Savings calculator
How much better off could you be?Do you know what rates you're getting on your savings?
Have you switched your savings recently?
If you don't, and you haven't, you're not alone. According to our research 37% of all savers have never switched their savings. Almost half don't even know what rate they're getting.*
But this is costing savers dearly.
Latest figures from the Bank of England for 31 March 2022 suggest the average instant access savings rate is just 0.15% (including "unconditional bonuses").
Find out how much better off you could be with our savings calculator.
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.
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.
Easy access
0.85% | 0.85%
(AER
|
Gross)
1 year
2.20% | 2.20%
(AER
|
Gross)
2 years
2.50% | 2.50%
(AER
|
Gross)
3 years
2.60% | 2.60%
(AER
|
Gross)
Easy access
0.85% | 0.85%
(AER
|
Gross)
1 year
2.20% | 2.20%
(AER
|
Gross)
2 years
2.50% | 2.50%
(AER
|
Gross)
3 years
2.60% | 2.60%
(AER
|
Gross)
6 months
1.60% | 1.60%
(AER
|
Gross)
9 months
2.05% | 2.05%
(AER
|
Gross)
18 months
2.35% | 2.35%
(AER
|
Gross)
5 years
2.80% | 2.80%
(AER
|
Gross)
6 months
1.60% | 1.60%
(AER
|
Gross)
9 months
2.05% | 2.05%
(AER
|
Gross)
18 months
2.35% | 2.35%
(AER
|
Gross)
5 years
2.80% | 2.80%
(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, 17 May 2022 at 8:52am. Please note products can be added or withdrawn at any time.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.
Log in to your Active Savings account
Open an Active Savings account
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.
Improve your savings 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.
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).
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.