HSBC savings accounts

HSBC offers a range of financial products which includes investments, credit cards, loans, insurance – and mortgages.

Under its savings banner, the bank also offers a range of options such as ISAs, fixed rate bonds, regular savings and easy access accounts, which can offer competitive rates both online and offline. However, it’s important to compare any HSBC deals with the wider savings market before investing.

Compare HSBC savings accounts - Ordered by interest rate (AER)

    • Provider/Product name Online Bonus Saver


      Online Bonus Saver

    • Interest rate (AER) 0.75% Variable
    • Min/Max opening amount £1 to £50,000
    • Notice / Term Notice Period: none
    • Account type Easy Access Account
    • Access Internet Post Telephone In Branch
    • Sorry, we have no link

      More details

    • Provider/Product name Regular Saver (Preferential Rate)


      Regular Saver (Preferential Rate)

    • Interest rate (AER) 6.00% Fixed
    • Min/Max opening amount £25 to £3,000
    • Notice / Term Term: 1 year bond
    • Account type Regular Saver Account
    • Access Internet Post Telephone In Branch
    • Sorry, we have no link

      More details

    Existing Customers Only

    You must hold a HSBC Bank Account, Bank Account Pay Monthly, Graduate Bank Account, HSBC Premier, HSBC Advance or HSBC Graduate (Advance)

    Great for
    Committed regular savers
    But be aware that
    You must deposit a minimum of £25 and a maximum of £250 in the account each month
    Withdrawals are not permitted within a one year term
    Maximum balance that can be held is £3,000
    • Provider/Product name Premier Savings


      Premier Savings

    • Interest rate (AER) 0.10% Variable
    • Min/Max opening amount £1 to £ no limit
    • Notice / Term Notice Period: instant
    • Account type Easy Access Account
    • Access Internet Post Telephone In Branch
    • Sorry, we have no link

      More details

HSBC Savings Guide

As a first step to choosing the right savings account you need to decide if you’re happy to lock up your money for a specific period, or require access to your cash.

If you are happy to tie up your savings for, say, a year or more then a fixed-rate savings account would be suitable. However, if you are building a fund you might want to dip into in the short-term then an easy access account is a better option.

As a first port of call you should opt for a cash ISA before considering other savings accounts. This way you’ll benefit from tax-free interest on your savings up to the annual allowance. As with other accounts, however, make sure you pick one to suit your situation and savings goals.

The first £85,000 of any savings held with HSBC is protected by the Financial Services Compensation Scheme (FSCS). Remember that this protection applies per bank, not per banking institution so if you also have savings with First Direct, still only the first £85,000 in total will be covered.


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