Reserve your place for early access to Active Savings
Please leave your details and we will contact you when you can open an account.
Sorry, Active Savings is currently oversubscribed.
To be one of the first on the waiting list, register your interest now.
We will be re-opening applications soon. Thank you for your patience.
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.
Keep your savings active without the hard work
Active Savings is easy to open and makes it simple to manage savings products from a range of banks and building societies. All in one online account. All without any fuss.
No
hassle
Just one password to remember to manage all your Active Savings alongside your HL investments
Up to
%
AER / Gross
No hassle
Just one website to visit and one password to remember to manage all your Active Savings
Pick and choose from some great rates, from a range of banks and building societies, all in one place
Latest products and ratesNo
paperwork
Once your account is open there are no more forms to complete to add or switch between savings products
We don't charge you directly, but the banks and building societies pay us between 0.15% and 0.25% of balances held per year. 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.
View your savings in one place
- To access all your savings and investments with Hargreaves Lansdown
- Means no more filling in forms to add new savings products
- Provides access to savings products from a range of banks and building societies
- Allows you to spread your savings across several banks
- You can create a savings portfolio that balances shorter terms for greater access, and longer terms for higher returns
- See all the rates for your Active Savings products at a glance
- To save hassle we send you a single tax summary each year
Easy to start, easy to manage
Open from £1,000
Simply use a debit card or move money across from your Fund & Share Account. You then have three working days to choose your products.
Choose your savings products
Pick and mix fixed term savings products from typically 3 months up to 5 years.
Switch easily at maturity
Instruct us to switch to a new product online in minutes.
Latest products and rates
Below are the partner bank products currently available, full details are available once you’ve opened an Active Savings Account
- Choose by rate or by how long you want to save for - from 3 months up to 5 years
- Remember you will not be able to withdraw your money until your savings mature
- Products available for new savings can be added or withdrawn at any time
AER (Annual Equivalent Rate) shows what the interest rate would be if interest was paid and compounded once each year. It helps you compare the interest rates on different savings products.
Gross means the interest rate without any tax deducted. Interest is paid gross. You are responsible for paying any tax due on interest that exceeds your Personal Savings Allowance to HM Revenue & Customs.
Interest rates may be subject to change and depend on individual circumstances.
Keep your savings protected
All our partner banks are authorised by the Prudential Regulation Authority (PRA), regulated by the Financial Conduct Authority (FCA), and are covered by the Financial Services Compensation Scheme (FSCS).
This means that your eligible deposits with our partner banks are covered up to £85,000 per banking licence under the FSCS. Any deposits you hold over £85,000 are not likely to be covered.
Find out how your savings could be protected
How it works
We've done all the hard work, so you don't have to.
Working with UK banks and building societies to bring multiple savings products together in one place. Removing the hassle of opening, closing and transferring between them. Making it easy for you to choose and manage multiple savings products, all through one convenient login.
Getting started and managing your account
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1 Confirm your details and open an Active Savings AccountLog in
Once you select 'Open an Active Savings Account' you'll be asked to sign in to your existing HL account. When you’ve signed in you'll be taken to the Active Savings application form. Your details will be pre-completed but please ensure they are correct. As this is an online only account all correspondence will be sent by email or secure message.
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2 Add moneyDebit card or transfer
You can add money with a debit card or transfer from your Fund & Share Account.
Minimum
To open an Active Savings Account you will need to deposit a minimum of £1,000.
Maximum
Please be aware the maximum payment you can make with a debit card is £99,999.00, although your bank may set lower limits. You can only transfer cleared money across from your Fund & Share Account, you can’t transfer money from unsettled trades.
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3 The cash hubOnce you’ve opened your Active Savings Account your money will be added to the cash hub.
Simple
For ease, all money coming in and going out of your Active Savings Account goes through the cash hub, including any interest paid to you by banks and building societies.
Interest rate
Your money will earn 0.0% interest in the cash hub.
Three working days to choose your products
To keep your money active you'll need to choose your savings products within three working days of your money clearing into the cash hub. Any longer and we have to return your money to you. This only applies to money held in the cash hub. For more details please see our FAQs.
How is money in the cash hub protected under FSCS?
All money in the cash hub is held with Barclays Bank. This means it is protected under their banking licence. See below for more details on compensation scheme limits.
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4 Choose productsLatest offers
View the latest offers from our partner banks. You can pick and mix fixed term savings from typically 3 months up to 5 years.
