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: 4.00% AER (4.00% 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.
Save between £25 and £250 every month with a 12-month fixed rate account. Available to customers with a current account (excluding Appointee / Executor Account).
Key Information
Interest rate: 5.00% AER/gross
Instant access: No (restrictions apply)
Interest is paid after 12 months and the rate is fixed.
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: 1.50% AER / 1.49% gross
Standard rate: 1.35% AER / 1.34% gross
Instant Access: Yes
Interest is paid monthly and the rate is variable
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.