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Savings calculator

How much better off could you be?
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.

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.

Out of the savers we surveyed 37% have never switched their savings*
*HL Survey, September 2021, 2,039 nationally representative respondents.

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.

£
years
%
%

The difference the new rate could make to your savings £0
Total savings value with current rate £0
Total savings value with new rate £0
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

0.85% | 0.85%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

1 year

2.20% | 2.20%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

2 years

2.50% | 2.50%
(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

0.85% | 0.85%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

1 year

2.20% | 2.20%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

2 years

2.50% | 2.50%
(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

1.60% | 1.60%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

9 months

2.05% | 2.05%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

18 months

2.35% | 2.35%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

5 years

2.80% | 2.80%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

6 months

1.60% | 1.60%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

9 months

2.05% | 2.05%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

18 months

2.35% | 2.35%
(AER | Gross)

Market leading Sharia rate
Market leading interest rate

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.

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.

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.

All accounts in one place.

MR FARLEY, Surrey

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

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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.