HSBC Credit Card

 

Key product information

How it works

Flexible Savers help you save for anything, in a way that suits you. You can start your Flexible Saver account with just £1, and pay in lump sums or set up a standing order to save a set amount each month.

It's an instant access account, so you can put in or take out money whenever you like. There are no charges for withdrawals.

You can open as many Flexible Saver accounts as you like – perhaps one for a wedding and another for a holiday.

You'll earn interest on your money and if you're an HSBC Advance customer you are eligible for a preferential rate. More on HSBC Advance.

We'll usually send you a statement every 6 months, or you can do your bit for the environment and Go Green by switching off your paper statements in Internet Banking.

Summary box

Product name Flexible Saver
Interest rates Interest is variable. It is paid monthly.
See current rates
Tax status Interest is paid net of basic rate income tax. This means the tax is deducted before you receive the interest.

If you are eligible for gross interest payments, please fill in an R85 form and take it in to your local branch or complete the R85 form online within Personal International Banking.
Conditions for bonus payment No bonus payment applies to this account.
Withdrawal arrangements Instant access. You can take out money whenever you like, with no charges.
Access The account can be applied for online, in branch, or by phone (0800 032 4729).

Lines are open from 8am to 8pm every day (except for Christmas Day, Boxing Day and New Year's Day).

Once the account is open you can manage it in branch, by phone or online.

Definitions

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

Net is the interest rate you'll receive after applicable tax has been deducted, currently 20%. Higher rate tax payers will have an additional liability.

Gross is the interest rate you'll receive before applicable tax is deducted from your account.

Are you eligible for a Flexible Saver? Check the full details

How to apply