If you're looking for a high interest savings account that you manage online then Online Bonus Saver could be right for you.
More than double your interest
Earn up to 3.25% AER (3.23% gross including bonus interest) on savings from £1 up to £50,000 when you don't make a withdrawal. Even if you do need your money you'll get 1.50% AER (1.49% gross).
The essentials
- Variable rate of 3.25% AER (3.23% gross including bonus interest), when you don't make a withdrawal and even if you do need to make a withdrawal you'll get 1.50% AER, 1.49% gross, paid monthly, payable on balances from £1 to £50,000.
- For balances that exceed £50,000 we will pay a lower rate of interest.
- Interest is payable on the full balance each month at our standard Online Bonus Saver rate and at our bonus rate for every calendar month during which you have not made a withdrawal. Interest is calculated daily and paid monthly.
- No Bonus interest will be paid for any month you make a withdrawal.
- Open your Online Bonus Savings account with just £1. (Only one Online Bonus Saver per customer permitted.)
- Manage your account online only
- Withdrawal of funds via Internet Banking by transfer to another HSBC account or to an account held elsewhere.
- View your statements online; you will not receive paper statements.
- 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.
