Hargreaves Lansdown bumps up cash ISA with £25 cashback - does it beat the wider ISA market?

Just days before the end of the tax year, Hargreaves Lansdown has launched a £25 bonus for those who open a cash ISA on its savings platform. Does the bonus make it a competitive rate, and are you eligible for the cashback?

Coins in a glass jar Savings and investment savings
(Image credit: Moostocker)

If you still need to make use of your £20,000 ISA allowance for the current tax year, Hargreaves Lansdown (HL) is boosting its cash ISA offering on its platform with £25 cashback - but is it enough to beat the leading ISA on the market right now? 

HL became the first investment platform to launch cash ISAs on its Active Savings platform on 1 February, ahead of the new ISA rules taking effect on 6 April that will let savers take advantage of multiple ISAs of the same type within the same tax year. 

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Vaishali has a background in personal finance and a passion for helping people manage their finances. As a former staff writer for MoneyWeek, Vaishali covered the latest news, trends and insights on property, savings and ISAs.

She also has bylines for the U.S. personal finance site Kiplinger.com and Ideal Home, GoodTo, inews, The Week and the Leicester Mercury.