Hargreaves Lansdown Adds LHV Bank Personal Savings Products and First Cash ISA to Active Savings Platform

  • E-Wallets
  • 25.03.2024 10:05 am

Personal savings products from LHV Bank, one of the UK's newest licenced banks, are now available on the Hargreaves Lansdown Active Savings platform, including the Bank’s first cash ISA product which will be available before the end of the current tax year. The UK’s number one platform for private investors, the Hargreaves Lansdown Active Savings platform gives savers access to a wide range of easy access and fixed rate products offering competitive interest rates. The addition of the LHV Bank personal savings products – which offer consistently good value interest rates - widens the choice for savers, all through one online account.

"With interest rates for savings likely to start falling as inflation drops, savers want to find good value account options and tax-efficient ways to get the most out of their savings,” explained Erki Kilu, CEO of LHV Bank.  “Through this new partnership with Hargreaves Lansdown we are expanding our product offering and providing more savers with access to the competitive range of LHV Bank personal savings products, delivered through a superior digital experience. As we continue to build our personal savings portfolio, this is an important partnership.”

Mark Hicks, Head of Active Savings at Hargreaves Lansdown added: “We are committed to keeping our customers at the heart of all we do, breaking down barriers and enabling clients to make it easier to manage their savings and investments, all in one place. Providing customers with easy access to a wide range of excellent savings accounts is vital to this mission, helping us to become the main Hub for people in the UK to manage their savings. Adding LHV Bank to our Active Savings platform means we can give our customers an even better range of options to meet their needs.”

The two digital-first organisations share a customer centric approach and a mission to empower everyone to save and invest, to build their wealth and financial resilience. The addition of LHV Bank personal savings products to the Active Savings platform will also extend awareness of the Bank ahead of the planned launch of its consumer savings offering via its own channels later this year.  

LHV Bank, which received a UK banking license in May 2023, is fully capitalised, and customer deposits are protected under the Financial Services Compensation Scheme (FSCS) up to a limit of £85,000.

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