ranked 30th of 55 providers reviewed.

Customer happiness 60%
Customer trust 50%
Complaints performance 72.07%
Transparency rating 56.31%
Fairer Finance score
Reviewed Spring 2020
60%
Gold ribbon: first place

Credit cards

Ranked 3rd of 32 providers reviewed.

Customer happiness 59%
Customer trust 51%
Complaints performance 79%
Transparency rating 59%
Fairer Finance score
Reviewed Spring 2020
62%

Home insurance (building and contents)

Ranked 33rd of 50 providers reviewed.

Customer happiness 54.73%
Customer trust 50.72%
Complaints performance 65.32%
Transparency rating 55.4%
Fairer Finance score
Reviewed Spring 2020
57%

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 22 providers reviewed.

Customer happiness 56%
Customer trust 55%
Complaints performance 82%
Transparency rating 57%
Fairer Finance score
Reviewed Spring 2020
62%
Gold ribbon: first place

Personal loans

Ranked 8th of 31 providers reviewed.

Customer happiness 62%
Customer trust 54.74%
Complaints performance 78.85%
Transparency rating 60.98%
Fairer Finance score
Reviewed Spring 2020
64%
Gold ribbon: first place

Savings accounts

Ranked 16th of 44 providers reviewed.

Customer happiness 49.81%
Customer trust 52.54%
Complaints performance 78.85%
Transparency rating 63.5%
Fairer Finance score
Reviewed Spring 2020
61%

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 £25,000
Overdraft scenario 3 large amount (maximum EAR) i £15.54
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

Halifax

Current Account

4 stars
Faster Payment limit i £25,000
Overdraft scenario 3 large amount (maximum EAR) i £15.54
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

Student Current Account (Inside Europe)

2 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i

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

Current Account (Inside Europe)

2 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0
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

Halifax

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

Reward Current Account (Inside Europe)

2 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i

Halifax

Ultimate Reward Current Account (Inside Europe)

2 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i

Overdrafts

Halifax

Ultimate Reward Current Account

3 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £50
Arranged overdraft interest rate (representative EAR) i 39.90%

Halifax

Reward Current Account

1 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £0
Arranged overdraft interest rate (representative EAR) i 39.90%

Halifax

Current Account

1 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £0
Arranged overdraft interest rate (representative EAR) i 39.90%

Premium bank accounts

Halifax

Ultimate Reward Current Account

4 stars
Add-ons, cashback and rewards i Worldwide multi-trip family insurance, AA breakdown cover, home emergency cover, mobile phone insurance, £5 a month or a lifestyle benefit
Estimated amount of money customers get back (minus annual fee) i £236.54
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
Repairs guarantee (years) i 3 years
Courtesy car provided if stolen / total loss i

Credit cards

0% balance transfer credit cards

Halifax

Low Fee 0% Balance Transfer

4 stars
Duration of balance transfer offer period i 16 or 26
Balance transfer fee during promotional period i 1.20%
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

Low Fee 0% Balance Transfer

2 stars
Duration of purchases offer period i 6 or 9
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

2 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

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

Low Fee 0% Balance Transfer

1 stars
Representative APR i 19.90%
Foreign purchase fee i 2.95%
Foreign withdrawal fee i 5%
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 5%
Risk based? i
Number of days before interest is charged on non-sterling cash transactions i 0 days
Representative purchase rate i 1.53%

Money transfer credit cards

Halifax

Clarity

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Money transfer fee during promotional period i
Representative APR i 19.90%
Risk based? 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
Money transfer fee during promotional period i
Representative APR i 19.90%
Risk based? 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
Money transfer fee during promotional period i
Representative APR i 19.90%
Risk based? 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
Cover for keys if lost i Sum insured
Matching sets i
Alternative accommodation cover limit i £100,000
Cover for keys if stolen i Sum insured
Compulsory excess i £50
Escape of water excess i £100
Property owner liability i £2,000,000
24hr helpline i

Halifax

Home Insurance

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

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.