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Active
Savings

A new cash savings service

Our clients told us they don’t have time to chase the best rates - they just want consistently good returns without teaser rates and without any stress.

With Active Savings you can pick and mix savings products from a range of UK banks and building societies through one simple to use online account.

Simple to start, easy to manage

One application

gives access to as many products as you like, . Get started from £1 with a debit card, or cash held in an HL Fund and Share Account.

One account

to easily check what rates you're receiving and see what's new, so you're always in control.

One login

lets you see your HL investments and savings in one place, and move money around with just a few clicks.

Will my savings be protected?

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.

More about FSCS

All products and rates

The table below shows all of the savings products available today through Active Savings. You'll find out more about these products once you've opened an Active Savings Account. Products and rates do change regularly so make sure you keep an eye on the 'apply by' date. Products available can be added or withdrawn at any time.

Remember, with fixed term savings, you can't withdraw your money until the term has ended. At present, you can't save in an ISA or SIPP, but we hope to offer this in future.

Occasionally, our partner banks offer savings products only available to existing Active Savings clients. To view these rates, please log in to your account.

We'll show in the table if any products currently available are market leading. This data was last checked against Moneyfacts on 11 Nov 2019 at 8:59am.

Please note Paragon Bank's Non-Executive Chair is also a Non-Executive Director of Hargreaves Lansdown.

More about how Active Savings works

I'm looking for
savings products

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. 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.

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.

Rates may be subject to change and depend on individual circumstances.

*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.

Are there any charges?

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 to those available on Active Savings.

Get started in 3 easy steps

Put in your details

Or log in to your HL account if you're already a client

Open with just £1

Use your debit card or transfer from your HL Fund and Share Account

Choose your products

You only have three working days to choose or your money will be returned

Open an Active Savings Account More about how it works

Be the first to get updates

As more people have joined Active Savings, we've been able to sign up more banks, provide more services and offer better rates.

And we're working hard to bring you greater control in future, with more banks, a Cash ISA and much more.

Get alerts about new services, banks and rates

What our clients have to say about Active Savings

The big advantage is not having to go through the pain of applying for yet another bank account which then drops its rates after 12 months.

MR WEST, Bedfordshire

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 by the Financial Conduct Authority under the Payment Services Regulations 2017 with firm reference 751996 for the provision of payment services. Hargreaves Lansdown Asset Management Limited and Hargreaves Lansdown Savings Limited are subsidiaries of Hargreaves Lansdown plc (company number 2122142).