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A simple way to boost your cash, and get a £25 bonus

How Active Savings can help you manage your cash more effectively, plus how you can get a £25 welcome bonus (terms apply).

Important notes

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

Cash. It’s important for everyone to have, but not that easy to earn great returns.

The average saver is earning just 0.42%, including unconditional bonuses. And with inflation running at 1.5%, your money will be losing value in the long term.

So how can you boost your savings?

Sure, you could constantly chase the best rates, regularly opening savings accounts with new providers. You might be able to get a better rate, but you’d have to fill in new application forms each time and prove your identity. Would it be worth the time and effort?

Wouldn’t it be good if there was an easier way to manage your savings whilst still getting great rates? Thankfully there is, and you could get a £25 bonus for joining (terms apply – see below).

Make more of your cash

Active Savings lets you pick and mix easy access and fixed-term savings from a range of different banking partners, all through the convenience of one online account.

You can currently get 1.20% (AER/Gross*) on an easy access savings, far above the average high street bank. On a savings balance of £10,000 that’s £78 more interest per year.

See what difference a new rate could do for your savings with our handy calculator

You can even get more if you’re happy to consider fixed-term savings. With fixed-term products you’ll usually get a better rate than instant or easy access but won’t have access to your cash until the product matures. For example, we currently have a product offering 2.00% (AER/Gross*), although your money will be locked away for 3 years.

Once you’re set up with Active Savings you can move money from bank to bank with just a few clicks, and no more paperwork, so you can keep your money working hard without the hassle.

This article aims to help you make informed decisions but isn’t personal advice. If you’re not sure if a savings product is right for you, please seek advice. Remember inflation reduces the future spending power of cash.

Get a £25 bonus for opening an account and depositing £5,000

All you need to do is open an account by 6 December, then add £5,000 or more with a debit card and choose your savings products within 60 days. We’ll then pay you a £25 cash bonus. Terms apply – please see below.

Make more of your cash with Active Savings, and get your £25 bonus.

Discover Active Savings

Rates quoted are correct as of 29 November and can be withdrawn at any time.

*AER (Annual Equivalent Rate) shows what the interest rate would be if interest was paid and compounded once each year. It helps you compare the interest rates on different savings products.

Gross means the interest rate without any tax deducted. Interest is paid gross. You are responsible for paying any tax due on interest that exceeds your Personal Savings Allowance to HM Revenue & Customs.

Expected profit rate – Islamic banks offer an expected profit rate, rather than interest on their savings products, in order to comply with Sharia banking principles.

Terms & Conditions of the £25 offer

1. This offer is available to anyone who opens a new Active Savings Account between 22 November and 6 December 2019 inclusive (“the Offer Period”).

2. To qualify for the offer, you’ll need to have funded your account with at least £5,000 by debit card, and to subsequently have instructed us to add at least £5,000 to one or more savings products. Both of these actions must have been taken within 60 days of the opening of the account to qualify. For the avoidance of doubt you can open an account with a minimum of £1 and still qualify for the offer, provided that your account has been topped up to a balance of at least £5,000 within 60 days of the opening of the account.

3. If you open an account within the Offer Period and also satisfy the criteria listed in clause 2, we will credit the cash hub in your account with £25 within 10 working days. We’ll notify you by email once the £25 has been added.

4. We reserve the right to reclaim the £25 if the overall balance of your Active Savings Account drops below £5,000 within 6 months of the date of the opening of the account. We will notify you if we intend to reclaim the £25, and will claim it within 7 working days.

5. We reserve the right to amend, extend or withdraw this offer if necessary, including for legal or regulatory reasons or otherwise. If the offer closes early, all qualifying applications received up until this time will still be accepted. Details of any such amendment, extension or withdrawal will be posted on our website.

6. This offer is not available to anyone who already has an Active Savings Account open.

7. This offer cannot be used in conjunction with any other offer.

8. You must not be an employee of, or any such employee’s immediate family or household of any Hargreaves Lansdown Group company.

9. This offer is limited to one payment of £25 per client.

10. This offer will be governed by English law and, in participating, you submit to the jurisdiction of the English courts.

11. References in these terms and conditions to “Hargreaves Lansdown”, “our”, “us” or “we” are to Hargreaves Lansdown Savings Limited (company number 08355960), authorised and regulated by the Financial Conduct Authority (FCA Register number 751996), whose registered office is at 1 College Square South, Anchor Road, Bristol, BS1 5HL. References to the “Hargreaves Lansdown Group” are to Hargreaves Lansdown plc (company number 02122142) and its subsidiaries from time to 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).

Important notes

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

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