Skip to main content
  • Register
  • Help
  • Contact us
  • Log out of your HL account

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 40% 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 September 2019 suggest the average instant access savings rate is just 0.42% (including "unconditional bonuses").

Find out how much better off you could be with our savings calculator.

Out of the savers we surveyed 40% have never switched their savings*
*HL Survey, October 2018, 2,008 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

Active Savings latest rates

Easy access

Up to
1.20% | 1.19%
(AER | Gross)

Up to 3 months

Up to
1.41% | 1.40%
(AER | Gross)

Up to 6 months

Up to
1.50% | 1.50%
(AER | Gross)

Up to 1 year

Up to
1.90% | 1.90%
(AER | Gross)

Up to 3 years

Up to
1.90% | 1.90%
(AER | Gross)

Up to 5 years

Up to
Not available
(AER | Gross)

Easy access

Up to
1.20% | 1.19%
(AER | Gross)

Up to 3 months

Up to
1.41% | 1.40%
(AER | Gross)

Up to 1 year

Up to
1.90% | 1.90%
(AER | Gross)

Up to 3 years

Up to
1.90% | 1.90%
(AER | Gross)

Please note, products can be added or withdrawn at any time.

What do AER and Gross mean?

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

The interest 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.

Rates may be subject to change and depend on individual circumstances.

Improve your savings in three easy steps

Step 1

Open an Active Savings account

With as little as £1. Use your debit card, or transfer from your HL Fund and Share Account.

Step 2

Choose your savings products

From easy access and fixed term savings to start earning interest from our banking partners.

Step 3

Manage with no hassle

With just a few clicks, you can move your cash around the available savings products.

AER 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 is the interest 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.

Some banks offer a high introductory or bonus rate which drops to a much lower rate after a short period of 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 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).