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Easy access savings accounts

Keep your savings within easy reach

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 from just £1 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 per year is tax-free if you’re a basic rate taxpayer.1
  • Get your money when you need it
    No waiting. No fuss. Withdraw your money instantly in a branch or transfer it to another account online.
  • Manage your account on the go
    Use online banking or our Mobile Banking app to manage your account, 24/7.

Our easy access savings accounts

Online Bonus Saver

Earn bonus interest every month you don’t make a withdrawal, giving you an extra incentive to save. You can only open this account online.

Flexible Saver

Save a little or a lot, it’s your call. Plus, you can open as many accounts as you have reasons to save.

Premier Saver

Make your money work as hard as you do with our savings account especially for HSBC Premier customers.

Interest rates and features compared

  Online Bonus Saver 
Flexible Saver Premier Saver

Interest rate %

AER / gross per year

0.05%

(including bonus interest)2

 

0.01%

(excluding bonus interest)

0.01%

 

 

0.01%

(HSBC Premier customers only)

When is interest added?
Monthly
Monthly
Monthly
Minimum deposit
£1
£1
£1

Unlimited withdrawals?

 

 

 

 

 

 

Yes
Yes

Yes

How can you access your money?

Instant access

(online and mobile banking only)

 

Instant access

(online/mobile/telephone banking/in a branch)

Instant access

(online/mobile/telephone banking/in a branch)

Interest rates and features compared

 

Interest rate %

AER / gross per year

Online Bonus Saver 

0.05%

(including bonus interest)2

 

0.01%

(excluding bonus interest)

Flexible Saver

0.01%

 

 

Premier Saver

0.01%

(HSBC Premier customers only)

  When is interest added?
Online Bonus Saver 
Monthly
Flexible Saver Monthly
Premier Saver Monthly
  Minimum deposit
Online Bonus Saver 
£1
Flexible Saver £1
Premier Saver £1
 

Unlimited withdrawals?

 

 

 

 

 

 

Online Bonus Saver 
Yes
Flexible Saver Yes
Premier Saver

Yes

  How can you access your money?
Online Bonus Saver 

Instant access

(online and mobile banking only)

 

Flexible Saver

Instant access

(online/mobile/telephone banking/in a branch)

Premier Saver

Instant access

(online/mobile/telephone banking/in a branch)

What do ‘AER’ and ‘gross’ mean?

AER stands for ‘annual equivalent rate’. It shows how much interest you’ll earn if you keep your savings in the account for a full year. To make it easy to compare one savings account against another, all banks and building societies show their interest rate as an AER.

'Gross’ rate shows the rate of interest you’d earn before any tax has been deducted. Because the first £1,000 basic rate taxpayers earn in interest per tax-year is tax-free, it may be that you won’t have to pay any tax on the interest you earn.3

More ways to save

Haven’t found what you were looking for? Explore our other savings accounts.

 

Maximise your savings with 2.75% AER/gross, fixed for 12 months.

 

Save up to £20,000 in the 2020/21 tax year, without paying tax on the interest you earn.4

 

Save from £2,000 to £1 million for a fixed term of 1 to 2 years.

If you’re a higher rate taxpayer (40%) you can earn £500 in interest tax-free per year, while additional rate (45%) taxpayers have no tax-exempt savings allowance at all. The value of any tax benefits depends upon your individual circumstances. Tax rules may change in future. Back to Why choose?

If you have more than £10,000 in your account we pay a lower interest rate on the amount above that. The value of any tax benefits depends upon your individual circumstances. Tax rules may change in future. Back to comparison table

3 If you’re a higher rate taxpayer (40%) you can earn £500 in interest tax-free per year, while additional rate (45%) taxpayers have no tax-exempt savings allowance at all. The value of any tax benefits depends upon your individual circumstances. Tax rules may change in future. Back to jargon buster

4 The value of any tax benefits described depends upon your individual circumstances. Tax rules may change in future. Back to More ways to save

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