UK's # 1 savings and investment platform | Trusted by over 2 million people | 45 years' experience
Active Savings Account
Beat the big banks. Earn up to 4x more interest.
Competitive rates from multiple banks in one account
Easy access rates up to 4.00% AER (variable), fixed rates up to 4.65% AER
Compare and switch between savings rates in minutes
Important information: Average ‘big bank’ savings rate based on average instant access rates from Barclays, NatWest, HSBC and Lloyds. These rates are based on the average savings balance of £19,214 *Source: finder.com. Correct as of 16/07/2026. If you're choosing a fixed rate, make sure you're comfortable with any withdrawal restrictions. The 'big bank' savings rates used in our example are all from 'instant access' accounts - they let you withdraw your money immediately. 'Easy access' account withdrawals may take up to one working day to process.
Important information: Average ‘big bank’ savings rate based on average instant access rates from Barclays, NatWest, HSBC and Lloyds. These rates are based on the average savings balance of £19,214 *Source: finder.com. Correct as of 16/07/2026. If you're choosing a fixed rate, make sure you're comfortable with any withdrawal restrictions. The 'big bank' savings rates used in our example are all from 'instant access' accounts - they let you withdraw your money immediately. 'Easy access' account withdrawals may take up to one working day to process.
What is Active Savings?
An Active Savings account is a cash savings account that lets you compare and choose multiple savings rates from a range of banks, all in one place. It’s free to use and you can switch between rates at any time, without the hassle of opening multiple accounts. It's easy to get started.
- Open your account and add money
Open an Active Savings account in around 5 minutes and start saving when you're ready.
- Choose from a range of savings products
Compare savings products from a range of banks, all through your HL account.
- Switch rates whenever you want
Move your money whenever you want with easy access, or when your fixed term ends.
- Reinvest or withdraw your money
Reinvest your money to a new rate, move to your bank account, or another HL product.
All partner banks are Financial Services Compensation Scheme (FSCS) protected, with eligible deposits covered up to £120,000 per banking licence. You can spread your savings across multiple banking licences to increase the amount of eligible FSCS protection available. When your money is with Active Savings, but not in a product, you’ll be protected by FCA safeguarding rules. Learn more about protections.
Active Savings rates
Trusted by 2 million clients
Our clients trust us with over £172bn of their savings and investments.
Savings protection
All of our partner banks are FSCS protected.
Award-winning service
Over 200 awards, including 'Best Savings Platform 2024'.
Register to get £20 to £750 cashback
This offer is for new Active Savings clients only.
You can get £20 to £750 cashback when you register a new Active Savings account by 30 July 2026.
You need to register for the offer using our online form, by sending a Secure Message, or by calling us.
Once you’ve opened your Active Savings account, you’ll have 60 days to add £10,000 or more and move it into one or more savings products.
Your cashback will be paid to your Active Savings cash hub by 31 December 2026.
This offer does not apply to our Cash ISA. Terms apply.
| Amount paid into savings products | Cashback |
|---|---|
| £10,000 - £19,999 | £20 |
| £20,000 - £49,999 | £40 |
| £50,000 - £74,999 | £100 |
| £75,000 - £149,999 | £150 |
| £150,000 - £249,999 | £300 |
| £250,000+ | £750 |
Why choose an Active Savings Account?
Get your cash working harder with the UK's #1 investment and savings platform.
Take advantage of new rates without switching platforms
You'll never have to settle for poor rates
We offer more fixed rates than any bank
See your savings and investments in one place
Is an Active Savings Account right for you?
Consider opening an account if:
You plan to use the money in the next 5 years. For longer-term goals, investing offers a better chance of positive, inflation-beating returns. Read about saving and investing
You understand that the interest you earn may be taxed, depending on your Personal Savings Allowance
Not right for you? Take a look at the HL Cash ISA or compare all accounts
This isn’t personal advice.
FAQs
Common questions about savings rates.
You can open an Active Savings Account without adding money.
To choose a savings product, you’ll usually need a minimum amount to get started. Full information will be provided in the summary box before you select the product.
The maximum payment you can make with a debit card is £99,999.00, although your bank may set lower limits. If you wish to add more than this to your Active Savings Account, you’ll need to make multiple debit card payments. You have 30 working days to choose a product or your money may be returned to you.
AER (Annual Equivalent Rate) shows what the interest rate/ expected profit rate would be if it was paid and compounded once each year. It helps compare the rates on different savings products. Rates on easy access products can change.
Gross means the rate without any tax removed. Interest/profits are paid gross. You are responsible for paying any tax due on interest/profits that exceed your Personal Savings Allowance to HM Revenue & Customs. Tax treatment can change.
Tax free interest/profit in the Cash ISA is paid free of UK income tax. Tax rules can change and their benefits depend on your circumstances.
We don't charge you directly, instead we charge our banking partners. This means the same or similar products offered directly by the banks and building societies may have different interest rates available.
Islamic banks offer an expected profit rate, rather than interest on their savings products, in order to comply with Sharia banking principles. They are authorised by the Prudential Regulation Authority, and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Any eligible deposits up to £120,000 are covered under the FSCS. More about Sharia banking.
The apply date is the last date you can top up a product. The start date of the product is usually two working days after the apply by date. That's the date your money will start earning interest. The start date will always be shown on the product Summary Box.
Yes, you can.
To withdraw money, select the ‘withdraw’ button once logged into your account. The balance you want to withdraw will need to be available in your cash hub.
If the money is held in an easy access or limited access product, you’ll find the option to ‘withdraw’ beside the product – this will send the money back to your cash hub.
If you have money in a fixed term product, you’ll need to wait until the product matures and your savings have been returned to the cash hub before they can be withdrawn.
You can’t withdraw money from fixed term products before they reach their maturity date – except for a limited number of exceptional circumstances (such as terminal ill health).
You can usually expect to receive your money the working day after any cleared funds have settled in the cash hub.
Most people can earn some interest from their savings without paying tax.
You could earn up to £1,000 of interest tax free, depending on which income tax band you're in. This is known as your Personal Savings Allowance.
Interest you earn over your allowance could be subject to income tax. Benefits depend on individual circumstances and rules can change.
All interest paid into your Active Savings Account is paid without tax deducted, so counts towards your Personal Savings Allowance.
This website is issued by Hargreaves Lansdown Asset Management Limited (company number 1896481), which is authorised and regulated by the Financial Conduct Authority with firm reference 115248.
The Active Savings service is provided by Hargreaves Lansdown Savings Limited (company number 8355960). Hargreaves Lansdown Savings Limited is authorised and regulated by the Financial Conduct Authority (firm reference number 915119). Hargreaves Lansdown Savings Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 with firm reference 901007 for the issuing of electronic money.
Hargreaves Lansdown Asset Management Limited and Hargreaves Lansdown Savings Limited are subsidiaries of Hargreaves Lansdown Ltd (company number 2122142).