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How our savings service works

How it
works

Cashback Available now when you save
Terms apply

Cashback
Available

We do the hard work so you don’t have to

Open an Active Savings Account View latest rates

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.

With Active Savings, you’ll no longer have the hassle of opening, closing and transferring your savings between different banks and building societies.

Once your account is open, you can pick and mix savings products from a range of banks and building societies, without ever having to fill in another form.

There are a range of products and terms to choose from, and you can have as many as you like.

See the difference a new rate could make to your cash with our savings calculator.

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

Benefits of Active Savings

  • Easy to manage
    Give us our instructions online in minutes to return your money to the cash hub. You can move your money out of easy access whenever you like but please note you can’t access fixed term savings until they mature.
  • 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 interest rates to those available on Active Savings.
  • No hassle and no identity checks
    Move your savings around with just a few clicks and you'll never have to fill in any forms. You'll get monthly statements and an annual tax summary.
  • Keep your savings secure
    Your money is protected either through the Financial Services Compensation Scheme, or the FCA’s safeguarding rules. Read more about protection of your money.
0.15% 0.58% 1.23% 1.24%

The best rates on Active Savings

Pick and mix savings products from a range of banks and building societies, offering competitive rates, all through Active Savings from Hargreaves Lansdown.

Market leading Sharia rate
Market leading interest rate

Easy access

1.11% | 1.10%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

1 year

2.25% | 2.25%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

2 years

2.55% | 2.55%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

3 years

2.60% | 2.60%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

Easy access

1.11% | 1.10%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

1 year

2.25% | 2.25%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

2 years

2.55% | 2.55%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

3 years

2.60% | 2.60%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

6 months

1.75% | 1.75%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

9 months

1.9% | 1.9%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

18 months

2.40% | 2.40%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

5 years

2.70% | 2.70%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

6 months

1.75% | 1.75%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

9 months

1.9% | 1.9%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

18 months

2.40% | 2.40%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

5 years

2.70% | 2.70%
(AER | Gross)

Minimum deposit requirements apply to individual products. With fixed term savings you can’t usually withdraw your money until the term has ended.

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. Some of these rates may be offered by Islamic Banks which offer an expected profit rate rather than interest. More on Sharia savings.

Source for market average rates: Bank of England, 31 March 2022. Source for market leading rates: Moneyfacts, 25 May 2022 at 8:46am. Please note products can be added or withdrawn at any time. Easy access products pay a variable rate and fixed term products pay a fixed 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

See all our latest rates

Log in to your Active Savings account

Open an Active Savings account

Discover Active Savings

See all our latest rates

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.

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.

Bank of London and The Middle East plc operates under Islamic Finance principles and do not offer interest on their products, instead they pay an expected profit rate. Find out more about Sharia banking.

Get saving in three easy steps

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.

What is the cash hub?

We are authorised by the Financial Conduct Authority (FCA) as an electronic money institution, which means we must treat your money in a certain way.

  • All money coming in and going out of your Active Savings Account goes through the cash hub.
  • The cash hub is a segregated bank account, currently held with Barclays Bank plc, where your money will be safeguarded by us until you choose what to do with it. You won’t earn any interest on money held in the cash hub.
  • Money in the cash hub is either protected through the FCA’s safeguarding rules if we (Hargreaves Lansdown Savings Ltd) were to fail, or the Financial Services Compensation Scheme (FSCS), if Barclays were to fail. Read more about how your money is protected.
  • When we receive your money into the cash hub, we’ll immediately issue your Active Savings Account with the same amount of electronic money (e-money) so you can put it into a savings product or withdraw it.
  • E-money is simply an electronic monetary value, equal to your money held in the cash hub, which we are authorised by the FCA to hold on your behalf.
  • You won’t earn any interest until you add your e-money to savings products. If you haven’t done this within 30 working days of the e-money being issued, we may return your money to you. We’ll let you know if we do.

All money coming in and out of Active Savings goes through the cash hub, where it earns 0.0% interest. It is where your money is held before you choose a product and where your savings and interest are paid when your fixed term ends.

It takes all the hard work out of finding better rates.

MRS EDWARDS, Hampshire

Savings Insights

Savings account basics
Read Now


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.


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).