Key information
You'll need to be logged in to your Active Savings Account to choose your products. Before you decide you’ll be provided with a summary of key features and other relevant information to help with your choice. Once your money has been added to your chosen product you'll be sent confirmation.
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5 Managing your savingsOnline 24/7
You’ll be able to view and manage your Active Savings Account online at any time by logging in to your HL account.
You’ll also be sent a notification when:
- Your monthly statement is available
- You top up your Active Savings Account
- One of your fixed term products is about to mature
- Your savings are added to a product
- You make a withdrawal
Interest
Any interest will be paid into the cash hub. Once in the hub it will need to be added to a product within three working days, or it will be automatically returned to you.
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6 When your savings matureYour choice
Your savings will be returned to the cash hub ready for you to choose a new product or withdraw. You can give us a withdrawal instruction online, and your savings will be returned to your nominated bank account.
Three working days to choose your products
To keep your money active you'll need to choose your savings products within three working days of your money clearing into the cash hub. Any longer and we have to return your money to you. This only applies to money held in the cash hub. For more details please see our FAQs.
Protecting your savings
All our partner banks are authorised by the Prudential Regulation Authority (PRA), regulated by the Financial Conduct Authority (FCA), and are covered by the Financial Services Compensation Scheme (FSCS). Money in the cash hub is covered under Barclays’ licence.
This means that your eligible deposits with our partner banks are covered up to £85,000 per banking licence under FSCS. Any deposits you hold over £85,000 are not likely to be covered.
Saving more than £85,000?
Be aware, the £85,000 limit applies to the combined amount in all products held under a single banking licence – not per savings product. So, if you hold all your savings in several products from one of our partner banks, then you are only covered for up to £85,000.
However if, for example, you save with two banks with different banking licences, you can save up to £85,000 with each for total FSCS cover of up to £170,000.
Money held outside Active Savings
Any money you have outside Active Savings (including any cash held in your other HL accounts) will count towards your overall FSCS limit under those firms’ banking licences, so please consider your total savings held with each institution.
Check which banks share licences
Some banks and building societies share banking licences. Deposits with brands under the same banking licence are protected up to £85,000 in total – not per brand. A list of bank and building society brands under the same banking licence can be viewed here. All banks and building societies on Active Savings have individual licences.
For more information, please refer to our FAQs or visit the FSCS website and read the FSCS Compensation Scheme leaflet.
What is the Financial Services Compensation Scheme (FSCS)?
FSCS can pay compensation to consumers in the unlikely event a financial services firm they save or invest with stops trading. For banks and building societies the compensation limit for eligible deposits is £85,000 per banking licence.
Frequently asked questions
Your questions about Active Savings answered, including how to manage your savings, how savings are taxed, and more about how savings are protected under FSCS.
Opening an Active Savings Account
- What is a fixed term deposit?
- What is the cash hub?
- Do any partner bank savings products have teaser rates?
- What if I change my mind about committing to a fixed term product?
- Who is eligible to open an account?
- Can I open an Active Savings Account without choosing a product?
- What type of savings products can I access through Active Savings?
- Can I apply for a joint account, or an account for a child?
- Can I save in an ISA or SIPP?
- What is the minimum amount I can open an Active Savings Account with?
- Do you offer easy access savings?
- Is there a limit to the number of products I can have within my Active Savings Account?
Managing your savings
- How can I access my Active Savings Account?
- How do I open a new product?
- Why must I choose my products within three working days of money arriving in the cash hub?
- How will I know what products are available?
- How do I set up a Nominated Bank Account?
- How secure is my Active Savings Account?
- What is a Faster Payment?
- How will I be able to stay up to date with my savings?
- What happens at the end of a fixed term?
- How long does it take for payments to clear into/from my Active Savings Account?
- How do I withdraw my savings?
- Can I access my Active Savings Account through your smartphone app?
- Can I withdraw from a fixed term deposit before the end date?
- Can I create a savings portfolio?
- How do I access my Active Savings Account if I’ve forgotten my log in details?
Interest payments, charges and tax
FSCS
Register for future access to Active Savings
Access to Active Savings is currently limited, so we can’t offer it to everyone yet. Register below and you’ll be among the first to know when we have more capacity available.
Please correct the following errors before you continue:
Hargreaves Lansdown PLC group companies will usually send you further information by post and/or email about our products and services. If you would prefer not to receive this, please do let us know. Your personal data will remain confidential, and will never be passed to any other company, unless required by law.
Open your Active Savings Account
- Declaration
- Open your Account
- Savings choice
- Account settings