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HL Cash ISA

Cash ISA

Cash ISA


Up to 4.80% *AER/Tax-free

Apply for a Cash ISA

Top up or choose a product

Important information - The information on this page is to help you make your own decisions and is not personal advice. Inflation reduces the future spending power of money. Tax rules for ISAs can change and their benefits depend on your personal circumstances.

The HL Cash ISA

You'll hold your Cash ISA with HL, but through one online account choose your savings products from Coventry Building Society.

In a single tax year, you can spread your ISA allowance across easy access, limited access and fixed term products (when available).

What is a Cash ISA?

It’s a tax-efficient way to save. All interest earned within a Cash ISA is free from UK income tax. If you have a standard savings account, you may have to pay tax on the interest you earn.

Find out more

Latest Cash ISA rates

After setting up your HL Cash ISA account, you need to make a deposit into a savings product to officially open the Cash ISA. Products can be added or withdrawn at any time.

Withdrawals from easy and limited access usually take one working day. You can't usually withdraw your money from a fixed rate product until the term ends.

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

Tax-free: Interest in the Cash ISA is paid free of UK income tax. Tax rules can change.

Easy and limited access products pay a variable rate.

Fixed term products pay a fixed rate.

Save up to £20,000 this tax year

How much can I save in a Cash ISA?

There’s a limited amount of money you can put into ISAs each tax year (6 April – 5 April). This year (2023/2024) the ISA allowance is £20,000.

You can split your allowance across Stocks and Shares, Cash, Lifetime, and Innovative Finance ISAs as long as you don’t exceed the total allowance across them all each tax year. However you can’t subscribe to more than one of each type of ISA account each tax year.

Tax rules for ISAs can change and their benefits depend on your circumstances.

What's my allowance?

How can a Cash ISA help you save tax?

All interest you earn within a Cash ISA is free from UK income tax.

If you have standard savings accounts, you may have to pay tax on the interest you earn. This will depend on your Personal Savings Allowance, which is the amount of interest you can typically earn before you start paying tax on it, and your other income.

How are savings taxed?

No charges

Cash ISA charges

We don’t charge you directly to have a Cash ISA, instead we charge our banking partners. This means the same or similar products offered directly by the banks and building societies may have different interest rates to those available through the HL Cash ISA.

Cash ISA transfers

You can:

  • Transfer from the HL Cash ISA to an HL Stocks and Shares ISA

You can't currently:

  • Transfer an HL Stocks and Shares ISA into the HL Cash ISA
  • Transfer any ISAs held elsewhere into the HL Cash ISA

Register for alerts to be the first to hear when transfers into the HL Cash ISA are available and when we welcome new banking partners to the platform, giving you even more choice.

How is money in the HL Cash ISA protected?

Money held in a savings product with a banking partner has Financial Services Compensation Scheme (FSCS) protection up to £85,000.

Money in the Cash ISA which isn't in a savings product is held in the transaction account. As Hargreaves Lansdown Savings Ltd is not a bank money in the transaction account is not covered by the FSCS. Instead it's protected under the Financial Conduct Authority's safeguarding rules.

All our banking partners are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

How we keep your money safe

FSCS Protected

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Trusted by 1.8 million clients

We're an award-winning FTSE 100 company that's regulated by the Financial Conduct Authority.

Expert knowledge and guidance

Tools and insight from our team of experts.

Ongoing support

Get ongoing support from the experts on our UK-based helpdesk.

Get started with your Cash ISA

Apply for a Cash ISA

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Help and support

If you have any questions about the HL Cash ISA, you can speak to one of our client support experts by calling 0117 980 9995.

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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).