Open an Active Savings account

How to get started

Open an account. Filling in the application takes about 10 minutes.
Add money. You don’t need to add any money when you first open your account. But if you want to start saving straight away, you can start from as little as £1 using your debit card or pay by bank.
Choose your savings products. Choose from great rates with terms to suit you and your financial goals.

To open an account, you must:

If you’re unsure about the above please contact us for more information.

Things to remember:

The cash hub is a temporary home for your money while you decide where to put it. It won’t earn any interest in the cash hub.
If the rate of interest you receive on your savings is lower than the rate of inflation, the future spending power of your money will be reduced.
Our website doesn’t provide personal advice. If you’re not sure what’s right for you take advice.

You should:

check you understand the tax rules as you may need to pay Income Tax on interest you earn. Read about Income Tax. Tax rules can change and their impact depends on individual circumstances.
understand that this is an online-only account with a dedicated helpdesk if you need support.

When your money is in a savings product, the FSCS will protect up to £85,000 of your eligible deposits per banking licence. Read more about protection of your money.
Any money in the cash hub is held in a separate account with Barclays Bank plc. It’s either protected through the FCA’s safeguarding rules if Hargreaves Lansdown Savings Ltd were to fail, or the Financial Services Compensation Scheme (FSCS) if Barclays were to fail.
If you’re inactive in your account for 5 minutes, you’ll be logged out.
Log in with two-factor authentication to keep your cash secure.

When you open an Active Savings Account, it means you agree to our terms.

Make sure you read and understand the document below. If you’re unsure of anything, contact us.