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Could a savings portfolio boost your returns?


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.

The game has changed for cash savings

The majority of our savings are going into instant access accounts that pay almost no interest. The average account pays just 0.11%, and big high street banks pay as little as 0.01% (AER/Gross*).

There’s a better way to save.

Savvy savers are getting better returns on their cash with a portfolio of easy access and fixed term savings products. Where you can have the choice of accessing your money when you need to or locking some of it away for the future and earning more interest.

It's easier than you might think, with your Active Savings account.

And you can now try our new savings portfolio tool to see what a Savings Portfolio could look like.

High street banks offer instant access products which allow you to access your money immediately. Active Savings offers easy access products and withdrawals usually take one working day.

So what’s a Savings Portfolio?

It’s saving, built around you.

You could think about saving in the same way an investor builds their portfolio. With a mix of savings products that suit your goals and needs.

Keeping some money in an easily accessible account is sensible to cover emergencies. But it’s a missed opportunity for the rest of your cash.

Fixed term accounts usually pay higher rates than easy access accounts, although you can’t usually access your money until they end.

By having a mix of easy access, short and medium fixed-term products, you can make your money work harder around your savings goals.

Use our savings portfolio tool

A savings portfolio can give you

  • More interest
  • Access to some of your money when you’ll need it
  • An easy way to spread your money across multiple banks

What could a cash savings portfolio look like?

Use the sliders to visualise a savings portfolio.

Rates shown below are AER/GROSS/EPR.

Total savings £-

This example is based on a selection of partner bank products within Active Savings. You should choose the products that are most suitable to your own circumstances. Products are added and withdrawn all the time. The rates shown are the current range of available products for some terms, to give you an indication of how the rates can change with each product length. The rates are correct as at and are AER/Gross/EPR*.

The rates in our tool are an illustration. Log in to your account to see the best rates on Active Savings.

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.

Islamic banks offer an expected profit rate (EPR), 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.

How to create your savings portfolio with Active Savings

You can manage everything together in your Active Savings account, with a choice of easy access and fixed term savings products from different banks and building societies and find a blend that’s right for you.

You can fix from a few months, up to five years. Save with a few banks or building societies, or many. The choice is yours. You won’t get those options with big banks if you go to them directly.

Log in to your Active Savings Account

0.11% 0.28% 0.42% 0.87%

The best rates on Active Savings

Easy access

Up to
0.50% | 0.50%
(AER | Gross)

1 year

Up to
1.33% | 1.33%
(AER | Gross)

2 years

Up to
1.55% | 1.55%
(AER | Gross)

3 years

Up to
1.65% | 1.65%
(AER | Gross)

Easy access

Up to
0.50% | 0.50%
(AER | Gross)

1 year

Up to
1.33% | 1.33%
(AER | Gross)

2 years

Up to
1.55% | 1.55%
(AER | Gross)

3 years

Up to
1.65% | 1.65%
(AER | Gross)

6 months

Up to
0.80% | 0.80%
(AER | Gross)

9 months

Up to
Not available
(AER | Gross)

18 months

Up to
1.51% | 1.51%
(AER | Gross)

5 years

Up to
1.72% | 1.72%
(AER | Gross)

6 months

Up to
0.80% | 0.80%
(AER | Gross)

9 months

Up to
Not available
(AER | Gross)

18 months

Up to
1.51% | 1.51%
(AER | Gross)

5 years

Up to
1.72% | 1.72%
(AER | Gross)

Source: Bank of England 30 September 2021. 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.

Please note, products can be added or withdrawn at any time. Minimum deposit requirements apply to individual products. Fixed term products pay a fixed rate. Easy access products pay a variable 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.

Find out more about FSCS protection

*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 (EPR) - Islamic banks offer an expected profit rate rather than interest on their savings products in order to comply with Sharia banking principles.

Read more about building a savings portfolio

Download guide

Have a question?

If you have any questions about Active Savings, you can speak to one of our client support experts.

0117 980 9995

Opening hours

Monday - Friday: 8am - 5pm
Saturday: 9.30am - 12.30pm

I like to keep a mixture of products, with a variety of different terms. I know when they’ll mature and go from there.

JC, Middlesex

The way I see it is I’ve got protection from the unknowns of what rates will do in the future. I hedge my bets.

MIKE, South Yorkshire

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.

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.


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).