HSBC Online Banking activation

We're currently making improvements to our Online Banking service.

If you registered for Online Banking prior to the 17th December 2014 it's not possible for you to activate your existing Secure Key and you will need to re-start your registration.

If you registered for Online Banking after this date, please log on to Online Banking entering your username, memorable answer and your password, from here you will be prompted to activate your Secure Key.

We apologise for any inconvenience which this delay may cause. Once you are registered, we look forward to introducing you to Online Banking, including the exciting enhancements we're working on now.

Find out more
 

Key product information

How it works

You choose a deposit term for your Fixed Rate Saver Bond. Available terms are:
- 3 or 6 months
- 1, 2 or 3 years

You can deposit anything from £2,000 to £1,000,000. The money is locked away in the bond for the whole of the term.

The interest rate depends on the amount you deposit and the length of the term. As the rate is fixed in advance, you know exactly how much interest you will earn by the end of the term. See current rates

The interest is paid directly into your HSBC current or savings account - the same one you used to pay in your initial deposit.

Summary Box

Account name Fixed Rate Saver
What is the interest rate?

What is the interest rate?

Term Deposit Interest Rate
3 years £2000 + 0.70% AER/Gross
£50,000 + 0.70% AER/Gross
2 years £2000 + 0.65% AER/Gross
£50,000 + 0.65% AER/Gross
1 years £2000 + 0.50% AER/Gross
£50,000 + 0.60% AER/Gross
6 months £2000 + 0.40% AER/Gross
£50,000 + 0.40% AER/Gross
3 months £2000 + 0.30% AER/Gross
£50,000 + 0.30% AER/Gross
Term Deposit Interest Rate
3 years £2000 + 0.70% AER/Gross
£50,000 + 0.70% AER/Gross
2 years £2000 + 0.65% AER/Gross
£50,000 + 0.65% AER/Gross
1 years £2000 + 0.50% AER/Gross
£50,000 + 0.60% AER/Gross
6 months £2000 + 0.40% AER/Gross
£50,000 + 0.40% AER/Gross
3 months £2000 + 0.30% AER/Gross
£50,000 + 0.30% AER/Gross

Interest is calculated daily and credited either monthly, annually, or at the end of the term. For terms of 3 months, interest will be credited at the end of the term only.

If you choose monthly interest, we'll pay interest on the monthly anniversary of your account being opened. If you choose annual interest, we'll pay it on the anniversary of your account being opened.
The interest is paid directly into your HSBC current or savings account - the same one you use to pay in your initial deposit.

Can HSBC change the interest rate?

Can HSBC change the interest rate?

No, once your account is opened the rate will remain fixed for the duration of your fixed rate period.

What would the estimated balance be at the end of the term based on a range of deposits?

What would the estimated balance be at the end of the term based on a range of deposits?

Term Initial Deposit Interest Rate Balance at end of term
3 years £2000 0.70% AER/Gross £2,042.00
£50,000 0.70% AER/Gross £51,050.00
2 years £2000 0.65% AER/Gross £2,026.00
£50,000 0.65% AER/Gross £50,650.00
1 years £2000 0.50% AER/Gross £2,010.00
£50,000 0.60% AER/Gross £50,300.00
6 months £2000 0.40% AER/Gross £2,004.00
£50,000 0.40% AER/Gross £50,100.00
3 months £2000 0.30% AER/Gross £2,001.50
£50,000 0.30% AER/Gross £50,037.50
Term Initial Deposit Interest Rate Balance at end of term
3 years £2000 0.70% AER/Gross £2,042.00
£50,000 0.70% AER/Gross £51,050.00
2 years £2000 0.65% AER/Gross £2,026.00
£50,000 0.65% AER/Gross £50,650.00
1 years £2000 0.50% AER/Gross £2,010.00
£50,000 0.60% AER/Gross £50,300.00
6 months £2000 0.40% AER/Gross £2,004.00
£50,000 0.40% AER/Gross £50,100.00
3 months £2000 0.30% AER/Gross £2,001.50
£50,000 0.30% AER/Gross £50,037.50

For the purpose of these calculations, it is assumed:-

  • Initial deposit of either £2,000 or £50,000
  • No further deposits
  • No withdrawals
  • No change to the interest rate during the fixed term

Projection provided for illustrative purposes only and does not take into account individual circumstances.

How do I open & manage my account?

How do I open & manage my account?

Eligibility:

  • Aged 7 years or over
  • Have an HSBC current account or savings account (excluding an ISA, Regular Savings Account or Basic Bank Account) which you must maintain for the duration of the fixed term
  • If you are aged between 7 years and 15 years you will need your application signed by a parent or guardian
  • If you are aged 18 years or over, you may also open a beneficiary account for a child providing you also hold a Future Saver for Children in the same names. This can only be opened in branch.

How to open the account:

  • Open an account via Online Banking, Telephone Banking or in branch

Minimum/Maximum Balance:

  • Only one deposit per Fixed Rate Saver
  • The minimum deposit is £2,000
  • The maximum deposit is £1,000,000

How to manage the account

  • Once opened you can view your balance via Online Banking or via the HSBC UK Mobile Banking App. You can manage the account via Telephone Banking or in branch.
Can I withdraw money?

Can I withdraw money?

Deposits over £50,000: You can't close the product or withdraw any money until the end of your fixed rate period.

Deposits under £50,000: You can withdraw all of the money and close the product early, for a fee of 90 days interest. You can't withdraw part of the money.

At the end of the fixed rate period your account will be closed and your funds and interest paid into the account they came from unless you have asked us to reinvest some/all of your funds.

Additional Information

Additional Information

There is no cancellation period with this account.

We do not deduct tax from any interest paid to you.

Tax benefits depend on individual circumstances and could change in the future.

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 rate of interest if interest were paid and not compounded each year

Rates correct as at 06.04.17

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