Why choose HL for your savings?

• Security - we're a FTSE-listed company, trusted by over one million clients and regulated by the Financial Conduct Authority
• Expertise - we have been helping our clients make more of their money for over 40 years
• Ease - check your savings anytime online
• Award-winning - we've won over 200 awards across the HL service, including Best for Customer Service 2022 at the Boring Money Awards
• UK-based helpdesk - speak to our friendly client support experts based near the Bristol Harbourside

Protection for added peace of mind

Each of the banking partners you save with has Financial Services Compensation Scheme (FSCS) cover up to £85,000.

Find out more about FSCS

Learn more about fixed rate bonds

• How many 1 year fixed rate bonds can I have?

  There’s no limit to how many fixed rate savings bonds you can open in an Active Savings Account. You can mix and match fixed rate products depending on what’s right for you, along with easy access savings products.

  Fixed rate products typically give higher rates than variable rates in instant or easy access products, but your money is locked in, so you usually won’t be able to withdraw it until the fixed term ends.

  You can get set up in minutes online with Active Savings with a single application form. Make sure you’ve read all the important information.

• Can I add more money into a 1 year fixed rate bond?

  With Active Savings, you can only add money to a 1 year fixed rate bond when you first add the product to your account. Your cash will then be locked away for a 1 year period.

  But that doesn’t mean you can’t keep saving – in fact, better rates may become available, and with Active Savings you have the flexibility to add as many savings products to your account as you like.

  If you’d like to continue to top up your cash savings, keep an eye on our latest savings rates – we can also send you alerts when new and market-leading rates become available.

  SIGN UP TO ALERTS

• How often do you add new savings products?

  It can be time consuming to shop around the savings market finding the best rate for your savings goals. That’s why we created Active Savings – so you can find competitive rates from a range of banks and building societies all in one place.

  To make sure we’re offering consistently competitive rates to our clients, products are added and withdrawn all the time - so it’s important to keep checking for the latest rates available. Occasionally, our banking partners offer savings products only available to existing Active Savings clients.

  COMPARE OUR LATEST SAVINGS RATES

• Can the interest rate change on a fixed rate bond?

  No - if the rate on your savings product is fixed, then it will stay the same until the product matures.

• Can I withdraw money from a fixed rate bond?

  If you have money in a fixed term product, you will need to wait until the product matures and your savings have been returned to the cash hub before they can be withdrawn.

  You won’t be able to withdraw money from fixed term products before they reach their maturity date – except for a limited number of exceptional circumstances (e.g. terminal ill health).

  If the money is settled within the cash hub it will typically be sent via faster payments, which usually complete within one working day.

• What happens once the fixed term ends?

  When your fixed term ends, your money will move into your Active Savings Cash Hub while you decide what to do with it, unless you have chosen a default easy access product. It won’t be earning any interest in the cash hub, but we’ll let you know what options are available to you near the end of your term.

  FIND OUT MORE ABOUT THE CASH HUB

• How is interest paid on fixed rate bonds with HL?

  For fixed term savings, interest is typically paid annually into the cash hub. Please see individual product summaries boxes for details.

  Please note that some products calculate interest up to and including the maturity date. This means your money will earn an extra day of interest, but it will be returned to the cash hub on the working day following maturity.

  When interest payments are made into the cash hub they can then be withdrawn or saved into a new product. Once in the cash hub any interest received will need to be added to a product within 30 working days, or it may be returned to you.

• How is my money protected?

  When you add money to a savings product, it’s held by that bank or building society. Eligible deposits are protected up to £85,000 per banking licence. Any deposits over £85,000 with the same provider are not likely to be covered. All our banking partners are authorised by the Prudential Regulation Authority, regulated by the Financial Conduct Authority and Prudential Regulation Authority, and are covered by the Financial Services Compensation Scheme (FSCS).

  Money with Active Savings which isn’t in a savings product is held in the cash hub. The cash hub is a segregated bank account, currently held with Barclays Bank plc, where your money will be safeguarded by us until you choose what to do with it. You won’t earn any interest on money held in the cash hub. As we are not a bank, your money is either protected through the FCA’s safeguarding rules if we (Hargreaves Lansdown Savings Ltd) were to fail, or the FSCS, if Barclays were to fail.

  MORE ABOUT HOW YOUR MONEY IS PROTECTED