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Premier Savings

The savings account that puts you first

HSBC Premier Savings

Enjoy the flexibility of instant access with an HSBC Premier Savings account. Whether you’re saving to get on the property ladder, or you want to support your family over the longer term.
  • Available to Premier customers only
  • Open an account with £1. How much you save is up to you – with no maximum limit
  • Access your money instantly. No notice is needed, and you can transfer funds instantly
  • Save the way you want. You can put away a lump sum, make a regular standing order or just make payments when it suits you
  • See your money grow. Premier Savings pays you interest every month
  • Manage your money anytime. Once opened, you can manage your account via online, mobile and phone banking or by visiting us in branch
  • Use to reach your savings goals. Set up and track your savings goal in the HSBC Mobile Banking app.

Apply for a Premier Savings Account 

Please read the important product information and check eligibility before you apply.

Summary box

What is the account name?

HSBC Premier Savings

What is the interest rate?

See current interest rates below:
Balance Interest Rate
All balances 2.25% AER / 2.23% gross
See current interest rates below:
Balance All balances
Interest Rate 2.25% AER / 2.23% gross

Interest is calculated daily and is credited to the account monthly.

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

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 £1,000 deposit?

The estimated balance after 12 months based on a £1,000 deposit would be as follows:
Initial deposit
Interest rate
Balance at the end of 12 months
£1,000 2.25% AER / 2.23% gross £1,022.50
The estimated balance after 12 months based on a £1,000 deposit would be as follows:
Initial deposit
Interest rate
2.25% AER / 2.23% gross
Balance at the end of 12 months £1,022.50

For the purpose of this calculation, it is assumed:

  • initial deposit of £1,000
  • no further deposits
  • no withdrawals
  • 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?


  • aged 18 years or over
  • an HSBC Premier customer


How to open the account:

  • this account can be opened in sole or joint names
  • open an account via online banking or in branch


Minimum/Maximum Balance:

  • a minimum of £1 must be deposited to open an account
  • there is no maximum balance


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. You can make as many fee free withdrawals as you like.

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.


  • 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 10 August 2023

How to apply for HSBC Premier Savings

Existing HSBC Premier customers

Apply online

You can apply online in minutes if you're an existing HSBC Premier customer registered for online banking.

You’ll need to contact us to apply if you:

  • want to open a joint account
  • have multiple tax residencies or are a non-UK tax resident

Not registered for online banking yet?

If you already have a qualifying HSBC Premier account, you can register in minutes. Once you get your security details, you can apply for an HSBC Premier Savings account online.

New to HSBC Premier?

To enjoy the benefits of this account, you’ll need to upgrade your existing HSBC current account or open an HSBC Premier current account.


HSBC Premier is available to you, if you pay your annual income into your HSBC Premier Bank Account and have either:

  1. savings or investments of at least £50,000 with HSBC in the UK; or
  2. an individual annual income of at least £75,000 and one of the following products with HSBC in the UK: a mortgage, investment, life insurance or protection product.


Or if you’ve already qualified for HSBC Premier in another country or region.


I already bank with HSBC

Call us: 03457 707070

From outside the UK: +44 1226 260 260

Lines are open 08:00 - 20:00 every day.

I'm not an HSBC customer

Call us: 0800 328 1296

From outside the UK: +44 1226 260 260

Lines are open 08:00 - 20:00 every day
(except for Christmas Day, Boxing Day and New Year's Day.

Frequently asked questions

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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).


Not sure if this is the right account for you? 

Compare all our savings accounts.


Saving for something special? Using our in-app feature can help you reach your goals.

It's easy to answer your query online. Visit our Help page to find out how.