Savings Account

Make the most of your money

We have a range of savings accounts to meet your needs,
whether you want instant access to your cash, a fixed rate
or an account you can manage online.




HSBC Loyalty Cash ISA

Flexible tax-free savings

INTEREST RATE

Up to 1.60% AER (1.59% tax-free) variable

MINIMUM AMOUNT TO OPEN

£1

ACCESS

Instant Access
No charge



Brief highlights

  • Receive a Loyalty rate for 12 months* from the date of each payment into your ISA
  • If you make further payments into your ISA, your Loyalty rate period will begin again from the date of each payment
  • Upon the expiry of your Loyalty rate period, earn a standard rate of interest until you make a further payment
  • Loyalty rate of 1.60% AER for HSBC Premier customers, 1.50% AER for HSBC Advance customers and 1.40% AER for other HSBC current account holders
  • Standard rate of 0.50% AER
  • Interest is variable and paid monthly
  • Open your account online, via our Mobile Banking app, in branch, over the phone or by post
  • Transfers of existing cash ISAs and stock and shares ISAs are permitted
  • If you have fully subscribed your tax-free allowance in a tax year, any amount withdrawn cannot be reinvested until the following tax year
  • The value of the tax benefits described depends on individual circumstances. The tax treatment of ISAs could change in the future
  • This product is only available to HSBC current account customers

* 12 months is calculated as 366 days for interest purposes to allow for leap years

The value of investments (and any income received from them) can fall as well as rise and you may not get back what you invested. For some investments this can also happen as a result of exchange rate fluctuations as shares and funds may have an exposure to overseas markets.

Regular Saver

Save at a fixed rate of interest for 12 months

INTEREST RATE

Up to 6.00% AER/gross
(selected customers only)

MINIMUM AMOUNT TO OPEN

£25

ACCESS

Fixed term of 12 months
No partial withdrawals allowed



Brief highlights

  • 6% AER/gross for HSBC Premier, HSBC Advance or HSBC Advance (Graduate) customers
  • 4% AER/gross for Bank Account, Bank Account Pay Monthly or Graduate Bank Account customers
  • An easy, convenient way to save for 12 months
  • A great fixed rate of interest which you will receive one year after you open your account
  • Deposit at least £25 a month. The monthly subscription limit is £250. However if you do not save £250 in any given month you can carry over any unused subscription to following months
  • No partial withdrawals allowed
  • For example: if you invest £250 a month, you will save the maximum balance of £3,000 during the 12 month term, at 6% interest, you will earn approximately £97 interest (gross)

Online Bonus Saver

Earn bonus interest in any
month you don't make
a withdrawal

INTEREST RATE

Variable rate of 0.75% AER/gross on balances up to £50,000
(including bonus interest for making no withdrawals, otherwise you'll get 0.25% AER/gross)

MINIMUM AMOUNT TO OPEN

£1

ACCESS

Instant access
No charge



Brief highlights

  • Minimum £1 deposit (one account permitted per customer).
  • Earn 0.75% AER/gross interest for the months you don't make a withdrawal (0.50% AER/gross on balances over £50,000)
  • Earn 0.25% AER/gross standard interest in any calendar month you make a withdrawal
  • Balances over £50,000 earn a lower rate of interest (interest is paid monthly at a variable rate) Manage your account online at the click of a button

Flexible Saver

Save for a wedding, holiday or a rainy day

INTEREST RATE

Up to 0.10% AER/gross variable
(selected customers only)

MINIMUM AMOUNT TO OPEN

£1

ACCESS

Instant access
No charge



Brief highlights

  • 0.05% AER/gross for Bank Account, Bank Account Pay Monthly or Graduate Bank Account customers
  • 0.10% AER/gross for HSBC Premier, HSBC Advance, HSBC Advance (Graduate)
  • Minimum £1 deposit
  • Suitable for lump sums or regular payments
  • Set up standing orders to make regular payments
  • Monthly interest can be diverted into an HSBC current account
  • Transfer funds instantly to or from your HSBC current account
  • Preferential rates for HSBC Advance customers

Fixed Rate Saver Bond

Put your money to work
with a great
interest rate

INTEREST RATE

0.50% to 2.00% AER/gross

MINIMUM AMOUNT TO OPEN

£2,000

ACCESS

Fixed terms to choose from, withdrawal conditions apply



Brief highlights

  • Choose a fixed term from 3 months to 5 years
  • Choose to deposit between a minimum of £2,000 to a maximum of £1,000,000
  • Interest is fixed, so you know exactly what you'll earn. Interest is paid either monthly, annually, or on maturity (depending upon the term)
  • For deposits of £50,000 or more, early withdrawals in full or in part ar not permitted
  • For balances below £50,000 early withdrawal in full is possible subject to a fee of 90 days' gross interest
  • This product is only available to existing HSBC current account customers.

HSBC Premier Savings

A straightforward and flexible saving option

INTEREST RATE

0.10% AER/gross variable

MINIMUM AMOUNT TO OPEN

£1

ACCESS

Instant access
No charge



Brief highlights

  • Real-time transfer of funds
  • Minimum deposit of only £1
  • Suitable for regular savings, ad hoc payments and lump sums
  • Instant access to your funds
  • No notice necessary for withdrawals
  • Exclusive to HSBC Premier customers
  • Tiered rates of interest
  • Interest is paid monthly

Future Saver for Children

Start saving for your child's future

INTEREST RATE

0.50% AER/gross variable

MINIMUM AMOUNT TO OPEN

£1

ACCESS

Instant access
No charge



Brief highlights

  • Minimum deposit of only £1
  • Earn interest monthly
  • Suitable for regular savings and lump sums
  • Instant access to your funds

MySavings

Watch your money grow with this straightforward savings account

INTEREST RATE

0.50% to 3.00% AER/gross

MINIMUM AMOUNT TO OPEN

£10

ACCESS

Instant access
No charge



Brief highlights

  • An easy way to save if you're 7 to 17 years old
  • Minimum deposit of £10
  • Receive monthly interest (variable rate) on your savings
  • Learn to be responsible for your own money
  • On your 11th birthday we'll also open you a current account called MyAccount. Both accounts form a package called MyMoney

International Personal Savings Account

Ideal if you move funds abroad regularly

INTEREST RATE

Latest rates

MINIMUM AMOUNT TO OPEN

No minimum for Instant Access (minimums apply to Fixed options)

ACCESS

Instant access with no charge and/or fixed term with fee for early withdrawal



Brief highlights

  • Available in a wide range of foreign currencies
  • £5 or currency equivalent monthly fee on US Dollar, One Europe or World Currency Savings Accounts.
  • Choose between instant access and fixed term deposits
  • Currency Instant Access Savings Account:
    • No minimum balance required
    • Immediate access to cleared funds on instant access account.
  • Fixed Term Deposit Account:
    • For Canadian Dollars, Euro, Japanese Yen, Swiss Francs and US Dollars, a minimum balance of US$10,000 or currency equivalent is required.
    • Other currencies require a minimum balance of the currency equivalent of US$15,000
    • Optional automatic renewal of your original deposit, plus interest on maturity, for the same period
    • The is a minimum £150 fee for early withdrawal


Definitions


AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year.


GROSS is the interest rate before the deduction of tax applicable to interest on savings accounts.