Hargreaves Lansdown Active Savings promises to take away the hassle and stress of finding the best savings rates accounts.
To be fair, finding the home with the best savings rates for your cash can be pretty tiring. Searching the best-buy tables only to find out after you’ve moved your money that the rates have been lowered is no fun and frankly frustrating.
With Hargreaves Lansdown Active Savings, it claims to take that financial stress away. Active Savings promises to put you in control and allows you to pick and mix from a range of savings products and providers, all from a single platform.
‘Great Returns, No-Hassle’ is the strapline, but is this really such an excellent place for your cash and should you open an account?
In case you haven’t heard of them before, Hargreaves Lansdown is one of the UK’s leading savings and investment platforms. It’s been around since 1981 and is trusted by 1.3 million clients (one of them being me). They currently look after nearly £100 billion in client funds and are listed on the FTSE100.
When you open an account, you deposit your cash and then choose the right savings product for you. You get the choice between instant access savings and fixed terms. You can then mix and match, meaning you can have some of your cash tied up in fixed terms and some in easy access.
Active Savings provides competitive rates all in one interface. Plus, you can move your money between accounts easily making it very attractive for those savvy savers short of time (or those who hate searching the market).
At Eat Sleep Money, we are fans of Hargreaves Lansdown and have used its products for years. In our opinion, it has one of the best platforms and mobile apps, however, it is not the cheapest.
If you want to learn more about the company and their offerings, then check out our Hargreaves Lansdown LISA and ISA review.