Fixed rate savings
Available now with Active Savings
Fixed rate savings are also known as fixed term savings or fixed rate bonds. They are cash savings products that typically offer a higher rate for setting your money aside for a fixed period of time, as you won’t be able to withdraw it until the term ends.
Within an Active Savings Account we refer to them as Fixed Term Savings products. And our service offers you a lot of flexibility to pick and choose what is right for you.
How fixed rate savings work with Active Savings
- There’s no limit to how many fixed rate savings products you can open. You can mix and match depending on what’s right for you, along with easy access savings.
- Fixed rate products typically give higher rates than variable rates in instant or easy access products, but your money is locked in so you won’t be able to withdraw it until the term ends.
- You’ll always know what rate you’ll get throughout the term of the product.
- 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.
- You’ll get to choose from a range of products paying competitive rates across a variety of banks and building societies, all in one online account.
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|
How to find fixed rate savings products
It can be time consuming to shop around the savings market finding the best rate for your savings goals. That’s why we created Active Savings. You can find competitive rates from a range of banks and building societies all in one place. Our banking partners often have market leading rates, meaning they’re the most competitive rate on the market for a particular term at that time.
Using Active Savings can save you time, as you can shop around for competitive rates from a range of banks and building societies all in one place.
Products are added and withdrawn all the time, so it’s important to keep checking for the latest rates available. Occasionally, our banking partners offer savings products only available to existing Active Savings clients.
Market leading rates were last checked against Moneyfacts on 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.
Active Savings is a reliable platform enabling 'one click' access to my cash savings.
MR BUSH, West Midlands
I'm looking for
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.
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 fixed rate savings?
Fixed rate savings, also called fixed term savings, give you a fixed rate for a fixed amount of time meaning your money is locked away for the length of the term.
The benefit of fixed rate savings is you usually get higher rates than easy or instant access savings which offer more flexibility when it comes to accessing your savings.
There’s often a variety of term lengths to choose from with fixed rate products. You could fix for as little as a few months up to several years with Active Savings.
Saving into fixed rate products through an Active Savings Account
When picking which fixed rate savings products to put your money into, make sure you are choosing the right length for your savings goals.
When you open your product, you usually won’t be able to top it up later, so you could think about having a savings strategy in place to make sure your savings are working in the best way for your circumstances.
We suggest keeping at least three to six months’ worth of essential expenditure in an easily accessible account. Or one to three years’ worth if you’re not working (such as in retirement).
When your term ends your money will move into your Active Savings Cash Hub unless you have chosen a default easy access product, while you decide what to do with it. It won’t be earning any interest in the cash hub, but we’ll let you know what options are available to you near the end of your term.
Open an Active Savings Account
Or log into your HL account if you're already a client. Make sure you read the important information.
Start with just £1
Add money with a debit card, or move across any uninvested cash in your Fund and Share Account.
Choose your products
Select from the range of great rates available. Minimum deposit requirements to individual products vary so please check carefully.
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.
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.
The Active Savings service makes it easy to choose the best products for me.
MR WHITE, Somerset
It's good to be able to manage investments and savings together with HL.
MR GENT, Plymouth
Savings account basics
What affects savings rates?
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.
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).