Skip to main content
  • Register
  • Help
  • Contact us
  • Log out of your HL account
Man and woman fixing bicycle

How it
works

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's easy access and fixed term savings to choose from, and you can have as many as you like.

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
    With Active Savings there are a host of measures in place to help protect your cash. From Financial Services Compensation Scheme protection, to online encryption technology.

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

You'll need to choose your products within three days, otherwise your money will be returned to you.

What is the cash hub?

  • All money coming in and going out of your Active Savings Account goes through the cash hub
  • When money is added to the cash hub you have three working days to choose your savings product, after that we’ll return your money to you
  • You earn 0.0% interest until you add your money to savings products
  • Your money in the cash hub is held by Barclays
  • Withdrawals from easy access savings will be returned to the cash hub, and can take up to three working days
  • Interest and maturity payments from fixed term savings will be returned to the cash hub

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.


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 subsidiaries of Hargreaves Lansdown plc (company number 2122142).