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Savings accounts interest rates

Online Bonus Saver

Regular Saver

Flexible Saver

HSBC Premier Savings†

HSBC Loyalty Cash ISA

Fixed Rate Saver

MySavings

HSBC Premier MySavings

Products no longer sold

Online Bonus Saver

Interest including bonus (Variable rate)

(Where you don't make a withdrawal in the month)
Effective date
 Amount
 Gross
 AER
30 June 2023 £1- £50,000 3.93% 4.00%
30 June 2023 £50,000+ 2.28% 2.30%
8 June 2023 to 29 June 2023 £1- £10,000 3.93% 4.00%
8 June 2023 to 29 June 2023 £10,000+ 2.28% 2.30%

Interest including bonus (Variable rate)

(Where you don't make a withdrawal in the month)
Effective date
 30 June 2023
Amount
 £1- £50,000
Gross
 3.93%
AER
 4.00%
Effective date
 30 June 2023
Amount
 £50,000+
Gross
 2.28%
AER
 2.30%
Effective date
 8 June 2023 to 29 June 2023
Amount
 £1- £10,000
Gross
 3.93%
AER
 4.00%
Effective date
 8 June 2023 to 29 June 2023
Amount
 £10,000+
Gross
 2.28%
AER
 2.30%

Standard rates

Monthly interest (variable rate)
Effective date
 Amount
 Gross
 AER

10 August 2023

 All balances 1.98% 2.00%
30 June 2023 to 9 August 2023 All balances 1.74% 1.75%

Standard rates

Monthly interest (variable rate)
Effective date

10 August 2023
Amount
 All balances
Gross
 1.98%
AER
 2.00%
Effective date
 30 June 2023 to 9 August 2023
Amount
 All balances
Gross
 1.74%
AER
 1.75%

Regular Saver

Annual interest (fixed rate)
Effective date
 Amount
 Gross
 AER
1 December 2022  £25 to £250 per month 5.00% 5.00%
24 November 2020 to 30 November 2022 £25 to £250 per month
 1.00%
 1.00%
Annual interest (fixed rate)
Effective date
 1 December 2022 
Amount
 £25 to £250 per month
Gross
 5.00%
AER
 5.00%
Effective date
 24 November 2020 to 30 November 2022
Amount
 £25 to £250 per month
Gross
 1.00%
AER
 1.00%

Flexible Saver

Monthly interest (variable rate)
Effective date
 Amount
 Gross
 AER
10 August 2023 All balances 1.98% 2.00%
30 June 2023 to 9 August 2023 All balances 1.74% 1.75%
Monthly interest (variable rate)
Effective date
 10 August 2023
Amount
 All balances
Gross
 1.98%
AER
 2.00%
Effective date
 30 June 2023 to 9 August 2023
Amount
 All balances
Gross
 1.74%
AER
 1.75%

HSBC Premier Savings†

Rate also applies to all cash within the Premier Investment Management Service (PIMS) and Trust Services including Trust Discretionary Investment Services (TDIS).

 

HSBC Premier Savings † is available to Premier customers only

Monthly interest (variable rate)
Effective date
 Amount
 Gross
 AER
10 August 2023 All balances 2.23% 2.25%
30 June 2023 to 9 August 2023 All balances 1.98% 2.00%

Rate also applies to all cash within the Premier Investment Management Service (PIMS) and Trust Services including Trust Discretionary Investment Services (TDIS).

 

HSBC Premier Savings † is available to Premier customers only

Monthly interest (variable rate)
Effective date
 10 August 2023
Amount
 All balances
Gross
 2.23%
AER
 2.25%
Effective date
 30 June 2023 to 9 August 2023
Amount
 All balances
Gross
 1.98%
AER
 2.00%

HSBC Loyalty Cash ISA

A loyalty rate applies for 12 months from the date of each payment into your ISA. If you make further payments into your ISA, your loyalty rate period will begin again from the date of each payment. Upon the expiry of your loyalty rate period, you will earn a standard rate of interest until you make a further payment.

Interest rates are variable and paid monthly.

HSBC Loyalty Cash ISA – HSBC Premier rates
Effective date
 Loyalty rate
 Standard rate
10 August 2023  3.20% AER (3.15% tax free) 2.50% AER (2.47% tax free)
7 July 2023 to 9 August 2023 3.20% AER (3.15% tax free) 2.30% AER (2.28% tax free)
HSBC Loyalty Cash ISA – HSBC Premier rates
Effective date
 10 August 2023 
Loyalty rate
 3.20% AER (3.15% tax free)
Standard rate
 2.50% AER (2.47% tax free)
Effective date
 7 July 2023 to 9 August 2023
Loyalty rate
 3.20% AER (3.15% tax free)
Standard rate
 2.30% AER (2.28% tax free)
HSBC Loyalty Cash ISA – Other current account rates
Effective date
 Loyalty rate
 Standard rate
10 August 2023 2.85% AER (2.81% tax free) 2.50% AER (2.47% tax free)
7 July 2023 to 9 August 2023 2.70% AER (2.67% tax free) 2.30% AER (2.28% tax free)
HSBC Loyalty Cash ISA – Other current account rates
Effective date
 10 August 2023
Loyalty rate
 2.85% AER (2.81% tax free)
Standard rate
 2.50% AER (2.47% tax free)
Effective date
 7 July 2023 to 9 August 2023
Loyalty rate
 2.70% AER (2.67% tax free)
Standard rate
 2.30% AER (2.28% tax free)

Fixed Rate Saver

Fixed for the term of your deposit.

