How your savings
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.
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 Barclay’s 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.
What is the Financial Services Compensation Scheme?
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.
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 bank 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. View a list of bank and building society brands under the same banking licence. All banks and building societies on Active Savings have individual licences.
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 by the Financial Conduct Authority under the Payment Services Regulations 2017 with firm reference 751996 for the provision of payment services. Hargreaves Lansdown Asset Management Limited and Hargreaves Lansdown Savings Limited are wholly owned subsidiaries of Hargreaves Lansdown plc (company number 2122142).
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.