Hargreaves Lansdown has announced changes to the interest rates it pays on uninvested cash held in its investment accounts, with the new rates coming into effect from 10th June 2026. The move will see the majority of account holders earn a lower return on cash balances, with better rates of interest available on other competing investment platforms.
Hargreaves Lansdown has reiterated that its investment accounts are "designed primarily for long-term investing in the stock market, rather than for holding cash".
In this article, we provide a summary of the upcoming rate changes, explain how the platform's Active Savings product works, and highlight how you can shop around for the best returns on your uninvested cash.
Why are the rates changing?
Hargreaves Lansdown did not provide a reason for its decision to reduce the interest paid on uninvested cash, however, it did state that "Over the past few years, we’ve invested significantly in our savings range, which consistently offers competitive rates across our Active Savings and Cash ISA product range - currently up to 4.78%. If you’re looking to earn higher rates of interest on your cash, you may wish to explore these options". Cynics may argue that the decision could be part of a strategy to encourage customers who want to hold cash toward its Active Savings product. By offering significantly higher rates on Active Savings than on uninvested cash in a Stocks and Shares ISA or SIPP, the platform creates a clear incentive for customers to actively manage their cash holdings rather than leaving it sitting idle in standard investment accounts.
Hargreaves Lansdown cuts rates on uninvested cash
The upcoming changes will affect a variety of Hargreaves Lansdown accounts, including its Stocks and Shares ISA, Self-Invested Personal Pension (SIPP), and Fund and Share Account. Interest is calculated on the daily cleared balance and paid monthly.
Below, we provide a summary of how the upcoming rates compare to the current rates for some of its most popular accounts:
Stocks and Shares ISA
| Money held in uninvested cash | Current rate | New rate from 10th June 2026 |
| £0 to £19,999 | 1.50% | 1.30% |
| £20,000 to £99,999 | 1.80% | 1.65% |
| £100,000 to £999,999 | 2.00% | 1.85% |
| £1,000,000+ | 2.35% | 2.15% |
Junior ISA
| Money held in uninvested cash | Current rate | New rate from 10th June 2026 |
| £0+ | 1.00% | 0.80% |
Lifetime ISA
| Money held in uninvested cash | Current rate | New rate from 10th June 2026 |
| £0+ | 1.55% | 1.40% |
SIPP & Junior SIPP
| Money held in uninvested cash | Current rate | New rate from 10th June 2026 |
| £0 to £19,999 | 2.05% | 2.00% |
| £20,000 to £99,999 | 2.25% | 2.15% |
| £100,000 to £999,999 | 2.45% | 2.30% |
| £1,000,000+ | 2.75% | 2.60% |
Fund and Share Account
| Money held in uninvested cash | Current rate | New rate from 10th June 2026 |
| £0 to £19,999 | 1.25% | 1.05% |
| £20,000 to £99,999 | 1.45% | 1.30% |
| £100,000 to £999,999 | 1.65% | 1.45% |
| £1,000,000+ | 1.95% | 2.00% |
How to get the best rate on uninvested cash
Holding some cash in an investment portfolio can be a useful strategy to cover future charges or manage withdrawals. However, if holding cash on a platform is a priority for you, it is worth remembering that different platforms pay varying levels of interest, and as an investor, you are free to shop around to find the best home for your money. We regularly track and compare the interest rates paid on cash balances across the major UK investment platforms, and a number of them pay higher rates of interest on uninvested cash than Hargreaves Lansdown. You can find our comprehensive comparison in our article 'Investment platforms paying the highest interest rate on cash'.
What is Hargreaves Lansdown Active Savings?
The Hargreaves Lansdown Active Savings account is a separate cash management hub that allows savers to access multiple savings accounts from a variety of partner banks through a single Hargreaves Lansdown login. This means customers can easily move their money between different easy-access or fixed-rate products to secure better returns, without the hassle of opening new accounts with different banks every time. However, it is worth noting that Hargreaves Lansdown is not the only provider to offer this type of service. There are several cash savings hubs on the market, and we provide a comprehensive summary of the options available in our article 'Best cash and online savings platforms in the UK'. At present, it is not possible to use Active Savings with a pension (HL SIPP) or use it for uninvested cash held on the HL investment platform. However, you can open a cash ISA via the service.
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