Don't have time to chase the best savings rates?
People told us they didn’t. They just want consistently good returns without any stress.
So we launched Active Savings, a revolution in managing your savings. You can pick and mix savings products from a range of UK banks and building societies through one simple to use online account.
Say goodbye to the hassle of opening accounts with multiple providers – completing application forms and proving your identity each time. Just a selection of great rates from multiple banking partners, all in one place.
Interest earnt by Active Savings clients. So what could this mean for a savings pot of £35,000?
You could be £277 better off with easy access, compared to the average market rate, and £193 better off on a 1-year fix.
More choice, less hassle
The number of clients saving across multiple banks.
The number of banking partners.
The number of savings products clients have chosen from to date. View our latest rates
The number of tax certificates sent to clients in May 2019 to make their tax return easier.
The number of clients spreading their risk across providers to stay under the £85,000 FSCS limit. More on the FSCS limit
An Active Savings client is sitting in front of a camera, answering questions about the Active Savings platform and her usage of it. The questions asked appear on the screen as text, before the client comes back into view with her answer.
What appealed to you about Active Savings?
It’s about having it in one place. So I didn’t particularly want to have to go to X number of different banks and create an account with each of those and all of the documentation that you’d have to do for each of those. I didn’t need to do that.
How do you use Active Savings?
I think that in the situation I’m in at the moment, what I want to be able to do with my Active Savings, is to have different amounts of liquidity. I know that I may need X funds in a year’s time, I might need something in 3 months’ time, and it allows me to do that. So it’s great because in some of those longer terms you get a better return, and I know I don’t need that money now.
Why are you saving with more than one bank?
Really I wanted to make sure I didn’t have all of my eggs in one basket, I think it’s a cautiousness that I have in terms of making sure that I spread any risk. I didn’t feel there was a lot of risk to be honest, but equally it makes sense with the Financial Services Compensation Scheme that you limit what you put in each bank. But also each bank offers different rates.
Are you now getting better returns on your cash?
I like that I feel that I haven’t made do, and just left my money somewhere doing nothing. So I feel that I have made a sensible decision. I think it’s really good to be able to see everything in the same place. I think it allows you to see the whole picture. What I would probably say to people is make sure you don’t sit on a lump sum sat in your current account. And if I was going to say that to someone I’d definitely say to look at Hargreaves Lansdown as an option you should consider.
How would you describe Active Savings in three words?
I’d describe Active Savings as easy, trusted and flexible.
This video offers information about savings, but it is not personal advice. If you’re not sure which type of savings are right for you, please take advice. Over time, inflation could mean your money won’t stretch as far as it does today.
And there's more to come
We’re always looking to improve the service and a Cash ISA is just one addition we’re looking to bring you soon.
What difference could a new rate make to your savings?
Please note this calculator assumes the interest rate doesn’t change, no further deposits or withdrawals are made and that interest is paid and compounded once each year. It also does not take into account the different types of savings products available with Active Savings. The value of your savings will depend upon personal circumstances, the rates available and options you choose.
Open an account
Join the revolution and see how Active Savings can boost your cash. It could change the way you save, forever. And you can get started from just £1.
Inflation reduces the future spending power of money. Active Savings helps you make your own decisions and is not personal advice.
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).
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. Once you have opened a fixed term product the rate won't change, but rates on easy access products can vary.