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Cash ISA

0.30%
AER/Tax-free

A new way to save with Active Savings

Transform your tax-free savings

Apply for a Cash ISA Top up or choose a product

Important information - Active Savings helps you make your own decisions and is not personal advice. Easy access products allow access after one working day. Fixed term products generally only allow access to funds at maturity. Inflation reduces the future spending power of money. Tax rules for ISA can change and their benefits depend on their personal circumstances.

A new Cash ISA

Save free from UK income tax with a different type of Cash ISA. It’s only available to Active Savings clients at the moment, so you have exclusive access.

You can open your Cash ISA today with a 0.30% (AER/Tax-free) easy access product from Coventry Building Society, but there’s more to come. It’ll work just like your Active Savings Account.

Once available, you’ll be able to pick and mix different savings products from a range of banks and building societies, all through one Cash ISA. Transfers from other ISAs aren’t available yet, but we’ll let you know when they are.

You’ll be able to choose as many Cash ISA products as you like, as long as you don’t exceed your ISA allowance (£20,000 for 2021/22 tax year). It could be the only Cash ISA you’ll ever need.

A new Cash ISA

Save free from UK income tax with a different type of Cash ISA. It’s only available to Active Savings clients at the moment.

You can open your Cash ISA today with a 0.30% (AER/Tax-free) easy access product from Coventry Building Society, but there’s more to come. It’ll work just like Active Savings.

Once available, you’ll be able to pick and mix different savings products from a range of banks and building societies, all through one Cash ISA. Transfers from other ISAs aren’t available yet, but we’ll let you know when they are.

You’ll be able to choose as many Cash ISA products as you like, as long as you don’t exceed your ISA allowance (£20,000 for 2021/22 tax year). It could be the only Cash ISA you’ll ever need.

What is a Cash ISA?

It’s a tax-efficient way to save - unlike other savings accounts, all interest earnt within a Cash ISA is free from UK income tax.

Tax rules for ISAs can change and their benefits depend on your circumstances.

More about ISAs

This is just the start

We’ll bring you more choice and functionality, just like your Active Savings account. Including:

We’ll bring you more choice and functionality. Including:

  • More banks and building societies
  • Fixed term, notice and limited access products
  • Transfer from ISAs held elsewhere
  • Transfer from the HL Stocks and Shares ISA

Don’t miss out. Once everything’s available you’ll have much more flexibility than a typical Cash ISA. Register for our Cash ISA priority alerts now so you’re one of the first to know.

Register for Cash ISA priority alerts

Available Cash ISA products

The Cash ISA works in a similar way to your Active Savings account. When you apply you’ll set up a Cash ISA and then add money to your first savings product to open your Cash ISA. Products available can be added or withdrawn at any time. Minimum deposit requirements apply to individual products.

When you apply, you’ll set up a Cash ISA and then add money to your first savings product to open your Cash ISA. Products available can be added or withdrawn at any time. Minimum deposit requirements apply to individual products.

AER (Annual Equivalent Rate) shows what the interest rate would be if it was paid and compounded once each year. It helps you compare the rates on different savings products.

Tax-free: Interest in the Cash ISA is paid free of UK income tax. Tax rules can change.

Fixed term products pay a fixed rate and easy access products pay a variable rate.

How it works

Our Cash ISA has been built to work just like Active Savings. You’ll hold your Cash ISA with Hargreaves Lansdown. But you’ll then have access to a range of Cash ISA products from lots of banks and building societies, once they’re available.

  • No hassle
    Move your money between different products with different banks in just a few clicks online.
  • Easy to manage
    You’ll see everything side by side in your online account. If you have other Hargreaves Lansdown accounts, you’ll see them all together in one place.
  • More freedom and choice
    Split your money across different types of Cash ISA products from different banks and building societies. You won’t find this anywhere else.

How much can I save into a Cash ISA?

Each tax year (6 April to 5 April) there’s a limited amount of money you can put in ISAs. This tax year the ISA allowance is £20,000. You can split your allowance between different types of ISAs as long as you don’t exceed the total allowance across them all. However you can’t subscribe to more than one of each type of ISA each tax year. The maximum you can put into a Lifetime ISA (LISA) is £4,000 each tax year.

Cash ISA charges

We don’t charge you directly to have a Cash ISA, instead we charge our banking partners. This means the same or similar products offered directly by the banks and building societies may have different interest rates to those available through the HL Cash ISA.

Who is my money with and is it protected?

When your money is in a savings product within the HL Cash ISA, your money is with the bank that provides that product. All banks offering products through the HL Cash ISA are covered by the Financial Services Compensation Scheme (FSCS), up to a maximum of £85,000.

The £85,000 limit applies to all eligible deposits you have with that bank under their banking licence – across your Cash ISA and any other accounts held elsewhere. None of our banking partners share a licence with each other. All money coming in and going out of your Cash ISA goes through a transaction account, currently held with Barclays, and is covered under their banking licence until it’s cleared. Find out more about FSCS protection on their website.

Get started with your Cash ISA

Apply now

How can a Cash ISA help to save tax?

If you have normal savings accounts, you may have to pay tax on the interest you earn. This will depend on the Personal Savings Allowance, which allows you to earn up to £1,000 interest per year without paying tax. Your individual allowance will depend on which income tax band you’re in. Scottish taxpayers should also use the UK tax bands for working out their Personal Savings Allowance.

Basic rate tax payers can earn £1,000 without paying tax. For higher rate tax payers it's £500, and it's £0 if you’re an additional rate tax payer. Low earners may be able to earn more interest without paying income tax on it.

All interest you earn within a Cash ISA is free from UK income tax.

How do I add and withdraw money?

You can only add money via your Active Savings Account. To add money to your Cash ISA, add it to your Active Savings cash hub first.

Withdrawing is easy and can be done in a few clicks online. You can choose to withdraw to the cash hub of your Active Savings Account or directly to your nominated bank account.

When you withdraw money from your Cash ISA it’ll go via a transaction account which is held by Barclays. Please remember that when withdrawing money from your Cash ISA it’ll lose its ISA status and can’t be replaced without counting as a new subscription.

Tell us what you think

We’re always glad to receive your feedback. Let us know what you think, by completing our Cash ISA survey.

Want to transfer an existing Cash ISA?

We know that the ability to transfer another ISA is important, so we’re working hard to add this functionality. Sign up to our alerts to be told as soon as it’s launched.

Sign up to alerts

Apply now

Frequently asked questions


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).