Last likelihood to rise up to £150 cashback on financial savings with Hargreaves Lansdown – how does the deal stack up?

Products featured in this article are independently selected by This is Money’s specialist journalists. If you open an account using links which have an asterisk, This is Money will earn an affiliate commission. We do not allow this to affect our editorial independence.

Savers looking for a quick boost have until Friday to take advantage of Hargreaves Lansdown paying up to £150 cashback if they open a new Active Savings account.

The offer is open until Friday but picking up a solid amount of cash comes with a catch. You need to squirrel away £75,000 or more to get £150, while those who can stash between £5,000 and £9,999 will get just £10.

Hargreaves Lansdown* is probably the UK’s best-known investment platform, but since 2018 it’s also offered cash savings accounts through its savings platform, Active Savings.

The interest rates available on the platform are often attractive. Right now, you can earn 4.05 per cent in its best easy access account and 4.13 per cent in its top fixed-rate account.

Savers can also take advantage of a rival offer from upstart Prosper*, which will pay £100 cashback to new customers opening savings or investment accounts and funding them with a far smaller £10,000 or more. 

Cashback deals are arriving thick and fast now that the end of the tax year is approaching. 

Freetrade* has also launched a deal this January that pays 1 per cent cashback on your investments.

These offers can be lucrative, especially if you’re already considering moving your money. Just check all the terms and conditions before going ahead to make sure you qualify for the deal.

You often have to have a large amount to deposit to get the top rate of cashback

The Hargreaves Lansdown cashback deal

Hargreaves Lansdown pays cashback in tiers, with the amount stepping up depending on how much you can deposit:

You must add £5,000 or more to your account within 60 days, and be sure that you actively register for cashback using the sign up form or by contacting Hargreaves Lansdown.

If you qualify, you’ll get your cashback by 11 April 2026. 

> How to get cashback and open an Active Savings account* 

This is Money says: Active Savings is a savings platform, so it works a little differently to a regular savings account.

The big draw is that you can compare several accounts quickly and even switch between them to ensure you’re getting the best rate, managing your money within one provider.

If you choose a fixed-rate product however, you’ll still need to wait until the end of the term to withdraw your money.

Other savings platforms include Flagstone, Prosper* and Raisin*.

Of the three, Prosper is currently offering top savings rates, hiking the account provider’s standard rate with a Prosper boost for new customers.

Get £100 cashback on just £10,000 from Prosper 

Prosper* is challenging the investment platform giants with low cost investing and a savings platform that offers boosted rates. 

The investment platform comes with no account or dealing fees and investors can even get management fees refunded on some funds. Read our full Prosper review. 

Prosper’s best rate on a 12-month fix is 4.5 per cent, which is an account from Alrayan Bank. This includes a 0.28 per cent Prosper boost.

On the other hand, the best rate that Hargreaves Lansdown offers on a 12-month fix is 4.12 per cent, which is an account from Shawbrook.

However, note that Prosper doesn’t offer easy-access accounts, so you should think about how comfortable you are locking your money away for a longer period.

> Find out how to open a savings account with Prosper and get cashback*