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Halifax Savings Review

This article was last updated:

Everything you need to know before you open a savings account with Halifax!

The experts say:

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Halifax's savings accounts seem to be a hit amongst its customers, with a score of 66% in the Which? customer survey. The product itself has earned an impressive 70%, and it has been recommended by Which?, with a ranking of 18 out of 30 providers. It also scored well in Fairer Finance's Customer Experience Rating, yielding 63%, and finishing 29th out of 50 providers overall. All told, Halifax seems to have a strong offering for those looking for an attractive savings account.

What Halifax customers are saying right now:

The Good

  • ️⃣ Halifax have an excellent fraud prevention system 👍
  • ️⃣ They were the only bank that would lend to one customer 🙌
  • ️⃣ Quick and efficient processing of applications 🤩
  • ️⃣ Supportive customer service team 💁‍♀️
  • ️⃣ Open and willing to discuss any issues/concerns 🗣

The Bad

  • 🤬 Bad management, not diffusing situations and making customers more angry.
  • 🤯 Inappropriate questions asked during fraud checks and refusing to disclose why applications were rejected.
  • 😡 Refusing to help victims of scams and closing accounts without warning.
Read more customer reviews of Halifax

Halifax customer reviews summary

From the reviews, it is clear that Halifax savings accounts offer a range of benefits for their customers. The fraud prevention system is particularly impressive, freezing cards when suspicious transactions are detected. Customers are generally pleased with the speed at which their applications are evaluated and approved, as well as the customer service. However, there have been some issues with people being asked inappropriate questions and accounts being unexpectedly closed. All in all, Halifax savings accounts offer great services to customers with good credit ratings, but they could work on improving their customer service and dealing with issues more efficiently. Score: 8/10

Is Halifax one of this year's Top 10 savings account providers?