Hargreaves Lansdown, the UK’s largest savings and investments platform, has announced the launch of its own Cash ISA savings account. The Hargreaves Lansdown Easy Access Cash ISA pays a variable rate of 3.45%, allows unlimited withdrawals and is available from 22nd September 2025. Customers can access the Hargreaves Lansdown Cash ISA by opening a Cash ISA account via its Active Savings portal.
About Hargreaves Lansdown’s new Cash ISA
Hargreaves Lansdown is a savings and investments platform where its customers can hold shares and deposits across an extensive range of products. The Active Savings portal within this platform allows customers to open and manage a variety of savings accounts from dozens of providers using one single login. Additionally, customers can choose from a range of 14 Easy Access and 13 Fixed-Rate Cash ISAs. Below is a complete list of Easy Access Cash ISAs currently available through the Hargreaves Lansdown Active Savings Portal, including Hargreaves Lansdown's own Cash ISA, which is highlighted.
Correct as at 23.09.25
As well as receiving the normal ISA perk of tax-free interest on deposits, Hargreaves Lansdown’s Cash ISA will also guarantee that the interest rate paid does not fall any more than 0.65% below the Bank of England base rate (BBR). The most recent Bank of England review voted to hold the base rate at 4.00% so the interest rate on Hargreaves Lansdown Cash ISAs, given the current BBR, would be no less than 3.35%. Although the interest rate is low in comparison to the best rates in the market, it still offers better value than many. You can find the very best rates in the market in our regularly updated article, “Best Easy Access Cash ISAs in the UK”.
This is the first savings product launched under Hargreaves Lansdown’s own brand and is powered by Shawbrook Bank, which is where the Cash ISA deposits will be held. Shawbrook Bank holds a full banking licence, and as a result, customers’ deposits are protected under the Financial Services Compensation Scheme up to a value of £85,000.
Hargreaves Lansdown Cash ISA key features
- Current rate of interest is 3.45% variable
- Minimum opening balance is £1
- Up to £20,000 tax-free savings
- Withdrawals are allowed at any time
- Funds can be deposited into the Cash ISA using a debit card, bank transfer or transfer from an existing HL account
- Transfers in from other ISAs are not allowed
- Account holders must be UK residents and at least 18 years old
- The opening and management of this Cash ISA is carried out online on the HL platform
How does Hargreaves Lansdown’s Cash ISA account compare?
The savings market regularly sees providers advertise headline interest rates on savings accounts, only for them to be pulled shortly afterwards. Some savings products offer limited-period bonus rates, which initially provide an attractive interest rate but decrease once the bonus period expires. As a result, customers either end up earning lower rates of interest compared to the wider market or have to source better rates elsewhere by moving funds, which can be time-consuming and laborious.
Hargreaves Lansdown’s Head of Active Savings, Mark Hicks says, “While clients will be able to access better rates on our savings platform on an individual bank basis, this product will provide consistency and diversification benefits to savers who don’t want to have to continually switch products around to generate a competitive rate.”
What are the alternatives to the HL Cash ISA account?
Competition for the top position in the best buy tables for savings accounts is fierce. At the time of writing, there are over 50 Easy Access Cash ISAs in the market that offer a better rate of interest when compared to the Hargreaves Lansdown Cash ISA. However, some of these come with bonus rate periods which expire after a specified period, while others limit the number of withdrawals that you can make. Trading 212, for example, offers the highest rate of interest on an Easy Access Cash ISA at 4.38% but it includes a bonus rate of 0.53% which expires after 12 months.
It is important to determine whether you will require access to your savings and whether you would prefer a fixed interest rate over a variable one. Bonus rates may be a good option if you are not concerned about a potential drop in interest rates. It is always best to search the market to ensure you are getting the best rate and to review the terms and conditions of any savings products to ensure they suit your needs. With inflation currently at 3.80%, any money in an account that isn't earning interest is gradually losing value over time. To prevent this erosion, it's important to utilise tax-efficient savings options that offer a competitive interest rate.