Regular Savings Account

Regular Saver

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

Available to HSBC Premier, HSBC Advance, Bank Account, Bank Account Pay Monthly, HSBC Student Bank Account or Graduate Bank Account customers.

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

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.

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

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 from an HSBC current account 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 HSBC Mobile Banking app, in branch or via telephone banking. You can change the amount of your standing order via telephone banking

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.

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 03.10.2019

If you’re registered for online banking and have a HSBC Premier, HSBC Advance, Bank Account, Bank Account Pay Monthly, Student Bank Account 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 already have a HSBC Premier, HSBC Advance, Bank Account, Bank Account Pay Monthly, Student Bank Account 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.