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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Bank accounts

Ranked 20th of 34 providers reviewed.

Customer happiness 60.83%
Customer trust 55%
Complaints performance 71.87%
Transparency rating 61.01%
Fairer Finance score
Reviewed Spring 2021
62%
Gold ribbon: first place

Car insurance

Ranked 22nd of 56 providers reviewed.

Customer happiness 61.57%
Customer trust 53.75%
Complaints performance 77.71%
Transparency rating 67.34%
Fairer Finance score
Reviewed Spring 2021
65%
Gold ribbon: first place

Credit cards

Ranked 8th of 28 providers reviewed.

Customer happiness 58.02%
Customer trust 52.52%
Complaints performance 71.87%
Transparency rating 64.65%
Fairer Finance score
Reviewed Spring 2021
62%

Home insurance (building and contents)

Ranked 35th of 52 providers reviewed.

Customer happiness 54.23%
Customer trust 51.64%
Complaints performance 72.04%
Transparency rating 62.85%
Fairer Finance score
Reviewed Spring 2021
60%

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.

Mortgages

Ranked 11th of 21 providers reviewed.

Customer happiness 57.76%
Customer trust 52.52%
Complaints performance 81.62%
Transparency rating 58.54%
Fairer Finance score
Reviewed Spring 2021
63%
Gold ribbon: first place

Personal loans

Ranked 11th of 25 providers reviewed.

Customer happiness 62.74%
Customer trust 57.96%
Complaints performance 71.87%
Transparency rating 55.62%
Fairer Finance score
Reviewed Spring 2021
62%

Savings accounts

Ranked 25th of 50 providers reviewed.

Customer happiness 48.48%
Customer trust 55.17%
Complaints performance 71.87%
Transparency rating 80.98%
Fairer Finance score
Reviewed Spring 2021
64%

Bank accounts

Basic bank accounts

Halifax

Basic Account

5 stars
Cost scenario i £20.31
Faster Payment limit i £25,000
Maximum cash machine withdrawal per day i £500
Part of FSCS i

Current accounts

Halifax

Reward Current Account

5 stars
Annual fee i £0
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
Annual fee i £0
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 (Inside Europe)

1 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 (Inside Europe)

1 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

1 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

1 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)

1 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

1 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

1 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

1 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 (Inside Europe)

1 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

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

Ultimate Reward Current Account

1 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £50
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

5 stars
Annual reward and cost scenario i £216.52
Add-ons, cashback and rewards i AXA Worldwide travel insurance (including winter sports) for holder & family; LSG Mobile phone insurance; UK AA Breakdown Cover; IPA Home emergency cover, £5 reward each month
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 £1,500 for 1 year
Switching / sign up incentive i
Cost scenario i £18.61

Car insurance

Halifax

Car Insurance

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

Credit cards

0% balance transfer credit cards

Halifax

Longest 0% Balance Transfer

3 stars
Duration of balance transfer offer period i 28 or 14 months
Balance transfer fee during promotional period i 2.69%
Representative APR i 19.90%
Balance transfer rate during promotional period i 0%
Representative balance transfer rate i 1.53%
Risk based? i

Halifax

0% Purchase and Balance Transfer

3 stars
Duration of balance transfer offer period i 17 or 12 months
Balance transfer fee during promotional period i 2.99%
Representative APR i 19.90%
Balance transfer rate during promotional period i 0%
Representative balance transfer rate i 1.53%
Risk based? i

0% purchase credit cards

Halifax

0% Purchase and Balance Transfer

4 stars
Duration of purchases offer period i 17 or 12 months
Representative APR i 19.90%
Highest APR i 27.90%
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
Risk based? i

Halifax

Longest 0% Balance Transfer

3 stars
Duration of purchases offer period i 6 or 9 months
Representative APR i 19.90%
Highest APR i 27.90%
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
Risk based? i

Foreign use credit cards

Halifax

Clarity

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

Halifax

Halifax Credit Card

1 stars
Foreign purchase fee i 2.95%
Foreign withdrawal fee i 5%
Representative APR i 9.90%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 0.79%

Halifax

Longest 0% Balance Transfer

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

Halifax

0% Purchase and Balance Transfer

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

Low rate credit cards

Halifax

Halifax Credit Card

2 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 0.79%

Money transfer credit cards

Halifax

Halifax Credit Card

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 9.90%
Risk based? i
Representative cash transaction interest rate i 0.79%

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

Longest 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
Matching sets i
Theft from outbuildings cover limit i £10,000
Escape of water excess i £100
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
24hr helpline i

Halifax

Home Insurance

2 stars
Matching sets i
Theft from outbuildings cover limit i £0
Escape of water excess i £500
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
24hr helpline 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
24hr helpline i
Property owner liability i £2,000,000

Halifax

Home Insurance

2 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
24hr helpline i
Property owner liability i £1,000,000

Contents insurance

Halifax

Home Insurance Ultimate

3 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

1 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.