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Explore our savings accounts

Take a look at our full range of savings accounts. Whether you want to save a lump sum or a little each month, we've got an account for you.

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]

Compare savings accounts from HSBC

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.

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 £25 to £250 every month with our 12-month fixed rate account. For current account customers only (not including Basic Bank Account).[@savings-accounts]

Key information
Interest rate: 5.00% AER/gross
Instant access: No (restrictions apply)

Interest is paid after 12 months and the rate is fixed.

Our most flexible savings account. Deposit money and make withdrawals as often as you like, and access your account the way you want.

Key information
Interest rate: 2.00% AER / 1.98% gross

Instant access: Yes


Interest is paid monthly and the rate is variable.

An easy way to save for 7 to 17 year olds. Start saving from just £10, whether it's your pocket money or wages from your job.

Key information
Up to £3,000: 5.00% AER / 4.89% gross
Over £3,000: 2.25% AER / 2.23% gross
Instant access: Yes

Interest is paid monthly and the rate is variable.

Lock in a loyalty interest rate for 12 months each time you pay into your account. For current account customers only.

Key information
Loyalty rate: 2.85% AER (2.81% tax free)

Premier customer loyalty rate: 3.20% AER (3.15% tax free)

Standard rate: 2.50% AER (2.47% tax free)

Instant access: Yes


Interest is paid monthly and the rate is variable.

Help your money work harder with our flexible savings account exclusively for HSBC Premier customers.

Key information
Interest rate: 2.25% AER / 2.23% gross
Instant access: Yes

Interest is paid monthly and the rate is variable.

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.