Fixed Rate Saver – both monthly and annual interest products
Effective date
 Term Amount
 Gross
 AER
30 November 2023 1 year £2,000+ 5.00% 5.00%
30 November 2023 2 years £2,000+ 4.65% 4.65%
16 November 2023 to 29 November 2023 1 year £2,000+ 5.20% 5.20%
16 November 2023 to 29 November 2023 2 years £2,000+ 4.85% 4.85%
Fixed Rate Saver – both monthly and annual interest products
Effective date
 30 November 2023
Term 1 year
Amount
 £2,000+
Gross
 5.00%
AER
 5.00%
Effective date
 30 November 2023
Term 2 years
Amount
 £2,000+
Gross
 4.65%
AER
 4.65%
Effective date
 16 November 2023 to 29 November 2023
Term 1 year
Amount
 £2,000+
Gross
 5.20%
AER
 5.20%
Effective date
 16 November 2023 to 29 November 2023
Term 2 years
Amount
 £2,000+
Gross
 4.85%
AER
 4.85%

MySavings

MySavings – monthly interest (variable rate)
Effective date
 Amount
 Gross
 AER
20 July 2023 Up to £3,000 4.89% 5.00%
10 August 2023 £3,000+ 2.23% 2.25%
8 June 2023 to 19 July 2023 Up to £3,000 4.89% 5.00%
20 July 2023 to 9 August 2023 £3,000+ 1.98% 2.00%
MySavings – monthly interest (variable rate)
Effective date
 20 July 2023
Amount
 Up to £3,000
Gross
 4.89%
AER
 5.00%
Effective date
 10 August 2023
Amount
 £3,000+
Gross
 2.23%
AER
 2.25%
Effective date
 8 June 2023 to 19 July 2023
Amount
 Up to £3,000
Gross
 4.89%
AER
 5.00%
Effective date
 20 July 2023 to 9 August 2023
Amount
 £3,000+
Gross
 1.98%
AER
 2.00%

HSBC Premier MySavings

Effective date
 Amount
 Gross
 AER
20 July 2023 Up to £3,000 4.89% 5.00%
10 August 2023 £3,000+ 2.23% 2.25%
8 June 2023 to 19 July 2023 Up to £3,000 4.89% 5.00%
20 July 2023 to 9 August 2023 £3,000+ 1.98% 2.00%

HSBC Premier MySavings

Effective date
 20 July 2023
Amount
 Up to £3,000
Gross
 4.89%
AER
 5.00%
Effective date
 10 August 2023
Amount
 £3,000+
Gross
 2.23%
AER
 2.25%
Effective date
 8 June 2023 to 19 July 2023
Amount
 Up to £3,000
Gross
 4.89%
AER
 5.00%
Effective date
 20 July 2023 to 9 August 2023
Amount
 £3,000+
Gross
 1.98%
AER
 2.00%

Products no longer sold

Future Saver for children

Future Saver for children – Monthly interest (variable rate)
Effective date
 Amount
 Gross
 AER
10 August 2023 £1+ 2.23% 2.25%
20 July 2023 to 9 August 2023 £1+ 1.98% 2.00%
Future Saver for children – Monthly interest (variable rate)
Effective date
 10 August 2023
Amount
 £1+
Gross
 2.23%
AER
 2.25%
Effective date
 20 July 2023 to 9 August 2023
Amount
 £1+
Gross
 1.98%
AER
 2.00%

Help to Buy: ISA

Help to Buy: ISA – monthly interest (variable rate)
Effective date Balance
 Amount
 Gross AER
7 July 2023 Up to £12,000 Up to £200 per month 3.45% 3.50%
10 August 2023 £12,000+ Up to £200 per month 1.98% 2.00%
8 June 2023 to 6 July 2023 Up to £12,000 Up to £200 per month 2.96% 3.00%
7 July 2023 to 9 August 2023 £12,000+ Up to £200 per month 1.74% 1.75%
Help to Buy: ISA – monthly interest (variable rate)
Effective date 7 July 2023
Balance
 Up to £12,000
Amount
 Up to £200 per month
Gross 3.45%
AER 3.50%
Effective date 10 August 2023
Balance
 £12,000+
Amount
 Up to £200 per month
Gross 1.98%
AER 2.00%
Effective date 8 June 2023 to 6 July 2023
Balance
 Up to £12,000
Amount
 Up to £200 per month
Gross 2.96%
AER 3.00%
Effective date 7 July 2023 to 9 August 2023
Balance
 £12,000+
Amount
 Up to £200 per month
Gross 1.74%
AER 1.75%

Young Saver

Young Saver - Monthly interest (variable rate)
Effective date
 Amount
 Gross
 AER
10 August 2023 £1+ 2.23% 2.25%
20 July 2023 to 9 August 2023 £1+ 1.98% 2.00%
Young Saver - Monthly interest (variable rate)
Effective date
 10 August 2023
Amount
 £1+
Gross
 2.23%
AER
 2.25%
Effective date
 20 July 2023 to 9 August 2023
Amount
 £1+
Gross
 1.98%
AER
 2.00%

Explore more

Regular Savings Account

 

Save between £25 and £250 every month with a 12-month fixed rate account. Available to customers with a current account (excluding Basic Bank Account).

Fixed vs variable rate savings accounts

 

Choose the right type of account for you.

All our savings accounts

 

Make your money grow. Choose from fixed-term or easy access accounts.

† Private Clients Savings Account customers also receive these credit rates. Please note that this account is no longer sold. Investment Management (HSBC Premier Financial Advice): Overdraft interest on outstanding overdrawn balances is calculated daily at 3% above base rate.

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 paid before any tax (where applicable) has been deducted.

Tax-free means free from UK Income Tax and Capital Gains Tax.

ISA stands for Individual Savings Account.

All rates are variable unless otherwise indicated.

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