HSBC savings accounts and rates

HSBC offers a broad range of savings accounts with interest rates up to 5%.

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HSBC

HSBC is one of the “big four” banks in the UK and is one of the largest banking organisations in the world. It offers a broad range of savings accounts and ISAs that will fit any budget or saving plan.

HSBC's top savings rate of 5% is available on its regular savings account.

Easy access savings accounts

Table: sorted by interest rate
HSBC's best easy access rate of 4% is significantly lower than today's market-best rate of 7.49%.
1 - 5 of 6
Name Product Account type Withdrawals Min. opening balance Interest rate Deposit protection Open via Incentive Apply link
HSBC – Online Bonus Saver
Variable
Instant access
£1
4% AER variable (on first £50,000)
FSCS logo
protected
Open via: website
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HSBC – Loyalty Cash ISA - Premier customers
Cash ISA
Instant access
£1
3.2% AER variable (includes a 0.87% bonus )
FSCS logo
protected
Open via: branch, website, post
Go to site
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HSBC – Loyalty Cash ISA - Current Account customers
Cash ISA
Instant access
£1
2.85% AER variable (includes a 0.39% bonus )
FSCS logo
protected
Open via: branch, website, post
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HSBC – Premier Savings
Variable
Instant access
£1
2.25% AER variable
FSCS logo
protected
Open via: branch, website
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HSBC – Online Bonus Saver
Variable
Instant access
£1
2% AER variable
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protected
Open via: website
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Cash ISAs

Table: sorted by interest rate
HSBC's best cash ISA rate of 4.6% is very slightly lower than today's market-best rate of 5.1%.
1 - 3 of 3
Name Product Interest rate Minimum investment Interest paid Withdrawals Deposit protection Open via Incentive Table product description Apply link
HSBC – Fixed Rate Cash ISA
4.6% AER fixed for 1.1 years
£500
On maturity
Withdrawals not permitted
FSCS logo
protected
Open via: branch, website, post
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HSBC – Loyalty Cash ISA - Premier customers
3.2% AER variable (includes a 0.87% bonus )
£1
Monthly
Instant access
FSCS logo
protected
Open via: branch, website, post
Go to site
View details
HSBC – Loyalty Cash ISA - Current Account customers
2.85% AER variable (includes a 0.39% bonus )
£1
Monthly
Instant access
FSCS logo
protected
Open via: branch, website, post
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Fixed-rate bonds

Table: sorted by interest rate
HSBC's best fixed-rate bond rate of 4.6% is slightly lower than today's market-best rate of 5.5%.
1 - 4 of 4
Name Product Interest rate Invest Interest paid Withdrawals Open via Deposit protection Open via Incentive Table product description Apply link
HSBC – Fixed Rate Savings
4.6% AER fixed for 1 year
£2,000 - £1,000,000
Monthly
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website
Go to site
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HSBC – Fixed Rate Savings
4.6% AER fixed for 1 year
£2,000 - £1,000,000
Anniversary of account opening
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website
Go to site
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HSBC – Fixed Rate Savings
4.1% AER fixed for 2 years
£2,000 - £1,000,000
Monthly
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website
Go to site
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HSBC – Fixed Rate Savings
4.1% AER fixed for 2 years
£2,000 - £1,000,000
Anniversary of account opening
Withdrawals not permitted
Branch, website
FSCS logo
protected
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Regular savings accounts

Table: sorted by interest rate
HSBC's best regular savings account rate of 5% is significantly lower than today's market-best rate of 8%.
Name Product AER Save Withdrawal notice Interest paid Deposit protection Open via Incentive Apply link
HSBC – Regular Saver
5% fixed for 1 year (on first £3,000)
£25 to £250 per month
1 year bond
On maturity
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Business savings accounts

Table: sorted by interest rate
HSBC's best business savings account rate of 1.96% is significantly lower than today's market-best rate of 5.25%.
Name Product Interest rate and type Interest paid Invest Term Open via Incentive Table product description Apply link
HSBC – Business Money Manager
1.96% AER variable
Monthly
£1 - £99,999
Instant access
Open via: branch, website, telephone
Go to site
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HSBC – HSBC Kinetic Savings Account
1.96% AER variable
Monthly
£1 - £99,999
Instant access
Open via: mobile app
Go to site
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What is HSBC's best savings account with the highest interest rate?

The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.

Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts HSBC offers, plus the highest interest rate currently available.

Savings account types include Easy access, cash ISAs, fixed-rate bonds, regular savers, business
Best easy access rate 4%
Best cash ISA rate 4.6%
Best fixed-rate bond rate 4.6%
Best regular saver rate 5%
Best business savings account rate 1.96%
Fixed bond terms 1 year - 2 years
Opening options Branch, website, mobile app, post, telephone
FSCS protection

Didn’t find the account type you were looking for? Check our other guides:

How do I decide which account is for me?

First, you will need to decide what you’re looking for in a savings account. You will need to consider how often you are planning to withdraw money and how much money you can afford to save each month.

You need to work out what you need before comparing the different offers available for certain types of savings accounts. Once you’ve done that, it’s useful to look at the following:

  • Interest rates
  • Fees (if there are any)
  • Access to cash (if you need quick access, for instance)
  • Rewards and loyalty schemes (if you’re into add-ons or switching bonuses)

HSBC customer reviews

In our independent 2024 customer satisfaction survey, 93% of HSBC’s users said they’d recommend the brand to a friend. Customers highlighted the bank’s competitive rates and helpful customer service. Here’s what some of those HSBC customers had to say:

“The staff in branch are so kind and helpful. And the online banking is so easy to use. I couldn’t wish for better”

“HSBC has a range of different savings options which give you flexibility. This gives customers lots the opportunity to choose what best suits them”

The HSBC app has a rating of 4.8 out of 5 from over 1.3 million reviews on the App Store. On Google Play, the app has a score of 4.7 from over 260,000 Android app users (February 2024).

What are the pros and cons of banking with HSBC?

Pros

  • Online banking. There’s no need for a high-street appointment, simply apply and manage your accounts online.
  • Flexibility. HSBC offers a range of accounts, whether you’re looking for easy access or long-term gains.
  • Decent interest rates. The regular savings account offers particularly competitive interest rates.

Cons

  • Better rates elsewhere? HSBC mostly doesn’t have market leading rates, so shop around and see if you can get higher rates elsewhere.

Customer service information for HSBC

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Our verdict

HSBC offers a vast range of savings accounts and other options to help you manage your money, whether you want to lock it away for a set amount of time, or would rather to be able to access it whenever required. So you should find an account to suit you.

Don’t forget, though, to check our round-up of the best savings deals first, to see how HSBC savings accounts weigh up against the competition in terms of rates, fees and perks.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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