Online Bonus Saver is a simple, easy to open online savings account. You'll have instant access to your money and get bonus savings interest for the months you don't make a withdrawal.
The Online Bonus Saver essentials
- Variable rate of 0.75% AER (0.75% gross), including bonus interest when you don't make a withdrawal. If you do need to make a withdrawal, you won't get bonus interest, but you'll still get 0.25% AER (0.25% gross).
- Interest is calculated daily and paid monthly, on the full balance.
- Interest payable on balances from £1 to £50,000. For balances that exceed £50,000 we will pay a lower rate of interest.
- You can open an Online Bonus savings account with just £1 (one account permitted per customer).
- Accounts are managed online only. You can view your statements online.
- You can transfer funds to another HSBC account or to an account held elsewhere, using Internet Banking.
Definitions
- AER (Annual Equivalent Rate): This is a notional interest rate which illustrates what the gross rate would be if interest were paid and compounded each year.
- Gross: The interest rate before the deduction of tax applicable to interest on savings accounts.
