Interest rates

These are the current rates paid on Hargreaves Lansdown accounts since 10 January 2026.

AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest were paid and compounded once each year. Interest is calculated on the daily cleared balance and paid monthly. The interest period is from 10th to 9th of each month, and payment is credited on the Saturday following the 9th. This means that the interest can take up to 7 calendar days after this period to be credited to your account.

Interest in all ISA and SIPP accounts is paid free from UK income tax. Interest in all other accounts is paid gross, and you are responsible for paying any tax due on interest that exceeds your Personal Savings Allowance to HM Revenue & Customs. Tax rules can change.

If you hold cash balances in more than one HL account (e.g. an HL SIPP and a Fund and Share Account), then these will be considered separately when calculating the tiered interest. Each tiered interest rate applies to the cash held in that specific tier (e.g. a balance of £150,000.00 would receive the rates detailed below on the first £19,999.99, the next £80,000.00, the next £50,000.01). Interest is not paid on balances within your loyalty bonus account and is paid only on balances in income accounts within the Portfolio Management Service.

We do not charge a fee for holding cash or for cash transactions. HL expects to receive interest of between 0.5% below and 0.5% above the prevailing Bank of England base rate over the next 12 months on cash balances held in the Client Bank Accounts and SIPP Trustee Bank Accounts. The rates we pay clients are determined by the nature of the account and how that account is typically used by our clients. For example, we pay our highest rates in Drawdown, which is often used to hold higher levels of cash for rainy-day money in retirement. HL retains the difference between the interest HL receives and the interest paid to you.

HL will not typically invest any cash on your behalf unless you have instructed us to do so. Cash held in your account will typically be the first place we look to for fee collection. You’re able to view and amend your fee collection method in your account settings of your online account or by calling our Helpdesk.