HSBC savings accounts and rates

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

3.9 ★★★★★ (251 reviews) Write a review
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 one of its regular savings accounts.

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 6%.
Product Account type Withdrawals Min. opening balance Rate Deposit protection Open via Incentive
HSBC logo
HSBC Online Bonus Saver
Variable Rate
Instant access
£1
4% AER variable (on balances up to £50,000)
FSCS logo
protected
Open via: website, mobile app. Existing customers only
Go to siteMore info
HSBC logo
HSBC Premier Savings
Variable Rate
Instant access
£1
1.5% AER variable (on balances up to £49,999)
FSCS logo
protected
Open via: branch, website, mobile app. Existing customers only
Go to siteMore info
HSBC logo
HSBC Flexible Saver
Variable Rate
Instant access
£1
1.35% AER variable
FSCS logo
protected
Open via: branch, website, mobile app.
Go to siteMore info
loading
Showing 3 of 3 results
Compare more instant and easy access accounts up to 6%

Cash ISAs

Table: sorted by interest rate
HSBC's best cash ISA rate of 4% is lower than today's market-best rate of 5.44%.
3 of 3 results
Product Rate Minimum investment Interest paid Withdrawals Deposit protection Open via Incentive Table product description
HSBC logo
HSBC Fixed Rate Cash ISA
4% AER fixed for 1 year
£500
Maturity
Instant access (charge applies )
FSCS logo
protected
Open via: branch, website, telephone. Existing customers only
Go to siteMore info
HSBC logo
HSBC Loyalty Cash ISA - Premier
2.5% AER variable
£1
Monthly
Instant access
FSCS logo
protected
Open via: branch, website, post, telephone. Existing customers only
Go to siteMore info
HSBC logo
HSBC Loyalty Cash ISA
2.3% AER variable
£1
Monthly
Instant access
FSCS logo
protected
Open via: branch, website, post, telephone. Existing customers only
Go to siteMore info
loading
Showing1 - 3 of 3 results
Compare more ISAs up to 5.44%

Fixed-rate bonds

Table: sorted by interest rate
HSBC's best fixed-rate bond rate of 4% is significantly lower than today's market-best rate of 7.5%.
4 of 4 results
Product Rate Invest Interest paid Withdrawals Open via Deposit protection Open via Incentive Table product description
HSBC logo
HSBC 1 Year Fixed Rate Saver Monthly
3.8% AER fixed for 1 year
From £2,000
Monthly
Withdrawals not permitted
Branch, website, telephone
FSCS logo
protected
Open via: branch, website, telephone. Additional account needed.
Go to siteMore info
HSBC logo
HSBC 1 Year Fixed Rate Saver
3.8% AER fixed for 1 year
From £2,000
Maturity
Withdrawals not permitted
Branch, website, telephone
FSCS logo
protected
Open via: branch, website, telephone. Additional account needed.
Go to siteMore info
HSBC logo
HSBC 2 Year Fixed Rate Saver Monthly
3.75% AER fixed for 2 years
From £2,000
Monthly
Withdrawals not permitted
Branch, website, telephone
FSCS logo
protected
Open via: branch, website, telephone. Additional account needed.
Go to siteMore info
HSBC logo
HSBC 2 Year Fixed Rate Saver
3.75% AER fixed for 2 years
From £2,000
Annually
Withdrawals not permitted
Branch, website, telephone
FSCS logo
protected
Open via: branch, website, telephone. Additional account needed.
Go to siteMore info
loading
Showing1 - 4 of 4 results
Compare more fixed-rate bonds up to 7.5%

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%.
Product AER Save Withdrawal notice Interest paid Deposit protection Open via Incentive Table product description
HSBC logo
HSBC Regular Saver
5% fixed for 1 year
£25 to £250 per month
1 year
Maturity
FSCS logo
protected
Open via: branch, website, telephone. Existing customers only
Go to siteMore info
loading
Showing1 - 1 of 1 results
Compare more regular savings accounts up to 8%

Business savings accounts

Table: sorted by interest rate
HSBC's best business savings account rate of 1.65% is significantly lower than today's market-best rate of 4.55%.
3 of 3 results
Product Interest rate Interest paid Open with Term Incentive Table product description
HSBC logo
HSBC Business Money Manager
1.65% AER variable
Quarterly
From £0
Instant access
Go to siteMore info
HSBC logo
HSBC Kinetic Savings Account
1.65% AER variable
Monthly
From £0
Instant access
Go to siteMore info
HSBC logo
HSBC Business Money Manager Monthly
1.65% AER variable
Monthly
From £0
Instant access
Go to siteMore info
loading
Showing1 - 3 of 3 results
Compare more business savings accounts up to 4.55%

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%
Best fixed-rate bond rate 4%
Best regular saver rate 5%
Best business savings account rate 1.65%
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. Do you have a lump sum to invest or do you want to put a small amount aside 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)

HSBC customer reviews

In our independent 2025 customer satisfaction survey, 87% of HSBC’s users said they’d recommend the brand to a friend.

The HSBC app has a rating of 4.8 out of 5 from over 1.5 million reviews on the App Store. On Google Play, the app has a score of 4.7 from over 352,000 Android app users (updated April 2025).

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.
  • Children’s savings options. HSBC also offers a kids’ savings account.

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 is provided by Defaqto. In other cases, Finder has sourced data directly from providers.

Your reviews

3.9
★★★★★(0)
5
4
3
2
1

All user-submitted reviews must meet our review guidelines. These set out our standards and expectations, including that the review is from by a genuine user of the relevant product or service and that it is honest, authentic and respectful. We explicitly prohibit fake or otherwise misleading reviews and we check all submissions, but we make no guarantee as to the authenticity of any published review or reviewer. Some reviews may be submitted (regardless of sentiment) in exchange for entry into any competition(s) for which we are the promoter.

10 of 251 reviews

★★★★★ Gill (London) 6 months ago

Via customer survey commissioned by Finder

Had for a few years now and never any problems


★★★★★ Maureen (Bristol) 6 months ago

Via customer survey commissioned by Finder

Their rates could be more competitive


★★★★★ Charlie (London) 6 months ago

Via customer survey commissioned by Finder

They have good customer service support. They offer special promotions


★★★★★ Alan (Manchester) 6 months ago

Via customer survey commissioned by Finder

Offers a range of savings account including regular savings and fixed term deposits


★★★★★ Graham (Sheffield) 6 months ago

Via customer survey commissioned by Finder

They offer good rates of interest but other banks offer better


★★★★★ Maxine (Liverpool) 6 months ago

Via customer survey commissioned by Finder

I've never had any problems with them


★★★★★ Terry (London) 6 months ago

Via customer survey commissioned by Finder

Easy to use and reasonable interest rate


★★★★★ Rob (Norwich) 6 months ago

Via customer survey commissioned by Finder

HSBC never had a problem with them


★★★★★ Olivia (Glasgow) 6 months ago

Via customer survey commissioned by Finder

It gives good interest rates the only problem is that I have exhausted my savings.


★★★★★ Seun (Nottingham) 6 months ago

Via customer survey commissioned by Finder

Excellent in branch experience


Felix Thompson's headshot
Written by

Writer

Felix Thompson is a freelance writer at Finder. He covers everything from digital banking to car insurance and, whatever the topic, he aims to make it easy for consumers to get straight to the best deal. Felix has a postgraduate qualification in international journalism and is also a broadcast journalist. In his spare time, he loves to cycle. See full bio

More guides on Finder

Go to site