Active Savings Account
Your savings deserve better.
If you're still on your bank's 'standard' interest rate, it's them that's saving not you. Don't tolerate inactive banks – start earning more with Active Savings today and get between £10 and £150 cashback. Terms apply.
Important information: Average ‘big bank’ savings rate based on average instant access rates from Barclays, NatWest, HSBC and Lloyds. These rates are based on the average savings balance of £19,214 *Source: finder.com. 3.95% easy access rate is variable. Correct as of 10/08/2026. The 'big bank' savings rates used in our example are all from 'instant access' accounts - they let you withdraw your money immediately. 'Easy access' account withdrawals may take up to one working day to process.
Important information: Average ‘big bank’ savings rate based on average instant access rates from Barclays, NatWest, HSBC and Lloyds. These rates are based on the average savings balance of £19,214 *Source: finder.com. 3.95% easy access rate is variable. Correct as of 10/08/2026. The 'big bank' savings rates used in our example are all from 'instant access' accounts - they let you withdraw your money immediately. 'Easy access' account withdrawals may take up to one working day to process.
What is Active Savings?
Active Savings is our cash savings account where you can compare and choose savings rates from 30+ banks and switch between them whenever you like, without the hassle of opening multiple accounts.
More than great rates
We bring great easy access and fixed rates to you, so you don't have to shop around.
Multiple banks
Pick, mix and switch between savings rates from 30+ banks.
One simple account
It's easy to see and manage your cash savings online, all in one place.
Get great rates from over 30 banks
Why choose an Active Savings Account?
60+ savings rates in one place.
One home for your savings and investments.
Easy access. Or fixed. Take your pick.
How are my savings protected?
Don't tolerate inactive banks
We compared instant access rates across the UK's four biggest banks - Lloyds, Barclays, NatWest, and HSBC - and found an average return of just 0.95%. With Active Savings, you could earn up to 4x more.
Data correct as of 10/08/2026.
No charges on your savings
0%
We don't charge you to set up, manage or withdraw from an Active Savings Account.
Instead, we charge our banking partners, who pay us a percentage fee for every product they may have on our platform.
This means that equivalent products offered directly by these banks and building societies sometimes have different rates from those available with HL.
Trusted by 2 million clients
Our clients trust us with over £172bn of their savings and investments.
45 years' experience
Helping people save and invest for a better future since 1981.
Award-winning service
Over 200 awards, including 'Best Savings Platform 2024'.
Register to get £10 to £150 cashback
This offer is for new Active Savings clients only.
You can get £10 to £150 cashback when you register a new Active Savings account.
You need to register for the offer using our online form, by sending a Secure Message, or by calling us.
Once you’ve opened your Active Savings account, you’ll have 60 days to add £5,000 or more and move it into one or more savings products.
Your cashback will be paid into your Active Savings Cash Hub no later than 6 months after opening your account.
This offer does not apply to our Cash ISA. Terms apply.
| Amount paid into savings products | Cashback |
|---|---|
| £5,000 - £9,999 | £10 |
| £10,000 - £19,999 | £20 |
| £20,000 - £29,999 | £40 |
| £30,000 - £49,999 | £60 |
| £50,000 - £74,999 | £100 |
| £75,000+ | £150 |
Can't be bothered to switch?
That's exactly what your bank wants. Don't settle for their 'standard' rate – start earning more with Active Savings today.
FAQs
Common questions about Active Savings.
You can open an Active Savings Account without adding money.
To choose a savings product, you’ll usually need a minimum amount to get started. Full information will be provided in the summary box before you select the product.
The maximum payment you can make with a debit card is £99,999.00, although your bank may set lower limits. If you wish to add more than this to your Active Savings Account, you’ll need to make multiple debit card payments. You have 30 working days to choose a product or your money may be returned to you.
Yes, you can.
To withdraw money, select the ‘withdraw’ button once logged into your account. The balance you want to withdraw will need to be available in your cash hub.
If the money is held in an easy access or limited access product, you’ll find the option to ‘withdraw’ beside the product – this will send the money back to your cash hub.
If you have money in a fixed term product, you’ll need to wait until the product matures and your savings have been returned to the cash hub before they can be withdrawn.
You can’t withdraw money from fixed term products before they reach their maturity date – except for a limited number of exceptional circumstances (such as terminal ill health).
You can usually expect to receive your money the working day after any cleared funds have settled in the cash hub.
You can open an Active Savings Account if you’re aged 18 or older.
You can’t open an account if you live overseas or you aren’t UK resident for tax purposes. We don’t offer joint savings accounts or accounts for children or companies.
Yes, you can open both an Active Savings Account and an HL Cash ISA alongside each other.
A Cash ISA lets you grow your money, free from UK tax. As any interest you earn is tax free, you're able to keep and grow more of your money over time.
You can pay in up to £20,000 each tax year.
Most people can earn some interest from their savings without paying tax.
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, so counts towards your Personal Savings Allowance.
All of our banking partners are covered by the Financial Services Compensation Scheme (FSCS).
If the banking partner fails, this means up to £120,000 per banking licence is protected.
Money held outside of savings products offered by our banking partners is protected by Financial Conduct Authority (FCA) safeguarding rules.
Savings essentials
Read more about cash savings.
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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 Ltd (company number 2122142).