Active Savings
Take control of your cash
Ends 17 June. Terms apply
Top up your Active Savings Account
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.
Great returns, no hassle
Get great rates on your hard earned cash without the hassle of constantly switching providers.
Active Savings lets you 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 applications forms or proving who you are every time. Just a selection of products with great rates all under one roof.
A revolutionary way to save
Over 1 million people trust us to help them make the most of their money.
Active Savings gives you access to great returns on your cash, without 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.
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Choice
Pick from easy access and fixed term savings products offering great rates
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Visibility
See all your savings and investments together in one online account
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Ease
Move available money into new products in just a few clicks, no paperwork
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Speed
Get set up in minutes online. Make sure you've read all the imporant information
Get your £25 bonus
All you need to do is open an account by 17 June, then add £5,000 or more with a debit card and choose your savings products within 60 days. If your savings balance drops below £5,000 within the first six months of your qualifying deposit we reserve the right to reclaim the £25. Terms apply
Get your money working harder
Active Savings gives you great returns, without the hard work.
The average instant access savings rate we receive is just 0.28%, including unconditional bonuses. But you could be getting much less. Some high street banks now pay as little as 0.01%.
See the difference a new rate could make to you.
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 available can be added or withdrawn at any time. Minimum deposit requirements apply to individual products.
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 27 May 2020 at 4:39pm.
Please note Paragon Bank's Non-Executive Chair is also a Non-Executive Director of Hargreaves Lansdown.
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 and easy access products pay a variable rate.
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.
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.
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?
Have another question?
Read our FAQs or book a call with our savings Helpdesk.
Be the first to hear
Get alerts about new services, banking partners and rates. Sign up now.
Our Cash ISA is nearly here
Register for alerts and be the first to know when it's available.
Take control of your cash today
If you're ready to take control of your savings, getting started with Active Savings can be done online in minutes.
So why not join Active Savings today and improve the way you save, for the better?
It's a great product, and with a variety of banks offering competitive rates - with varying options like fixed term and easy access to your money - the choice is truly yours.Mr Omang, Leicestershire
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 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).
Sign up incentive - Terms & Conditions
1. This offer is available to anyone who opens a new Active Savings Account between 20 May 2020 and 17 June 2020 inclusive (“the Offer Period”).
2. To qualify for the offer, you’ll need to fund your Active Savings account with at least £5,000 by debit card, and to subsequently instruct us to add at least £5,000 to one or more savings products. Both of these actions must be taken within 60 days of the opening of the account to qualify. For the avoidance of doubt you can open an account with any amount and still qualify for the offer, provided that your Active Savings account is topped up to a balance of at least £5,000 and you instruct us to add at least £5,000 to one or more savings products. Both of these actions must be taken within 60 days of opening the account in order to qualify.
3. If you open an account within the Offer Period and also satisfy the criteria listed in clause 2, we will credit the cash hub in your account with £25 after the offer has closed and within one month of choosing your savings products. We’ll notify you by email once the £25 has been added.
4. We reserve the right to reclaim the £25 if the overall balance of your Active Savings Account drops below £5,000 within 6 months of the date of the qualifying deposit. We will notify you if we intend to reclaim the £25, and will claim it within 7 working days.
5. We reserve the right to amend, extend or withdraw this offer if necessary, including for legal or regulatory reasons or otherwise. If the offer closes early, all qualifying applications received up until this time will still be accepted. Details of any such amendment, extension or withdrawal will be posted on our website at www.hl.co.uk/savings.
6. This offer is not available to anyone who already has an Active Savings Account open.
7. This offer cannot be used in conjunction with any other offer.
8. You must not be an employee of, or any such employee’s immediate family or household of, any Hargreaves Lansdown Group company.
9. This offer is limited to one payment of £25 per client.
10. This offer will be governed by English law and, in participating, you submit to the jurisdiction of the English courts.
11. References in these terms and conditions to “Hargreaves Lansdown”, “our”, “us” or “we” are to Hargreaves Lansdown Savings Limited (company number 08355960), authorised and regulated by the Financial Conduct Authority (FCA Register number 751996), whose registered office is at 1 College Square South, Anchor Road, Bristol, BS1 5HL. References to the “Hargreaves Lansdown Group” are to Hargreaves Lansdown plc (company number 02122142) and its subsidiaries from time to time.
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.