Help your money grow. Get it when you want
Want to save but don't fancy locking your money away for a year or more? One of our easy access savings accounts could be just what you're after. Open an account today and enjoy instant access to your cash.
Why choose an HSBC easy access savings account?
Earn tax-free interest
The first £1,000 you earn in interest each tax year is tax-free if you're a basic rate taxpayer, so more stays in your pocket.1
Get your money when you need it
No waiting. No fuss. Withdraw your money easily online or at a Full Service or Cash Service branch.
Manage your account easily on the go
Use online banking or our Mobile Banking app to manage your account wherever and whenever you want.
Get started from just £1
Making it easy to start saving with however much money you've got.
Our easy access savings accounts
Online Bonus Saver
Get a higher interest rate in any months you don't make a withdrawal. For existing HSBC customers only. You can only open this account online.
- Bonus rate up to £50,000: 4.00% AER / 3.93% gross
- Bonus rate over £50,000: 2.30% AER / 2.28% gross
- Standard rate: 2.00% AER / 1.98% gross
- Minimum deposit: £1
Interest is paid monthly and the rate is variable.
Flexible Saver
Our most flexible savings account. Save and make withdrawals as often as you like, and access your account the way you want.
- Interest rate: 2.00% AER / 1.98% gross
- Minimum deposit: £1
Interest is paid monthly and the rate is variable.
Premier Savings
Help your money work harder with our flexible savings account exclusively for HSBC Premier customers.
- Interest rate: 2.25% AER / 2.23% gross
- Minimum deposit: £1
Interest is paid monthly and the rate is variable.
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Additional information
AER stands for annual equivalent rate. This shows you what the interest rate would be if interest was paid and compounded once each year. Gross is the rate of interest paid before any tax (where applicable) has been deducted. |
1. Thanks to the Personal Savings Allowance (PSA), basic rate taxpayers can earn up to £1,000 in interest each tax year without having to pay income tax on it. Higher rate (40%) taxpayers can earn up to £500 interest without paying income tax on it, while additional rate (45%) taxpayers aren't entitled to any PSA at all. The value of any tax benefits depends upon your individual circumstances. Tax rules may change in future.