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Active Savings

Cashback Available now when you save
Terms apply

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.

  • Choice
    Pick from a range of savings products and terms offering competitive rates
  • Visibility
    See all your savings and investments together in one online account
  • Ease
    Move available money into new products in just a few clicks, no paperwork
  • Speed
    Get set up in minutes online. Make sure you've read all the imporant information

Cashback

Get £10-£100 cashback

Open an Active Savings Account by 2 December, then add at least £10,000 by debit card and choose your savings product within 60 days to qualify for cashback. If your balance drops below your cash offer qualifying amount within 6 months we may reclaim your cashback. Terms apply.

You save Your cashback
£10,000 - £19,999 £10
£20,000 - £29,999 £20
£30,000 - £49,999 £30
£50,000 - £79,999 £50
£80,000 or more £100

Compare us to the high street

Active Savings gives you great returns, without the hard work.

The average market rate for an instant access savings product is just 0.08%, 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.

Try our calculator

Based on rates available to new customers with a balance of £10,000 from large high street banks. Correct at 6 November 2020. Products can be added or withdrawn at any time. Instant access products allow immediate withdrawals, the Active Savings service offers easy access products and withdrawals usually take one working day. Instant access and easy access products provide variable rates and fixed term products pay a fixed rate.

The best rates on Active Savings

Easy access

Up to
0.55% | 0.55%
(AER | Gross)

Up to 1 year

Up to
1.00% | 1.00%
(AER | Gross)

Up to 2 years

Up to
1.20% | 1.20%
(AER | Gross)

Up to 3 years

Up to
0.90% | 0.90%
(AER | Gross)

Easy access

Up to
0.55% | 0.55%
(AER | Gross)

Up to 1 year

Up to
1.00% | 1.00%
(AER | Gross)

Up to 2 years

Up to
1.20% | 1.20%
(AER | Gross)

Up to 3 years

Up to
0.90% | 0.90%
(AER | Gross)

Please note, products can be added or withdrawn at any time. Minimum deposit requirements apply to individual products.

All our latest rates

Products available can be added or withdrawn at any time. Minimum deposit requirements apply to individual products.

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 06 Nov 2020 at 4:14pm.

Please note that two of Hargreaves Lansdown’s Non-Executive Directors hold positions with Paragon Bank and Investec Bank as Non-Executive Chair and Senior Independent Director, respectively.

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 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.

FSCS protection

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

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 contact our 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.

Register for updates

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?

Open an Active Savings account

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 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).

Active Savings Cash Back Offer – what you need to know

1. This offer is available to anyone who opens a new Active Savings account between 05 October 2020 and 2 December 2020 inclusive (“the Offer Period”).

2. To qualify for the offer, you’ll need to fund your new account with at least £10,000 by debit card, and to subsequently instruct us to add at least £10,000 to one or more savings products within that account. Both of these actions must be taken within 60 days of the opening of the account to qualify (“the Qualifying Period”). For the avoidance of doubt you can open an account with as little as £1 and still qualify for the offer, provided that your account is topped up to a balance of at least £10,000 and you instruct us to add at least £10,000 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 a cash amount between £10 and £100, depending on the amount you add to one or more savings products. We will credit the cash amount within one month after your Qualifying Period. We’ll notify you by email once the cash amount has been added.

4. The value of the cash reward will be based on the total amount added to savings products within 60 days of the opening of the account. The value of the cash reward will also only be based on the amount added to your account by debit card during the Offer Period. The value of the cash reward will not be based upon any amounts added to savings products using cash held in a Fund & Share account.

5. The cash reward shall be determined in accordance with the tiers identified in the table accompanying these terms and conditions.

6. It is not possible to combine the value of saving products chosen in accounts with different client numbers for the purpose of this offer. The maximum amount of cash you can receive under this offer is £100.

7. We reserve the right to reclaim the cash reward if the overall balance of your Active Savings Account drops below your cash offer qualifying amount within 6 months of the date of the qualifying deposit. We will notify you if we intend to reclaim the cash reward, and will claim it within 7 working days.

8. 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.

9. This offer is not available to anyone who already has an Active Savings account.

10. This offer cannot be used in conjunction with any other offer, except the general investment and SIPP – Autumn cash back offer we have running between 5 October 2020 and 10 January 2021.

11. You must not be an employee of, or any such employee’s immediate family or household of any Hargreaves Lansdown Group company.

12. This offer is limited to one payment of up to £100 per client.

13. This offer will be governed by English law and, in participating, you submit to the jurisdiction of the English courts.

14. 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 915119 ), 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.

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.