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Hargreaves Lansdown Active Savings Account

Shenstone
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Hargreaves Lansdown Active Savings Account

#257195

Postby Shenstone » October 11th, 2019, 4:24 pm

Hi,
Has anyone tried this product with HL?
https://www.hl.co.uk/investment-services/active-savings

"With Active Savings you can pick and mix savings products from a range of UK banks and building societies through one simple to use online account."


I've read through it and can't see any pitfalls except if the money is in your cash fund rather than allocated you get 0% interest.

Regards
Shenstone.

scrumpyjack
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Re: Hargreaves Lansdown Active Savings Account

#257212

Postby scrumpyjack » October 11th, 2019, 5:40 pm

Yes I have used it for a while and it works well.

The only negative is that you can get slightly higher interest rates by opening savings accounts directly as obviously HL have set it up so they make a margin on it.

But I think that is outweighed by the simplicity and convenience of it.


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