Fix your interest rate for 12 months by applying for our Regular Saver Account, Bank Account, Bank Account Pay Monthly and Graduate Bank Account customers can earn 4% AER/gross.
HSBC Premier, HSBC Advance, HSBC Graduate (Advance) and HSBC Passport customers can receive a preferential rate of 8% AER/gross.
HSBC Advance is available for £6 a month for the first three months from account opening, after which you will pay the full monthly price, currently £12.95.
HSBC Advance has an initial 12 month contract and is then renewable monthly.
The essentials
- Rate is fixed for 12 months.
- Interest is calculated on the daily cleared balance and paid on the anniversary of account opening.
- Save between £25 and £250 in the first month, then make regular payments every month by standing order from your HSBC current account of at least £25 up to the maximum monthly balance.
- The maximum balance starts at £250 in month one and then increases by £250 each month thereafter.
- For example: If you invest £250 per month, a total of £3,000 will be paid into your account during the 12 month term. At 8% interest, you will earn approximately £130 interest (gross).
- One Regular Saver account per customer only.
- If you close your account before the end of the 12 month term you will receive interest at our Flexible Saver rate.
- No withdrawals allowed within 12 months. At the end of 12 months, the account balance will be swept into a Flexible Saver, Preferential Flexible Saver or HSBC Premier Savings account.
- Manage your account at your branch or by phone.
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.
† Lines are open 8am to 10pm everyday (except Christmas Day, Boxing Day and New Year's Day).
