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.
Get up to £220 when you switch, bank and save with an Advance or Premier Account and Online Bonus Saver
Get £100 when you open an HSBC Advance or Premier Account and switch your existing account using the Current Account Switch Service. Start your switch, including 2+ Direct Debits or standing orders within 30 days, and within 60 days pay in £1,500+, make 20+ debit card payments, log on to our mobile app, and deposit £50+ into a new Online Bonus Saver account.
You can then get an additional £10 per month for up to 12 months for every month you pay in £1,500+, make 20+ debit card payments, log on to our mobile app, and deposit £50+ into your Online Bonus Saver account.
You can't have held an HSBC or a first direct current account since 1 January 2019. T&Cs and other eligibility criteria apply.[@current-savings-campaign-offer]
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: 4.30% AER/gross
2-year term: 4.00% 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?
Making the most of your savings account
Useful resources
More savings account articles
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.