Interest rates
Below we show the current interest rates paid on Hargreaves Lansdown accounts. As well as our standard variable rates we regularly offer fixed rate cash offers, details of which will be shown here.
AER stands for Annual Equivalent Rate. This notional rate illustrates what you would receive if interest was applied across the whole year, held within your account and itself earned interest.
Base rate as at 3/11/2011: 0.5%. All rates are variable unless stated otherwise.
Interest within Stocks & Shares ISAs is paid net of 20% tax. Interest within Junior ISAs is paid gross.
Cash held within the Vantage Portfolios
| Account Balance | Gross % for this tier only* | Net % for this tier only* | AER % applied to this tier only* |
| £50,000 + | 0.25 | 0.20 | 0.25 |
| £7,000 - £49,999.99 | 0.10 | 0.08 | 0.10 |
| £1,000 - £6,999.99 | 0.05 | 0.04 | 0.05 |
| £0 - £999.99 | 0.00 | 0.00 | 0.00 |
*Note: Interest is tiered within bands so you will currently receive 0% on the first £999.99, 0.05% (gross) on the amount above £1000 and below £6,999.99, 0.10% on balances above £7,000 and below £49,999.99 etc. These tiered rates should not be directly compared to the AER, gross or net interest rates of accounts which are not tiered or have a different tier structure.
If you hold cash balances in more than one Vantage account (i.e. a Vantage Stocks & Shares ISA and a Vantage Fund & Share Account) these will be considered separately when calculating the tiered interest.
Vantage SIPP Fixed Rate Cash Option
As well as variable rates, when possible we also offer our clients access to fixed rate deals. These typically offer higher rates of interest, but the money will not be available to invest until a fixed date in the future. For this reason, we ask our clients to maintain a minimum cash balance of £10,000 in their account to cover any short term trading needs. Cash over and above this amount can be switched into our fixed rate offers. The minimum investment is £1,000.
Detailed below is a schedule of forthcoming SIPP Fixed Rate Cash Options. The interest rate for the offer commencing in March 2012 is yet to be confirmed but you can register your interest in these offers now and we will email you with further details when they are available. We will have a fixed tranche of money available for each offer which will be allocated to investors on a first come, first served basis.
| Term | Opens for subscription | No. of days interest | Gross % | Net % | AER % |
| 3 Months (starting 01/03/2012, maturing 31/05/2012) |
16/02/2012 | 91 | TBC | TBC | TBC |
This Fixed Rate Cash Option is available through the Vantage SIPP. Please remember, you will not be able to invest the money or use it to provide retirement benefits for the term you choose, so please only invest money you are certain you will not need in the interim. You will earn interest at our normal variable rate until the start of the fixed offer term. The interest from this fixed rate option will be credited and the capital available to reinvest on the date of maturity, at which stage you will start to earn interest at our normal variable rates on any uninvested cash.
Applications for the next Fixed Rate Cash Option, commencing 1 March 2012, must be received no later than 27 February 2012.
Register to receive an email when future SIPP Fixed Rate Cash Options become available.
Interest Rates on the Hargreaves Lansdown Cash ISA
| Account Balance | Gross % | Net % | AER % |
| £0+ | 0.25 | 0.20 | 0.25 |
Cash held within the HLAM Analyst Stocks & Shares ISA
| Account Balance | Gross % | Net % | AER % |
| £7,000 + | 0.10 | 0.08 | 0.10 |
| £500 - £6,999.99 | 0.05 | 0.04 | 0.05 |
| £1 - £499.99 | 0.00 | 0.00 | 0.00 |
Cash held within the Bank of Scotland Cheque Account
| Account Balance | Gross % | Net % | AER % |
| £50,000 + | 0.25 | 0.20 | 0.25 |
| £10,000 - £49,999.99 | 0.10 | 0.08 | 0.10 |
| £0 - £9,999.99 | 0.10 | 0.08 | 0.10 |
Cash held within the Portfolio Management Service
| Account Balance | Gross % | Net % | AER % |
| £0+ | 0.25 | 0.20 | 0.25 |