HSBC Regular Saver
Start saving from just £25. Set up a standing order from your HSBC account to pay between £25 and £250 into your Regular Saver each month. If your regular payments are less than £250 a month, you can carry your allowance over, paying more in later months (up to a total of £3,000).
Keep your money saved for a year. To benefit from the rate 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.
Receive a lump sum. At the end of 12 months, we'll transfer your balance into your 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.
Regular Saver coming to an end?
If you’re thinking about what to do next, here are some maturity options. Depending on your circumstances, you could open a new Regular Saver, consider other savings products, repay debts or explore investing.
For the purpose of this calculation, it is assumed that 12 monthly deposits are made as shown, and no withdrawals are made.
Projection provided for illustrative purposes only and does not take into account individual circumstances. The figures are approximate and you may receive slightly more or less than is shown.
What is the account name?
What is the interest rate?
|All balances||5.00% AER (5.00% Gross)|
|Interest rate||5.00% AER (5.00% Gross)|
Interest is calculated daily and is credited at the end of the 12 month fixed term.
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||Interest rate||Total deposits
after 12 months
|Balance at end of 12 months|
|£25||5.00% AER (5.00% Gross)
|£250||5.00% AER (5.00% Gross)
5.00% AER (5.00% Gross)
after 12 months
|Balance at end of 12 months||£308.13|
5.00% AER (5.00% Gross)
after 12 months
|Balance at end of 12 months||£3081.25|
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?
- you must be aged 18 years or over
- 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:
This account can be opened in sole or joint names.
- open a sole account via online banking or in a branch
- open a joint account via phone banking or in a branch
- the minimum deposit in month 1 is £25
- the maximum balance is £3,000 at the end of the 12 month term
- 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, 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?
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 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.
- 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 1 December 2022.
How to apply
To open a Regular Saver, you need to hold an active HSBC current account (excluding Basic Bank Account).
If you're not yet an HSBC customer, find out more about our current accounts.
Please note, we only allow one Regular Saver per customer.
Not registered yet?
Apply in branch
Before applying, please take the time to read the following documents. You may also want to save them for future reference.
Frequently Asked Questions
How much can I save?
How can I access my savings?
How does interest work on this account
When will the regular payments be made?
You might also be interested in
Whatever your goals, putting money aside today could have a big impact on your future.
Eligibility criteria and fees apply. You may get back less than you invest. You should aim to invest for at least 5 years.