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  • How our clients are using Active Savings - in their own words

    Find out how our clients are using Active Savings to improve the way they save.

    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.

    According to the Bank of England the average instant access savings account pays just 0.43%, and some of the lowest rates are paid by some of the best known banks in the UK.

    With our new Active Savings service earning a better rate on your cash is simple. You’re free to pick and choose easy access and fixed term savings from a range of banks and building societies, all through the convenience of one online account. You'll have just one set of log in details to remember to manage all your savings with HL, and once you're set up there are no forms and no paperwork when you want to move your savings around.

    Find out how to get better savings returns

    We recently spoke to two of our clients, to find out how they’re using Active Savings to improve the way they save.

    Being able to manage everything together was really appealing

    Mr Gutai from Swansea uses Active Savings to make it easy to manage his family’s cash, all through one log in.

    "I first heard about Active Savings from an email you sent me and thought it sounded like a great way to manage cash for my family. I look after finances for myself and also my wife and mother, so being able to manage everything together was really appealing.

    I sold a buy-to-let property about six months ago and have been looking for a good home to keep the cash proceeds. Longer term I plan to invest some of this money in an ISA, but for now I want to keep it accessible. I wasn’t too keen on opening various savings accounts with different banks as it seemed like a lot of hassle, if it hadn’t been for Active Savings I‘m not sure I would have got around to doing anything with this money.

    With interest rates so low at the moment cash is very much on the side lines, but I wanted to make sure that my money was working harder to offset the effects of inflation. As and when rates start to rise I think I will use fixed term savings more as it will be easier to earn a rate that’s well above the rate of inflation.

    Cash is really important as a safe haven, especially when things are looking a bit more uncertain. I tend to have more in cash for my Mum, but it plays an important role for my wife and I as well.

    I found it really easy to get started with Active Savings, it only took a few minutes to get everything set up. And I really like that I can manage mine, my wife’s and my mother’s savings through one log in using your linked accounts facility."

    I think it’s a great new simple and logical way to save.

    Mr Melville from East Sussex likes Active Savings because it’s simple to use and helping him build up his savings to buy his first home.

    "I’m currently a student studying for a Masters degree and looking to build up my savings. My main goal is to save a deposit to buy my first house, but I also want to ensure I have a cash buffer in case of an emergency like my car breaking down.

    I already have a Lifetime ISA with you, and I first read about Active Savings on your website. When I read about it I thought it made sense as an easy way to get a good return on my savings. I also saw it recommended via moneysavingexpert.

    Previously I had my savings with Santander and they were earning less than 0.5%. I’d looked at moving my savings to another bank but there seemed to be a lot of hurdles to jump and it didn’t seem worth the effort. It was really simple to apply for Active Savings and get started. Everything was sorted out online in a few minutes.

    I really like that Active Savings is so easy to use: it’s simple to compare products and rates, and it’s integrated into the HL platform so I can manage my savings alongside my investments. It offers a good medium term solution for money I don’t need right now, but some of which I might want to invest via my Lifetime ISA in future.

    I’m planning to add more money to my Active Savings Account in future, and have already recommended it to friends and family. I think it’s a great new simple and logical way to save."

    Take control of your cash today

    Over 13,000 savers fed up with disappointing rates and the hassle of opening new accounts now use Active Savings to manage their cash and get better returns.

    See what Mr Neale from Bristol had to say about opening an Active Savings Account.

    If you're ready to take control of your savings, why not join Active Savings today and improve the way you save, for the better? You can get started today in a few minutes.

    This article is provided 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.

    Improve how you save

    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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