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HSBC Regular Saver

Simply our highest savings rate
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HSBC Regular Saver

When you have some extra cash to put aside each month, the HSBC Regular Saver is a great way to watch your balance grow. You can save up to £3,000 at an interest rate that’s fixed for 12 months – either 3% or 5% AER/gross depending on which current account you hold with us.
  • Enjoy a preferential rate of 5% AER/gross If you're an HSBC Premier1 or HSBC Advance2 customer, you'll get a fixed rate of 5% AER/gross (providing you keep the account for the period you hold a Regular Saver with us)

  • Earn 3% AER/gross  If you're an existing HSBC Bank Account3, Bank Account Pay Monthly4 , Student Bank Account  or Graduate Bank Account customer, you’ll earn a fixed rate of 3% AER/gross.

  • Keep your money in for a year To benefit from the great rates on this account, you won’t be able to make partial withdrawals at any time during the 12 months. You can choose to close your account early, but if you do, you'll receive interest at our Flexible Saver rate.

  • Start saving from just £25  You can choose to set up a standing order to pay between £25 and £250 into your Regular Saver Account each month, up to a total of £3,000. (If your regular payments are less than £250, you can carry your allowance over and pay more in later months.) 

  • Receive a lump sum  At the end of 12 months, we'll transfer your balance into your Instant Access Savings, Flexible Saver or Premier Savings account. If you have more than one of these, we'll choose whichever pays the best interest. If you don't have any, we'll convert your Regular Saver to a Flexible Saver for you.

Open a Regular Saver today

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

Key product information

How it works

You'll get a fixed rate of 5% AER/gross if you're an HSBC Premier or HSBC Advance customer (providing you keep the account for the period you hold a Regular Saver with us).1

You'll get a fixed rate of 3% AER/gross if you're a Bank Account, Bank Account Pay Monthly, Student Bank Account or Graduate Bank Account customer2.

You can choose to set up a standing order to pay between £25 and £250 into your Regular Saver Account each month, up to a total of £3,000. (If your regular payments are less than £250, you can carry your allowance over and pay more in later months.)

Please note, you can only hold one Regular Saver Account at any given time.

 

Summary box

          

Question

Answer

What is the account name?

Regular Saver

What is the interest rate?

Standard Rate

Interest rate on all balances: 3.00% AER (3.00% Gross)

 

Preferential rate

Interest rate on all balances: 5.00% AER (5.00% Gross)

 

Interest is calculated daily and is credited at the end of the 12 month fixed term.

Standard rates available to Bank Account, Bank Account Pay Monthly, HSBC Student Bank Account and Graduate Bank Account customers.

Preferential rates only available to HSBC Premier or HSBC Advance customers.

Can HSBC change the interest rate?

No, once your account is opened the rate will remain fixed for the 12 month term.

What would the estimated balance be after 12 months based on 12 regular monthly deposits of £25 and £250?

Monthly Deposits of £25

 

Standard rate

Interest rate: 3.00% AER (3.00% Gross)

Total deposits after 12 months: £300

Balance at end of 12 months: £304.88

 

Preferential rate

Interest rate: 5.00% AER (5.00% Gross)

Total deposits after 12 months: £300

Balance at end of 12 months: £308.12

 

Monthly Deposits of £250

 

Standard rate

Interest rate: 3.00% AER (3.00% Gross)

Total deposits after 12 months: £3000

Balance at end of 12 months: £3,048.75

 

Preferential rate

Interest rate: 5.00% AER (5.00% Gross)

Total deposits after 12 months: £3000

Balance at end of 12 months: £3,081.25

 

For the purpose of this calculation, it is assumed:-

  • 12 monthly deposits of £25 or £250
  • 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?

Eligibility:

  • You must have one of the following HSBC current accounts: HSBC Premier, HSBC Advance, Bank Account, Bank Account Pay Monthly, HSBC Student Bank Account or Graduate Bank Account which you must maintain for the 12 month duration.

 

How to open the account:

  • If you have a HSBC Premier, HSBC Advance, Bank Account, Bank Account Pay Monthly, or Graduate Bank Account you can open an account via Online Banking, Telephone Banking or in branch
  • If you have a HSBC Student Bank Account, you can open a Regular Saver via Telephone Banking or in Branch. 

 

Minimum/Maximum Balance:

  • The minimum deposit in month 1 is £25
  • The maximum balance is £3,000 at the end of the 12 month term

 

Regular Deposits:

  • Regular deposits must be made by standing order each month
  • The minimum monthly deposit is £25 per month
  • The maximum monthly deposit is £250 per month
  • If you don't pay in the maximum allowed in any month, you can carry over the unused subscriptions and catch up in future months

 

How to manage the account

  • Once opened you can view your account balance via Online Banking, our Mobile Banking App, in branch or via Telephone Banking. You can change the amount of your standing order via Telephone Banking.

Can I withdraw money?

No, you can not make partial withdrawals.

You can close your account before the end of the 12 month term however you will receive interest up to the date of closure at our Flexible Saver rate.

