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'll get a fixed rate of 5% AER/gross if you're an HSBC Premier or HSBC Advance customer (providing you keep the account for the period you hold a Regular Saver with us).1

You'll get a fixed rate of 3% AER/gross if you're a Bank Account, Bank Account Pay Monthly or Graduate Bank Account customer.2

You can choose to set up a standing order to pay between £25 and £250 into your Regular Saver Account each month, up to a total of £3,000. (If your regular payments are less than £250, you can carry your allowance over and pay more in later months.)

Please note, you can only hold one Regular Saver Account at any given time.

Summary Box

Account name Regular Saver
What is the interest rate?

What is the interest rate?

Rate Interest Rate
Standard Rates 3.00% AER (3.00% Gross)
Preferential Rates 5.00% AER (5.00% Gross)

Interest is calculated daily and is credited at the end of the 12 month fixed term.

Standard rates available to Bank Account, Bank Account Pay Monthly and Graduate Bank Account customers.

Preferential rates only available to HSBC Premier or HSBC Advance customers.

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 12 month term.

What would the estimated balance be after 12 months based on 12 regular monthly deposits of £25 and £250?

What would the estimated balance be after 12 months based on 12 regular monthly deposits of £25 and £250?

Monthly Deposits Total Deposits after 12 months Rate Interest Rate Balance at end of 12 months
£25 £300 Standard Rates 3.00% AER (3.00% Gross) £304.88
Preferential Rates 5.00% AER (5.00% Gross) £308.12
£250 £3,000 Standard Rates 3.00% AER (3.00% Gross) £3,048.75
Preferential Rates 5.00% AER (5.00% Gross) £3,081.25
Monthly Deposits Total Deposits after 12 months Rate Interest Rate Balance at end of 12 months
£25 £300 Standard Rates 3.00% AER (3.00% Gross) £304.88
Preferential Rates 5.00% AER (5.00% Gross) £308.12
£250 £3,000 Standard Rates 3.00% AER (3.00% Gross) £3,048.75
Preferential Rates 5.00% AER (5.00% Gross) £3,081.25

For the purpose of this calculation, it is assumed:-

  • 12 monthly deposits of £25 or £250
  • 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.

How do I open & manage my account?

How do I open & manage my account?

Eligibility:

  • You must have one of the following HSBC current accounts: HSBC Premier, HSBC Advance, Bank Account, Bank Account Pay Monthly or Graduate Bank Account which you must maintain for the 12 month duration

How to open the account:

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

Minimum/Maximum Balance:

  • The minimum deposit in month 1 is £25
  • The maximum balance is £3,000 at the end of the 12 month term

Regular Deposits:

  • Regular deposits must be made by standing order each month
  • The minimum monthly deposit is £25 per month
  • The maximum monthly deposit is £250 per month
  • If you don't pay in the maximum allowed in any month, you can carry over the unused subscriptions and catch up in future months

How to manage the account

  • Once opened you can view your account balance via Online Banking, our Mobile Banking App, in branch or via Telephone Banking. You can change the amount of your standing order via Telephone Banking.
Can I withdraw money?

Can I withdraw money?

No, you can not make partial withdrawals.

You can close your account before the end of the 12 month term however you will receive interest up to the date of closure at our Flexible Saver rate.

At the end of 12 months we'll transfer your savings into your Instant Access Savings, Flexible Saver or Premier Savings. If you have more than one of these accounts we'll pay your savings into the account which pays the best interest. And if you don't have any of these accounts, we'll convert your Regular Saver to a Flexible Saver.

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 06.04.17

1HSBC Premier is subject to financial eligibility criteria. Please refer to the HSBC Premier webpages for more information. HSBC Advance Bank Account is subject to eligibility criteria and is available to customers who pay in £1,750 or more each month (or a minimum of £10,500 every six months), not including money transferred from other sole or joint personal accounts held with HSBC Bank. Please refer to the HSBC Advance webpages for more information.

2HSBC Bank Account Pay monthly costs £10 per month HSBC Bank Account requires a minimum of £500 per month to be paid into the account. This does not apply if you're under the age of 24.

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