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 banking partners 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 competitive 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.
Get £20-£100 cashback
Open an Active Savings Account by 30 June 2022, 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 six months we may reclaim your cashback. Terms below.
| You pay in | Your cashback |
|---|---|
| £10,000 - £19,999 | £20 |
| £20,000 - £29,999 | £30 |
| £30,000 - £49,999 | £40 |
| £50,000 - £79,999 | £50 |
| £80,000 or more | £100 |
The best rates on Active Savings
Pick and mix savings products from a range of banks and building societies, offering competitive rates, all through Active Savings from Hargreaves Lansdown.
Easy access
0.85% | 0.85%
(AER
|
Gross)
1 year
2.20% | 2.20%
(AER
|
Gross)
2 years
2.50% | 2.50%
(AER
|
Gross)
3 years
2.60% | 2.60%
(AER
|
Gross)
Easy access
0.85% | 0.85%
(AER
|
Gross)
1 year
2.20% | 2.20%
(AER
|
Gross)
2 years
2.50% | 2.50%
(AER
|
Gross)
3 years
2.60% | 2.60%
(AER
|
Gross)
6 months
1.60% | 1.60%
(AER
|
Gross)
9 months
2.05% | 2.05%
(AER
|
Gross)
18 months
2.35% | 2.35%
(AER
|
Gross)
5 years
2.80% | 2.80%
(AER
|
Gross)
6 months
1.60% | 1.60%
(AER
|
Gross)
9 months
2.05% | 2.05%
(AER
|
Gross)
18 months
2.35% | 2.35%
(AER
|
Gross)
5 years
2.80% | 2.80%
(AER
|
Gross)
Minimum deposit requirements apply to individual products. With fixed term savings you can’t usually withdraw your money until the term has ended.
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. Some of these rates may be offered by Islamic Banks which offer an expected profit rate rather than interest. More on Sharia savings.
Source for market average rates: Bank of England, 31 March 2022. Source for market leading rates: Moneyfacts, 18 May 2022 at 8:50am. Please note products can be added or withdrawn at any time. Easy access products pay a variable rate and fixed term products pay a fixed rate.
When your money is in a savings product through Active Savings, it’s held by that bank or building society. If they were to fail, the FSCS will protect eligible deposits up to £85,000 per banking licence.
Log in to your Active Savings account
Open an Active Savings account
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.
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.
Our banking partners
Could a savings portfolio boost your returns?
Savvy savers are getting better returns on their cash with a portfolio of savings products. And it’s easier than you might think.
Why save with Active Savings
-
Manage everything together
See all your cash savings alongside your investments.
-
A wide choice in one place
Save how you want, now and in the future.
-
One login, multiple products
No endless forms, no constant identity checks, no hassle.
-
UK-based helpdesk
You’ll manage your account online but you can speak to our client support experts if you have any questions.
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 banking partners 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.
3
steps to
start saving
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?
Have another question?
Read our FAQs or contact our Helpdesk.
Saving Insights can help you make the most of your cash, from the basics of savings accounts to savvy savings strategies.
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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
Cashback FAQs
Active Savings Cashback Offer – what you need to know
1. This offer is available to anyone who opens a new Active Savings Account between 06 April 2022 and 30 June 2022 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 use this money to 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 without adding any money and still qualify for the offer, provided that your account is topped up to a balance of at least £10,000 and you use this money to 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 £20 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 Qualifying Period. The value of the cash reward will not be based upon any amounts added to savings products using cash held in a Fund and 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. You must not be an employee of any Hargreaves Lansdown Group company or a member of any such employee’s immediate family or household.
11. This offer is limited to one payment of up to £100 per client.
12. This offer will be governed by English law and, in participating, you submit to the jurisdiction of the English courts.
13. 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.
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.