Active Savings Account
Access great savings rates from multiple banks.
All through one online account.
Revolutionise the way you save
Through one online account, you can hold savings from multiple banks and building societies.
Take the hassle out of earning interest
Forget the faff of multiple savings accounts and logins. Move cash between banks and savings products in minutes. All through a single login.
Options to keep your cash working
If your fixed rate is maturing, we'll keep you updated on your options to earn more interest. As well as the best rates on the platform.
Some of the best rates on offer
Easy access
Pays a variable interest rate. Withdraw money at any time - it usually takes 1 working day.
Limited access
Pays a variable interest rate. Limited number of money withdrawals without penalty.
Fixed rate
Pays a fixed interest rate for the length of the term. Withdraw money at the end of the term.
Easy access
4.75% | 4.65%
(AER
|
Gross)
1 year
5.16% | 5.16%
(AER
|
Gross)
6 months
5.17% | 5.10%
(AER
|
Gross)
2 years
4.95% | 4.95%
(AER
|
Gross)
Easy access
4.75% | 4.65%
(AER
|
Gross)
6 Months
5.17% | 5.10%
(AER
|
Gross)
1 year
5.16% | 5.16%
(AER
|
Gross)
2 years
4.95% | 4.95%
(AER
|
Gross)
Source for market leading rates: Moneyfacts, 13 Mar 2024 at 9:01am. Please note products can be added or withdrawn at any time.
When your money is in a savings product through Active Savings, it’s held by that bank or building society. If they were to fail, the FSCS will protect eligible deposits up to £85,000 per banking licence.
Log in to your Active Savings account
Open an Active Savings account
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.
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 means the 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.
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. Once you have opened a fixed term product the rate won't change, but rates on easy access products can vary.
Gross means the 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. Tax treatment can change. Once you have opened a fixed term product the rate won't change, but rates on easy access products can vary.
If you are considering adding money to this savings product, please ensure you have opened an Active Savings Account and given us your instructions before the application deadline.
The savings of private individuals held with authorised banks and building societies are covered under FSCS. All of our partner banks are authorised by the Prudential Regulation Authority (PRA) and covered under FSCS.
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. Once you have opened a fixed term product the rate won't change, but rates on easy access products can vary.
Gross means the 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. Tax treatment can change.
Trusted with over £10 billion of our client's cash savings
Great rates
Great rates
Pick and mix between consistently competitive easy access and fixed rate savings.
Multiple banks
Multiple banks
Choose rates from our wealth of banking partners and spend less time shopping around.
Cashback
Cashback
Cashback offer. Act by 12 June 2024 and get £10 to £100 cashback - terms below.
Tax and your Personal Savings Allowance
You could earn up to £1,000 of interest tax free, depending on which income tax band you're in. This is known as your Personal Savings Allowance.
Interest you earn over your allowance could be subject to income tax. Benefits depend on individual circumstances and rules can change.
All interest paid into your Active Savings account is paid without tax deducted, and counts towards your Personal Savings Allowance.
Grow your savings free of charge
We do not charge any set-up, annual, or exit fees for Active Savings Accounts.
Instead, we charge our banking partners who pay us a percentage fee for every product they may have on our platform.
This means the same or similar products offered directly by the banks and building societies may have different rates to those available on Active Savings.
Our banking partners
Active
Savings
Cashback
To qualify, you must register for the offer and open a new Active Savings account by 12 June 2024. You'll then have 60 days to add at least £5,000 by debit card or Pay by Bank and deposit this into one or more savings products.
Active
Savings
CashBack
To qualify, you must register for the offer and open a new Active Savings account by 12 June 2024. You’ll then have 60 days to add at least £5,000 by debit card of Pay by Bank and deposit this into one or more savings products.
Existing HL clients with an investment account still need to register for this offer.
You will not be eligible for the offer if you already have an Active Savings account – this includes accounts with no money in them. .
| You save | Your cashback |
|---|---|
| £5,000 - £9,999 | £10 |
| £10,000 - £19,999 | £20 |
| £20,000 - £29,999 | £30 |
| £30,000 - £49,999 | £40 |
| £50,000 - £79,999 | £50 |
| £80,000 or more | £100 |
Important - Please enter your full name and correct email address. These details will need to match the details on the new Active Savings account you set up, or those on your existing HL account if you’re already a client. If the details do not match, your cashback payment may not be made automatically.
All emails relating to this initiative are classed as general marketing. By filling out this form you are signing up for emails relating to the cashback offer and other relevant marketing we believe might be of interest to you. We explain how we use your data in our Privacy Policy.
If you would like to amend your marketing preferences or unsubscribe, you can do so by clicking ‘unsubscribe’ on any of our emails, once logged in to your account, or by calling our helpdesk on 0117 900 9000.
Step 1
Register for the cashback.
- Updates on the best available rates
- Reminders when the offer is closing
First you need to confirm you are not an Active Savings client by ticking the box below, then complete your details to register.
Thank you for registering for our latest cashback offer. You should receive a confirmation email shortly.
There was a problem signing up.
Please contact us for help.
Step 2
Open a new Active Savings account by 12 June 2024.
You then have up to 60 days to top up at least £5,000 by debit card or Pay by Bank and deposit this into one or more products.
Receive your cashback to your Active Savings account within a month of qualifying.
Important - Please enter your full name and correct email address. These details will need to match the details on the new Active Savings account you set up, or those on your existing HL account if you’re already a client. If the details do not match, your cashback payment may not be made automatically.
All emails relating to this initiative are classed as general marketing. By filling out this form you are signing up for emails relating to the cashback offer and other relevant marketing we believe might be of interest to you. We explain how we use your data in our Privacy Policy.
If you would like to amend your marketing preferences or unsubscribe, you can do so by clicking ‘unsubscribe’ on any of our emails, once logged in to your account, or by calling our helpdesk on 0117 900 9000.
Protecting your money
FSCS protected
Money held with one of our banking partners is covered by the Financial Services Compensation Scheme (FSCS). The FSCS will protect your deposits up to £85,000 if the banking partner fails. This limit is per banking licence.
Safeguarding
Money not in a savings product is held by Barclays Bank. Your money is protected under Financial Conduct Authority (FCA) safeguarding rules if HL were to fail and under the FSCS if Barclays were to fail.
How it works
- Add your money to the Active Savings Account.
- Choose as many products as you like from our different banking partners.
- Spread your money across the products.
- Withdraw your money or select a new product to save into.
Ready to get started?
Open an Active Savings Account. Deposit your cash and watch your savings grow.
Active Savings Account or Cash ISA?
Not sure what's right for you? Read more about our accounts and learn about differences in tax treatments, contribution limits and access to cash.
Insights
Guides and Tools
We've pulled together everything you need to know to make the most from your savings.
Frequently asked questions
If you've got a more detailed question that hasn't been answered in our pages, take a look through our FAQs.
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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).