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Everything you need to know about easy access savings with Active Savings

Easy access savings

Cashback Available now with Active Savings
Terms apply

Cashback
Available

Everything you need to know about easy access savings

Top up your Active Savings Account

Open an Active Savings Account

Important information - Active Savings helps you make your own decisions and is not personal advice. Fixed rate products generally only allow access to your money at maturity of the term. Inflation reduces the future spending power of money.

The benefits of easy access savings through an Active Savings Account

  • You can top-up or withdraw your money at any time. But withdrawals will usually take one working day to become available in your nominated bank account.
  • You can open an easy access product from as little as £1.
  • There’s no term length, so you can keep your product open for as long as you need.
  • There’s no limit to how many easy access products you can have. You can mix and match with different banks and building societies.
  • You can get set up in minutes online with Active Savings with a single application form. Make sure you’ve read all the important information.

Easy access products pay a variable rate.

How Active Savings works

Cashback

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

Finding easy access rates through Active Savings

You can shop around for the best rates on the savings market but this can be time consuming. That’s why we created Active Savings, so competitive rates from a range of bank and building societies are all in one place. Choosing the right easy access product depends on your savings goals and the rates that are available to you at the time.

Products are added and withdrawn all the time. So keep checking the latest rates. Occasionally, our banking partners offer savings products only available to existing Active Savings clients.

Market leading rates were last checked against Moneyfacts on 20 May 2022 at 10:32am.

Please note that one of Hargreaves Lansdown’s Non-Executive Directors holds the position of Senior Independent Director at Investec Bank.

It's so easy to have all my savings in one place, with multiple providers.

MR VOISEY, South East Wales

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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.

What are easy access savings?

Easy access products allow you to deposit and withdraw your money whilst earning interest/profit at a variable rate. This means the rate can go up and down at any time. They often have fewer restrictions compared to fixed rate savings which typically offer a higher fixed rate for a set term, where you lock your money away.

With Active Savings, withdrawals from easy access typically take one working day.

This differs from instant access savings, offered by many high street banks and building societies where your money is available for you to withdraw immediately in branch, via ATM or via real-time transfer.

Find out more about fixed rate savings

How do easy access savings work?

Easy access savings allow you to top-up your savings whenever you like.

It typically takes one working day to withdraw money from Active Savings easy access savings.

Some easy access products will have minimum opening amounts, and will typically pay interest monthly.

Can interest rates on easy access savings change?

Because easy access products have variable rates, it means that the rate can fluctuate up or down. If your rate does change, we’ll give you two weeks’ notice.

If you’re interested in opening a product that guarantees you a fixed rate for a set period of time, you might want to consider fixed rate savings but you can’t withdraw your savings until the term ends.

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.

FSCS protection

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 provider are not likely to be covered. All our banking partners 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.

More about how your money is protected

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.

Transform your savings today

You can get started with Active Savings online in minutes.

Open an Active Savings Account

I chose Active Savings because of better interest rates than my usual high street bank. Not only that, but I don’t have to open any new accounts with other banks as it’s all done through HL.

MISS BALSA, London

An easy way to access a variety of saving accounts.

MR CRADDOCK, Dorset

Savings Insights

Savings account basics
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What affects savings rates?
Read Now


See our Savings Insights

Help and support

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

Contact us

Read our FAQs

Email us

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.

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.


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).