What is the interest rate? |
What is the interest rate?
Balance |
Interest Rates |
All balances |
0.10% AER/ Gross |
Interest is calculated daily and is credited to the account monthly.
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Can HSBC change the interest rate? |
Can HSBC change the interest rate?
Yes, we can change the interest rate on this account, in line with the account's Terms and Conditions.
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What would the estimated balance be after 12 months based on a £1,000 deposit? |
What would the estimated balance be after 12 months based on a £1,000 deposit?
Initial Deposit |
Interest Rate |
Balance at end of 12 months |
£1,000 |
0.10% AER/ Gross |
£1,001 |
For the purpose of this calculation, it is assumed:-
- Initial deposit of £1,000
- No further deposits
- No withdrawals
- No change to the interest rate during the 12 months
Projection provided for illustrative purposes only and does not take into account individual circumstances.
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How do I open & manage my account? |
How do I open & manage my account?
Eligibility:
- Aged 18 years or over
- An HSBC Premier customer
How to open the account:
- Open an account via Online Banking, Telephone Banking or in branch
Minimum/Maximum Balance:
- A minimum of £1 must be deposited to open an account
- There is no maximum balance
How to manage the account
- Once opened you can manage the account via Online Banking, Telephone Banking, via the HSBC UK Mobile Banking App or in branch
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Can I withdraw money? |
Can I withdraw money?
Yes, you have instant access to your account. You can make as many fee free withdrawals as you like.
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Additional Information |
Additional Information
A 14 day cancellation period applies to 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 06.12.17
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