Charges & interest rates
This page shows interest rates for all Hargreaves Lansdown accounts. Please view your company benefits overview to see which accounts are available through your company plan.
Looking for better cash returns? Discover Active Savings
Money held in a Fund and Share Account can be transferred online. Unfortunately we can’t offer transfers from an HL Stocks and Shares ISA or SIPP yet, but we hope to in the future. Register for alerts and we’ll tell you as soon as it’s available.
Cash held in an HL SIPP or Junior SIPP
| Current rates and tiers | |||||
|---|---|---|---|---|---|
| Account balance | Tax-free % for this tier only | AER% for this tier only | |||
| £100,000 + | 4.20 | 4.28 | |||
| £50,000 - £99,999.99 | 3.90 | 3.97 | |||
| £10,000 - £49,999.99 | 3.65 | 3.71 | |||
| £0 - £9,999.99 | 3.45 | 3.51 | |||
Cash held in an HL SIPP Drawdown
| Current rates and tiers | |||||
|---|---|---|---|---|---|
| Account balance | Tax-free % for this tier only | AER% for this tier only | |||
| £100,000 + | 4.55 | 4.65 | |||
| £50,000 - £99,999.99 | 4.20 | 4.28 | |||
| £10,000 - £49,999.99 | 3.90 | 3.97 | |||
| £0 - £9,999.99 | 3.65 | 3.71 | |||
Cash held in the Portfolio Management Service - all accounts except Drawdown and SIPP
| Current rates and tiers | |||||
|---|---|---|---|---|---|
| Account balance | Gross % | AER% | |||
| £0 + | 3.70 | 3.76 | |||
Cash held within the Portfolio Management Service - Drawdown
| Current rates and tiers | |||||
|---|---|---|---|---|---|
| Account balance | Tax-free % for this tier only | AER% applied to this tier only | |||
| £3,000 + | 4.55 | 4.65 | |||
| £0 - £2,999.99 | 3.65 | 3.71 | |||
Cash held within the Portfolio Management Service - SIPP
| Current rates and tiers | |||||
|---|---|---|---|---|---|
| Account balance | Tax-free % | AER% | |||
| £0 + | 4.20 | 4.28 | |||
We do not charge a fee for holding cash or for cash transactions. HL expects to receive interest of between 0.5% below and 0.5% above the prevailing Bank of England base rate over the next 12 months on cash balances held in the Client Bank Accounts and SIPP Trustee Bank Accounts. The rates we pay clients are determined by the nature of the account and how that account is typically used by our clients. For example, we pay our highest rates in Drawdown, which is often used to hold higher levels of cash for rainy-day money in retirement. HL retains the difference between the interest HL receives and the interest paid to you.
HL will not typically invest any cash on your behalf unless you have instructed us to do so. Cash held in your account will typically be the first place we look to for fee collection. You’re able to view and amend your fee collection method in your account settings of your online account or by calling our Helpdesk.
Where is my cash held?
Client money is held in a client bank account. Client bank accounts are designated trust accounts and segregated from our own funds in accordance with the FCA’s client money rules and guidance. This means that any creditors of HL would have no legal right to it and HL cannot use any of this money to cover its obligations.
You’ll have one instantly investable cash balance but this balance is spread across many banks. The majority of your money is held with core UK clearing banks such as Lloyds, HSBC, Bank of Scotland and Barclays. We carefully analyse each bank and move your money between them to help keep it safe – each bank is protected by the Financial Services Compensation Scheme (FSCS), so spreading your money around means you receive more protection.
Our policy for choosing banks is continually reviewed and the primary consideration is always security. Client money held in the HL SIPP is segregated from other client money, so the distribution across banks will differ from the HL Stocks and Shares ISA and Fund and Share Account.
We look at the percentage of total client cash held at each bank and quantify the cash balance you would need to have with us to exceed the FSCS limit of £85,000. For more information on the maximum percentage of client money that could be held with each bank, please visit our cash page.