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Interest rates

Below we show the current interest rates paid on Hargreaves Lansdown accounts. As well as our standard variable rates we periodically offer fixed rate cash offers, details of which will be shown here.

AER stands for Annual Equivalent Rate and shows the interest rate you receive over the year taking into account the effect of compounding interest payments.

Interest within regular HL as well as Portfolio Management Service accounts is paid gross.

Base rate since 02/08/2018: 0.75%. All rates are variable unless stated otherwise.

Cash held in an HL ISA, Junior ISA, Lifetime ISA or Fund and Share Account

Current rates and tiers
Account balance Gross % for this tier only* AER% for this tier only*
£50,000 + 0.15 0.15
£15,000 - £49,999.99 0.15 0.15
£5,000 - £14,999.99 0.15 0.15
£0 - £4,999.99 0.10 0.10

* Note: Interest is tiered within bands so you will currently receive 0.10% interest on the first £4,999.99, 0.15% on the amount above £5,000 and below £14,999.99, 0.15% on the amount above £15,000 and below £49,999.99, and 0.15% on balances over £50,000. 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 HL account (e.g. an HL Stocks and Shares ISA and a Fund and Share Account) these will be considered separately when calculating the tiered interest. Interest is not paid on balances held within your income or Loyalty Bonus account.

Cash held in an HL SIPP, Junior SIPP or SIPP Drawdown

Current rates and tiers
Account balance Gross % for this tier only* AER% for this tier only*
£100,000 + 0.35 0.35
£25,000 - £99,999.99 0.20 0.20
£5,000 - £24,999.99 0.15 0.15
£0 - £4,999.99 0.10 0.10

* Note: Interest is tiered within bands so you will currently receive 0.10% (gross) on the first £4,999.99, 0.15% on the amount above £5,000 and below £24,999.99, 0.20% on the amount above £25,000 and below £99,999.99, and 0.35% on balances over £100,000. 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 HL account (e.g. an HL SIPP and a SIPP Drawdown Account) these will be considered separately when calculating the tiered interest. Interest is not paid on balances held within your income or Loyalty Bonus account.

Fixed Rate Cash Offers

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.

There are currently no Fixed Rate Cash Offers available.

HL Cash ISA rates

Current rates and tiers
No. of days interest Gross % AER%
Variable rate N/A 0.40 0.40
Fixed rate - 1 year N/A N/A N/A
Fixed rate - 2 year N/A N/A N/A

AER stands for Annual Equivalent Rate and shows the interest rate you receive over the year taking into account the effect of compounding interest payments.

All monies held in the HL Cash ISA and the fixed rates offered within this product are held solely with Lloyds Bank. Interest will be calculated on the daily cleared balance held within your income and capital accounts and paid monthly.

Cash held in the Portfolio Management Service - all accounts except Drawdown and SIPP

Current rates and tiers
Account balance Gross % AER%
£0 + 0.20 0.20

Cash held within the Portfolio Management Service - Drawdown

Current rates and tiers
Account balance Gross % for this tier only* AER% applied to this tier only*
£3,000 + 0.50 0.50
£0 - £2,999.99 0.20 0.20

* Note: Interest on Portfolio Management Service Drawdown cash is tiered within bands so you will currently receive 0.20% Gross (0.20% AER) on the first £2,999.99 and 0.50% Gross (0.50% AER) on the amount above £3,000. 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. AER stands for Annual Equivalent Rate and shows the interest rate you receive over the year taking into account the effect of compounding interest payments.

Cash held within the Portfolio Management Service - SIPP

Current rates and tiers
Account balance Gross % AER%
£0 + 0.35 0.35