Active Savings
Take control of your cash
Open an Active Savings Account
Important information - Active Savings helps you make your own decisions and is not personal advice. Fixed term products generally only allow access to funds at maturity. Inflation reduces the future spending power of money.
Active Savings
Cash savings, reinvented
Get more choice and flexibility with your cash savings. Pick and mix savings products from a range of banks and building societies, offering competitive rates, all through one online account.
Your money’s held by the banks you choose, but you’ll manage everything together in one place, alongside your investments.
Active Savings transformed the way I manage my cash.MR FOX, Bedfordshire
A revolutionary way to save
Over 1 million people trust us to help them make the most of their money.
Switch your money on with Active Savings with access to great rates on your hard earned cash. And wave goodbye to the hassle of constantly switching providers.
You can pick and mix savings products from a range of banks and building societies, all through one online account. Once you’re set up there’s no more paperwork or hassle when choosing savings products – no more application forms or proving who you are every time. Just a selection of products with great rates all under one roof.
The best rates on Active Savings
Easy access
Up to
0.50% | 0.50%
(AER | Gross)
Avg. market rate
0.09%
Up to 1 year
Up to
1.35% | 1.35%
(AER | Gross)
Avg. market rate
0.27%
Up to 2 years
Up to
1.55% | 1.55%
(AER | Gross)
Avg. market rate
0.38%
Up to 3 years
Up to
1.65% | 1.65%
(AER | Gross)
Avg. market rate
0.80%
Easy access
Up to
0.50% | 0.50%
(AER | Gross)
Avg. market rate
0.09%
Up to 1 year
Up to
1.35% | 1.35%
(AER | Gross)
Avg. market rate
0.27%
Up to 2 years
Up to
1.55% | 1.55%
(AER | Gross)
Avg. market rate
0.38%
Up to 3 years
Up to
1.65% | 1.65%
(AER | Gross)
Avg. market rate
0.80%
Please note, products can be added or withdrawn at any time. Minimum deposit requirements apply to individual products.
Source: Bank of England 31 August 2021. Comparisons with average market rates for easy access products are based on instant access products, which allow immediate withdrawals. Active Savings offers easy access products and withdrawals usually take one working day.
NEW Cash ISA
You can now save up to £20,000 each tax year, free from UK income tax through Active Savings, with our new Cash ISA.
Tax rules for ISAs can change and their benefits depend on your personal circumstances.
The only savings account you'll ever need?
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Manage everything together
See all your cash savings alongside your investments.
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A wide choice in one place
Save how you want, now and in the future.
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One login, multiple products
No endless forms, no constant identity checks, no hassle.
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Get set up in minutes online
A single application form. Make sure you’ve read all the important information.
Save on your terms, not your banks’
Big high street banks pay as little as 0.01% AER/Gross* on instant access accounts. Switching makes sense but it’s hard work. Active Savings makes it easy.
All our latest rates
Products available can be added or withdrawn at any time.
With fixed term savings you can't usually withdraw your money until the term has ended. With limited access products you can withdraw your money when you like, but only a certain number of times a year without incurring a charge. Occasionally, our partner banks offer savings products only available to existing Active Savings clients.
Market leading rates were last checked against Moneyfacts on 24 Sep 2021 at 8:36am.
Please note that one of Hargreaves Lansdown’s Non-Executive Directors holds the position of Senior Independent Director at Investec Bank.
For full product information and to open a savings product please log into your Active Savings Account.
You can see full product information and apply for all savings products once you have opened an Active Savings Account.
I'm looking for
savings products
What do AER and Gross mean?
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 you compare the rates on different savings products.
Gross
The interest 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.
*Expected profit rate
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 £85,000 are covered under the FSCS. More about Sharia banking.
Fixed term products pay a fixed rate. Easy access and limited access products pay a variable rate.
Easier to keep your money working hard
You’re in the driving seat. You’ve got a range of great products at your fingertips, and we’ll send you alerts when great products and new banks are added. So you stay in control.
At the end of a fixed term you’ll get clear information and a list of all the options so you can keep your money working as hard as you do. If you’re not sure what to do you can choose a default easy access product until you are ready to decide where you would like your money to go or leave it here. Your money will continue earning interest and you’ll have access to it when you need it.
Get saving in three easy steps
Step 1
Open an Active Savings account
Or log into your HL account if you're already a client. Make sure you read the important information.
Step 2
Start with just £1
Add money with a debit card, or move across any uninvested cash in your Fund and Share account.
Step 3
Choose your products
Select from the range of great rates available.
How is my money protected?
When you add money to a savings product, it’s held by that bank or building society. Eligible deposits are protected up to £85,000 per banking licence. Any deposits over £85,000 with the same bank are not likely to be covered. All our partner banks are authorised by the Prudential Regulation Authority, regulated by the Financial Conduct Authority and Prudential Regulation Authority, and are covered by the Financial Services Compensation Scheme (FSCS). Money in the cash hub is covered under Barclay’s licence.
Money with Active Savings which isn’t in a savings product is held in the cash hub. As we are not a bank, it’s either protected through the FCA’s safeguarding rules if we (Hargreaves Lansdown Savings Ltd) were to fail, or the FSCS, if Barclays were to fail.
We don't charge you
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 rates to those available on Active Savings.
How it works
What is the cash hub, and how does it work?
Be the first to hear
Get alerts about new services, banking partners and rates. Sign up now.
NEW Cash ISA
You can now open a Cash ISA and manage it alongside other HL accounts.
Transform your savings today
You can get started with Active Savings online in minutes.
In times of worry and uncertainty I need to know that all savings and investments are with a provider I can trust.MR NEILL, Lanarkshire
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 plc (company number 2122142).
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 you compare the rates on different savings products.
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.
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 you compare the rates on different savings products. Once you have opened a fixed term product the rate won't change, but rates on easy access products can vary.
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. Once you have opened a fixed term product the rate won't change, but rates on easy access products can vary.
If you are considering adding money to this savings product, please ensure you have opened an Active Savings Account and given us your instructions before the application deadline.
The savings of private individuals held with authorised banks and building societies are covered under FSCS. All of our partner banks are authorised by the Prudential Regulation Authority (PRA) and covered under FSCS.
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 you compare the rates on different savings products. Once you have opened a fixed term product the rate won't change, but rates on easy access products can vary.
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.