Cashback offer available: Get £10 - £150 cashback. Terms apply - register now
Active Savings Account
High interest savings rates, all in one place
Access competitive rates from over 30 FSCS-protected banks
Pick, mix and switch between easy access and fixed-rate savings accounts
Manage all your savings in one place through a single app and login
Important information: if you're choosing a fixed rate, make sure you're comfortable with any withdrawal restrictions.
Important information: if you're choosing a fixed rate, make sure you're comfortable with any withdrawal restrictions.
Today’s top Active Savings rates
-
Up to
4.01% AER
Easy access (variable)
-
Up to
4.94% AER
1 year fixed
-
Up to
5.02% AER
2 year fixed
-
Up to
5.04% AER
3 year fixed
What is AER (Annual Equivalent Rate)?
AER stands for Annual Equivalent Rate. It shows what the interest rate would be if interest was paid and added to your balance once a year, so you can compare accounts that pay interest at different times.
Get great rates from over 30 banks
Save with multiple banks, all in one place
We’ve partnered with a wide range of banks and building societies to give you competitive easy access and fixed rate savings, all through one online account. Move your cash between products in minutes and choose where your money earns interest.
When your fixed rate is maturing, we’ll keep you updated on your options and the latest rates available.
Active Savings is free to use. We charge our banking partners, not you, so rates may differ from the same or similar products offered directly by banking partners.
Why choose an Active Savings Account?
Get your cash working harder with the UK's #1 investment and savings platform.
Register to get £10 to £150 cashback
This offer is for new Active Savings clients only.
You can get £10 to £150 cashback when you register a new Active Savings account.
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 £5,000 or more and move it into one or more savings products.
Your cashback will be paid into your Active Savings Cash Hub no later than 6 months after opening your account.
This offer does not apply to our Cash ISA. Terms apply.
| Amount paid into savings products | Cashback |
|---|---|
| £5,000 - £9,999 | £10 |
| £10,000 - £19,999 | £20 |
| £20,000 - £29,999 | £40 |
| £30,000 - £49,999 | £60 |
| £50,000 - £74,999 | £100 |
| £75,000+ | £150 |
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.
No charges on your savings
0%
We don't charge you to set up, manage or withdraw from an Active Savings Account.
Instead, we charge our banking partners, who pay us a percentage fee for every product they may have on our platform.
This means that equivalent products offered directly by these banks and building societies sometimes have different rates from those available with HL.
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'.
Great rates. Multiple banks. One account.
Open an Active Savings Account in minutes with the UK's #1 investment and savings platform.
Hear why Nick chose Active Savings
HL client, Nick, shares what he loves about the Active Savings Account.
HL client, Nick, shares what he loves about the Active Savings Account.
FAQs
Common questions about Active Savings.
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.
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 into your nominated bank account the working day after any cleared funds have settled in the cash hub.
You can open an Active Savings Account if you’re aged 18 or older.
You can’t open an account if you live overseas or you aren’t UK resident for tax purposes. We don’t offer joint savings accounts or accounts for children or companies.
Yes, you can open both an Active Savings Account and an HL Cash ISA alongside each other.
A Cash ISA lets you grow your money, free from UK tax. As any interest you earn is tax free, you're able to keep and grow more of your money over time.
You can pay in up to £20,000 each tax year.
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.
All of our banking partners are covered by the Financial Services Compensation Scheme (FSCS).
If the banking partner fails, this means up to £120,000 per banking licence is protected.
Money held outside of savings products offered by our banking partners is protected by Financial Conduct Authority (FCA) safeguarding rules.
Savings essentials
Read more about cash savings.
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).