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*1 The fixed preferential rate of 5% AER/gross over 12 months is available to HSBC Advance customers, who open a new Regular saver account. Save between £25 and £250 per month by standing order from your HSBC Advance bank account for a fixed term of 12 months. If you do not save £250 in any given month you can carry over any unused subscription to following months. Interest is calculated on the daily cleared balance on your Regular saver and we will pay this to your Regular saver on the anniversary of the date your account was opened. For example, if you saved £250 every month for 12 months a total of £3000 will be paid in to your account during the 12 month term. At 5% you would earn approximately £81 interest (gross). Partial withdrawals are not allowed during the 12 month term. If you close your Regular saver before the anniversary, we will pay interest at the same rate as we would apply to an equivalent amount held in a Flexible saver. You can only hold one Regular saver at any given time.
AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year. All credit interest will be paid gross. Gross is the rate of interest if interest were paid and not compounded each year.
*2 Available up to 90% loan to value (LTV). Maximum loan size may apply. Applies to residential applications only.
*3 Subject to meeting HSBC's proof of Channel Islands and Isle of Man address requirements.
*4 Your cashback will be dependent on the loan not being paid off early or ended by us. You must be a HSBC Advance customer at the time the loan is taken out. Interest cashback is offered on Personal loans from £1,000 to £25,000, over 12 to 60 months. Our Personal loans are subject to status and account conduct. Loan applicants must be UK, Channel Isles or Isle of Man resident aged 18+ and have an annual income/pension before tax of £10,000 or more. The rate you pay depends upon a credit assessment of your personal circumstances and the loan amount; this may differ from the rate advertised.
*5 As compared to our Bank account and Bank account pay monthly.
*6 Subject to status and account conduct
*7 Some cash machine operators may apply a direct charge for withdrawals from their cash machines. This will be advised at the time of the withdrawal.
*Preferential rates and terms vary by product and are preferential when compared to either our Advance, Bank or Current account products.
HSBC Premier financial advice service is only available to Channel Islands and Isle of Man residents who have £50,000 or more in savings and investments and who are at least 18 years old. We charge for our Premier financial advice service - our fees vary depending on your individual needs. Your adviser will clearly explain our fees up-front and the type of advice we offer in your initial, no-obligation consultation.
Think carefully before securing other debts against your property. Your property may be repossessed if you do not keep up repayments on your mortgage.
HSBC Premier is available to you, as long as you pay your annual income into your HSBC Premier bank account and either:
1. Have savings or investments of at least £50,000 with HSBC in the Channel Islands or Isle of Man; or
2. Have an individual annual income of at least £75,000 and one of the following products with HSBC in the Channel Islands or Isle of Man:
- a mortgage;
- an investment, life insurance or protection product;
Or, qualify for HSBC Premier in another country.
Please note: This excludes HSBC UK, M&S Bank, First Direct and HSBC Expat. For the second criteria, in the case of a joint account, at least one of the parties must have an individual annual income of at least £75,000. The investment, life insurance or protection products also includes those purchased through one of HSBC's advisers.
If you'd like to open an HSBC Premier account please ensure you can answer YES to the following:
You need to be 18 years or older.
Your residential address must be within the Channel Islands or Isle of Man.
You must be able to provide us with certified proof of your identity and address and one month's bank statements from your current bank (translated into English if appropriate).
You are happy for us to undertake a credit register search (PDF).
In order to qualify for lending, savings and travel insurance benefits and preferential rates you will need to be a resident in the UK, Channel Islands or Isle of Man. This is subject to status and meeting HSBC's proof of Channel Islands and Isle of Man address requirement.
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Please ensure you can answer YES to the following questions:
Please note
If you already hold an HSBC Student bank account, please let us know and we'll transfer you to a Graduate account.
Please ensure you can answer YES to the following questions:
*1 If for any reason you or your parent or guardian does not want a Visa debit card, then please get in touch with us and we can stop one from being sent out to you.
Please ensure you can answer YES to the following questions:
If you're under 16, you will also need to get your application signed by a parent or guardian.
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