At the end of 12 months we'll transfer your savings into your Instant Access Savings, Flexible Saver or Premier Savings. If you have more than one of these accounts we'll pay your savings into the account which pays the best interest. And if you don't have any of these accounts, we'll convert your Regular Saver to a Flexible Saver.

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 if interest were paid and not compounded each year.

Rates correct as at 06.04.18

Summary box

          

Question

What is the account name?

Answer

Regular Saver

Question

What is the interest rate?

Answer

Standard Rate

Interest rate on all balances: 3.00% AER (3.00% Gross)

 

Preferential rate

Interest rate on all balances: 5.00% AER (5.00% Gross)

 

Interest is calculated daily and is credited at the end of the 12 month fixed term.

Standard rates available to Bank Account, Bank Account Pay Monthly, HSBC Student Bank Account and Graduate Bank Account customers.

Preferential rates only available to HSBC Premier or HSBC Advance customers.

Question

Can HSBC change the interest rate?

Answer

No, once your account is opened the rate will remain fixed for the 12 month term.

Question

What would the estimated balance be after 12 months based on 12 regular monthly deposits of £25 and £250?

Answer

Monthly Deposits of £25

 

Standard rate

Interest rate: 3.00% AER (3.00% Gross)

Total deposits after 12 months: £300

Balance at end of 12 months: £304.88

 

Preferential rate

Interest rate: 5.00% AER (5.00% Gross)

Total deposits after 12 months: £300

Balance at end of 12 months: £308.12

 

Monthly Deposits of £250

 

Standard rate

Interest rate: 3.00% AER (3.00% Gross)

Total deposits after 12 months: £3000

Balance at end of 12 months: £3,048.75

 

Preferential rate

Interest rate: 5.00% AER (5.00% Gross)

Total deposits after 12 months: £3000

Balance at end of 12 months: £3,081.25

 

For the purpose of this calculation, it is assumed:-

  • 12 monthly deposits of £25 or £250
  • 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.

Question

How do I open & manage my account?

Answer

Eligibility:

  • You must have one of the following HSBC current accounts: HSBC Premier, HSBC Advance, Bank Account, Bank Account Pay Monthly, HSBC Student Bank Account or Graduate Bank Account which you must maintain for the 12 month duration.

 

How to open the account:

  • If you have a HSBC Premier, HSBC Advance, Bank Account, Bank Account Pay Monthly, or Graduate Bank Account you can open an account via Online Banking, Telephone Banking or in branch
  • If you have a HSBC Student Bank Account, you can open a Regular Saver via Telephone Banking or in Branch. 

 

Minimum/Maximum Balance:

  • The minimum deposit in month 1 is £25
  • The maximum balance is £3,000 at the end of the 12 month term

 

Regular Deposits:

  • Regular deposits must be made by standing order each month
  • The minimum monthly deposit is £25 per month
  • The maximum monthly deposit is £250 per month
  • If you don't pay in the maximum allowed in any month, you can carry over the unused subscriptions and catch up in future months

 

How to manage the account

  • Once opened you can view your account balance via Online Banking, our Mobile Banking App, in branch or via Telephone Banking. You can change the amount of your standing order via Telephone Banking.

Question

Can I withdraw money?

Answer

No, you can not make partial withdrawals.

You can close your account before the end of the 12 month term however you will receive interest up to the date of closure at our Flexible Saver rate.

At the end of 12 months we'll transfer your savings into your Instant Access Savings, Flexible Saver or Premier Savings. If you have more than one of these accounts we'll pay your savings into the account which pays the best interest. And if you don't have any of these accounts, we'll convert your Regular Saver to a Flexible Saver.

Question

Additional Information

Answer

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 if interest were paid and not compounded each year.

Rates correct as at 06.04.18

 

 

How to apply

Apply online

If you’re registered for online banking and have a HSBC Premier, HSBC Advance, Bank Account, Bank Account Pay Monthly or Graduate Bank Account qualifying HSBC current account, you can log on to apply for the Regular Saver in just a few minutes. If you have a HSBC Student Bank Account you can currently only apply for a Regular Saver account by phone or in branch.

 

If you already have a HSBC Premier, HSBC Advance, Bank Account, Bank Account Pay Monthly or Graduate Bank Account, you can register for online banking. Once you’ve received your security details, you’ll be able to apply for and manage a Regular Saver account online. If you have a HSBC Student Bank Account you can currently only apply for a Regular Saver account by phone or in branch.

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Frequently Asked Questions

Terms and Conditions

1HSBC Premier is subject to financial eligibility criteria. 

2HSBC Advance Bank Account is subject to financial eligibility criteria and is available to customers who pay in £1,750 or more each month (or a minimum of £10,500 every six months), not including money transferred from other sole or joint personal accounts held with HSBC Bank. 

3HSBC Bank Account requires a minimum of £500 per month to be paid into the account. This does not apply if you're under the age of 24. 

4HSBC Bank Account Pay monthly costs £10 per month. 

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