Hargreaves Lansdown may be primarily known as an investment management platform, but you can also put cash into a savings account using its “Active Savings” product.
What kind of savings accounts does Hargreaves Lansdown offer?
Hargreaves Lansdown offers a product called Active Savings, which allows you to choose between several savings accounts in one platform. These accounts are offered by other banks that are partnering with Hargreaves Lansdown. Using Active Savings, you can move your money between these accounts effortlessly, without having to complete a lengthy application process each time.
Each banking partner has Financial Services Compensation Scheme (FSCS) cover up to £85,000. That means that if that the bank or building society holding your funds goes bust, the FSCS promises to compensate you up to that limit.
Hargreaves Lansdown doesn’t charge its Active Savings customers. Instead, it charges its partnering banks. This may mean the interest rates offered are lower than what you’d get by opening an account with the banks directly.
At the moment, the platform offers cash ISAs, instant access accounts, limited access accounts and accounts with fixed terms of up to five years to choose from. There are Sharia-compliant accounts available too.
How can I open an Active Savings account?
You can apply to open an Active Savings account via the Hargreaves Lansdown website. To apply, you’ll need to share some basic personal and financial details. You’ll also have to nominate the current account you want to make deposits from.
If you already have a Hargreaves Lansdown investment account, there’s no need to fill out a separate application. Just head to the Active Savings tab on the Hargreaves Lansdown website.
Once your account has been created, you’ll make a deposit from your nominated current account into Hargreaves Lansdown’s “cash hub”. This is essentially a holding account, from which you can transfer your savings to any of Hargreaves Lansdown’s partner accounts.
To withdraw your savings or move it to another account, you’ll first have to transfer it back into the “cash hub”. Funds will earn 0% interest in the “cash hub”, so there’s no benefit to keeping money there for too long.
Boost your savings with FREE interest rate alerts
FREE interest rate alerts
Sign up to receive the latest deals, expert tips, and a chance to win £800! (T&Cs)
Choose between several savings account providers partnering with Hargreaves Lansdown.
Switch your money from one partner to another without any paperwork or identity checks.
Cons
You may get a better interest rate by going directly to the partnering banks.
Customer service information for Hargreaves Lansdown
Email support
Telephone support
In-app or live chat
Contact form
Branch support
Our verdict: Is Hargeaves Lansdown’s Active Savings worth it?
This product gives you the flexibility to easily move your money to a savings account with a better rate.
However, you’ll often receive a lower interest rate compared to what you’d get by applying directly with the partnering banks.
If you’re happy to sacrifice some interest for this added convenience, you’ll be pleased with Hargreaves Lansdown’s Active Savings product.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
FREE interest rate alerts
Sign up to receive the latest deals, expert tips, and a chance to win £800! (T&Cs)
Matthew Boyle is a banking and mortgages publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife. See full bio
Matthew's expertise
Matthew has written 279 Finder guides across topics including:
Helping first-time buyers apply for a mortgage
Comparing bank accounts and highlighting useful features
Our research found that 41% of Brits work from home at least some of the time as of March 2025. We look at who is working from home and how working from home affects productivity.
Whatever you’re saving for, find the right Halifax savings account for you. Our detailed guide walks you through which of Halifax’s savings accounts is for you.
Our guide to Santander’s savings accounts. From ISAs to regular savings, from fixed-term to junior saving accounts, Santander might have the option for you.
Read about the Post Office and the savings accounts they offer. Find out more about the services Post Office Money provide, and see if they are right for you.
Whatever you’re saving for, big or small, Barclays Bank offers a full range of savings accounts. Our guide takes you through the full range.
Advertiser disclosure
Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
