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Savings accounts

Whether you're saving for a new home, a new car or a big adventure, our savings accounts could help you get there. Open an account today.

Tax-free savings, with a fixed rate for up to 13 months. For current account customers only.

Key information

Fixed for up to 13 months: 4.45% AER (4.45% tax free).

Instant access: No, withdrawal restrictions and an early withdrawal fee may apply.

We calculate interest daily and credit this at the end of the fixed term.

Get a higher interest rate in any months you don't make a withdrawal. For existing HSBC customers only. You can only open this account online.


Key Information

Bonus rate up to £50,000: 4.00% AER / 3.93% gross

Bonus rate over £50,000: 2.30% AER / 2.28% gross

Standard rate: 2.00% AER / 1.98% gross

Instant Access: Yes


Interest is paid monthly and the rate is variable

Save for 1 or 2 years. For current account and savings account customers only (not including Basic Bank Account, Loyalty Cash ISA or Regular Saver).


Key information

1-year term: 4.45% AER/gross

2-year term: 4.10% AER/gross

Instant access: No


Interest is paid monthly or yearly and the rate is fixed.

What kind of savings account are you looking for?

Earn interest on your savings and enjoy instant access to your money.
Lock your money away for a little while and enjoy a guaranteed rate for the entire term.
Save up to £20,000 in the current tax year with our cash or stocks and shares ISAs.[@isa-account2]
If you're aged 7 to 17, start putting some money aside with a children's savings account.

Making the most of your savings account

What's the best way for you to save? Explore the options and decide for yourself.
Learn about the different types of ISAs and how they work.
From fixed rate to instant access, find out about the different ways to save.
When times are tough, knowing your money's safe can be reassuring.
Want to get on the property ladder? Follow our 5 tips to help you on your way.

Useful resources

Compare our range of savings accounts to find the right one for you.
Compare interest rates across all our savings accounts.
See how long it might take you to save for whatever you have in mind.

More savings account articles

Make the most of your tax-free allowance by paying more into your ISA.
Follow our 5 simple steps to help you save money more easily.
Find out how you can earn tax-free interest thanks to this handy personal allowance.
Choosing the right account for your savings can make your money work harder.
Saving together can be faster, but you may want to set a few ground rules.
Find out how useful savings goals can be - whatever your future plans.

Additional information

AER stands for annual equivalent rate. This shows you what the interest rate would be if interest was paid and compounded once each year.


Gross is the rate of interest paid before any tax (where applicable) has been deducted.


Tax-free means you don't have to pay UK income tax or capital gains tax on any interest or returns you earn.