Online Bonus Saver
Earn bonus interest every month you don't make a withdrawal.
- Access your money anytime. Your savings are always within reach, so you can access your money whenever life happens
- Get rewarded for growing your savings. Don't touch your savings during the month, and we'll reward you with a bonus rate of 3.35% AER / 3.30% gross on balances up to £50,000[@obs-interest-rates]. You can keep topping up your monthly savings too. We calculate bonus interest on your daily balance and pay it monthly, giving your savings an extra boost
- Flexibility without the fuss. If you need to dip into your savings one month, you'll earn the standard rate of 1.05% AER / 1.04% gross for the month. Then your bonus rate bounces straight back the next month (as long as you don't make a withdrawal)
- Track your safety net. Set your savings goal and watch it grow over time in the HSBC UK Mobile Banking app
Open an Online Bonus Saver today
Please read the important product information and check eligibility before you apply.
Summary box
What is the account name?
Online Bonus Saver
What is the interest rate?
| Balance | Current rates |
|---|---|
| Bonus rate - Balances up to £50,000 | 3.35% AER / 3.30% gross |
| Standard rate on all balances | 1.05% AER / 1.04% gross |
| Balance | Bonus rate - Balances up to £50,000 |
|---|---|
| Current rates | 3.35% AER / 3.30% gross |
| Balance | Standard rate on all balances |
| Current rates | 1.05% AER / 1.04% gross |
Interest is calculated daily and credited to the account monthly.
The standard rate of interest is paid in any month where a withdrawal is made or you close your account.
The bonus interest rate is paid each month unless you make a withdrawal or close the account, in which case only the standard rate will apply.
Balances up to £50,000 will earn the higher rate of interest. Only the part of the balance above £50,000 will earn the lower rate of interest.
Can HSBC change the interest rate?
Yes, we can change the interest rate on this account in line with the account's Terms and Conditions.
What would the estimated balance be after 12 months based on a range of deposits?
For the purpose of this calculation, it is assumed:
- Initial deposit of either £1,000 or £60,000
- No additional deposits
- No withdrawal made in any month for the interest rate including bonus calculation
- A withdrawal made in every month for the standard rate calculation (amounts withdrawn not shown for illustrative purposes)
- No change to the interest rate during the 12 months
Projection provided for illustrative purposes only and does not take into account individual circumstances.
How do I open & manage my account?
Eligibility:
- Aged 16 years or over
- Hold an HSBC current or savings account
- Able to manage your account in the mobile app or online banking
How to open the account:
- This account can only be opened in a sole name
- Open an account via the mobile app or online banking
Minimum / maximum balance:
- A minimum of £1 must be deposited to open the account
- There is no maximum balance on this account
How to manage the account
- Once opened, the account can be managed via online banking or the HSBC Mobile Banking app where you can chat to us 24 / 7
- You can also manage the account via Telephone Banking or in branch
Can I withdraw money?
Yes, you have instant access to your account. However if you do make a withdrawal, you’ll receive the standard rate of interest (currently 1.05% AER / 1.04% gross) for that month.
Additional Information
A 14 day cancellation period applies to this account.
We do not deduct tax from any interest paid to you.
Tax benefits depend on individual circumstances and could change in the future.
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
Rates correct as at 12 March 2026
How to apply
Apply for an account in our app
You can apply for an Online Bonus Saver in our app in minutes and get an immediate decision.
Don't have our mobile banking app?
Download the app and register in minutes. Manage your money on the go, with access to your accounts at your fingertips.
Other ways to apply
Additional information
Before applying, please take the time to read the following documents. You may also want to save them for future reference.
Frequently asked questions
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Your eligible deposits with HSBC UK Bank plc are protected up to a total of £120,000, or up to £240,000 for joint accounts, by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme.
This limit is applied to the total of any deposits you have with the following: HSBC UK, HSBC Private Bank, first direct, M&S Bank and M&S Savings and Investments.
Any total deposits you hold above the limit between these brands are unlikely to be covered.