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Get your savings working harder for a share of £4 billion

Learn how Active Savings could give your savings a boost.

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 in easy access savings earns interest of just 0.42% on average (excluding temporary bonuses).

UK savers hold £746 billion in these types of accounts. They would be £4 billion better off every year, by moving to accounts paying 1% interest or more.

Sticking with the high street comes at a cost

The biggest and best-known banks in the UK pay some of the lowest rates on their instant access savings accounts. It might feel sensible to save with the same bank you use for your current account. In reality, you’ll often miss out on much better returns.

Bank Instant access savings rate (AER/Gross)
Barclays 0.25%
HSBC 0.15%
Lloyds 0.20%
Natwest 0.20%
RBS 0.20%
Santander 0.35%

Based on £10,000 deposited, correct as at 06/08/19. These accounts allow you to instantly withdraw your money at any time, with Active Savings withdrawals from easy access products usually take one working day.


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.

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.

Earning more interest on your cash is now simple with our Active Savings service. It lets you pick and mix savings products from a range of banks and building societies, all through the convenience of one online account.

You can earn 1.2% AER (1.19% gross) on easy access savings, and up to 2.2% AER/Gross if you can lock away your savings for three years. Once you have opened a fixed term product the rate won't change, but rates on easy access products can vary. As Active Savings is a live market place, products can be added and withdrawn at any time, but you can keep up to date by signing up to our savings alerts.

It’s quick and easy to get started with Active Savings. It’s one short online application. Once your account’s opened, you’ll never need to fill in another form when choosing new savings products.

Discover Active Savings

What’s your savings plan?

Because spreading your money around is so simple with Active Savings, you can make much more of your cash – you just need a strategy. And this doesn’t need to be complicated.

For most people, it starts with a rainy day fund. Financial planners generally suggest between three and six months’ worth of income in easy access savings to cover any unexpected expenses.

For other savings, you could look at fixed-term products, these typically give more generous rates, as long as you’re happy to tie up your money until the term ends. Spreading your savings across fixed terms of different lengths is an easy way to boost your overall returns, and you could stagger the end dates if you need your money to come back regularly.

3 reasons to get started with Active Savings

  • Take the hassle out of earning better rates on your cash.
  • One username and password to manage all of your savings with HL
  • No need to prove who you are when switching your money to a product with a new bank or building society.

So why not find out more and join Active Savings today, and improve the way you save, for the better?

This article is aimed to help you make informed decisions but it 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.

Discover Active Savings

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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