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Fixed Rate Saver

A savings account with a fixed interest rate, so you can plan with confidence.

Why choose a Fixed Rate Saver?

A fixed-rate savings account is a simple way to make your money work harder. Choose your term, deposit a minimum of £2,000 and earn interest at a great fixed rate.

Your interest rate will be calculated based on your term and initial deposit, and because it stays the same throughout, you'll always know what you're going to get.

 

  • Choose a 3-month, 6-month, 1-year, 2-year or 3-year term
  • Deposit a minimum of £2,000
  • Interest paid directly into your HSBC account
  • Set up an account on behalf of a child aged 7 or over

Rates displayed are accurate as of 1 March 2024.

Interest rates

Depending on your term and deposit 3.75% to 4.95% AER /Gross 

Fixed Rate Saver summary

What you need to know about our Fixed Rate Saver account.

Interest is calculated daily and you can choose for it to be paid:

  • Monthly - for 6 month, 1 year, 2 year and 3 year terms
  • Annually - for 1 year, 2 year and 3 year terms
  • At maturity - for 3 month and 6 month terms

If you choose monthly or annual interest, we'll pay it on the anniversary of your account opening. If you choose interest at maturity, we'll pay it on the date your fixed term ends.

The interest will be paid directly into your HSBC current or savings account - the same one you used to pay in your initial deposit.

How much do you want to save?

I want to save between £2,000 and £49,999
Term Interest rate - AER/gross
3 months 4.45%
6 months

4.85%

1 year

4.40%

2 year

4.00%

3 year

3.75%

I want to save between £2,000 and £49,999
Term 3 months
Interest rate - AER/gross 4.45%
Term 6 months
Interest rate - AER/gross

4.85%

Term 1 year
Interest rate - AER/gross

4.40%

Term 2 year
Interest rate - AER/gross

4.00%

Term 3 year
Interest rate - AER/gross

3.75%

I want to save between £50,000 and £249,999
Term Interest rate - AER/gross
3 months 4.45%
6 months

4.90%

1 year

4.45%

2 year

4.05%

3 year

3.80%

I want to save between £50,000 and £249,999
Term 3 months
Interest rate - AER/gross 4.45%
Term 6 months
Interest rate - AER/gross

4.90%

Term 1 year
Interest rate - AER/gross

4.45%

Term 2 year
Interest rate - AER/gross

4.05%

Term 3 year
Interest rate - AER/gross

3.80%

I want to save more than £250,000
Term Interest rate - AER/gross
3 months 4.45%
6 months

4.95%

1 year

4.50%

2 year

4.10%

3 year

3.85%

I want to save more than £250,000
Term 3 months
Interest rate - AER/gross 4.45%
Term 6 months
Interest rate - AER/gross

4.95%

Term 1 year
Interest rate - AER/gross

4.50%

Term 2 year
Interest rate - AER/gross

4.10%

Term 3 year
Interest rate - AER/gross

3.85%

Things to know before you apply

To open a Fixed Rate Saver, you must:

  • be aged 7 years or over (if you're under 16 you'll need your application signed by a parent or guardian)
  • have an HSBC current or savings account (excluding an ISA, Regular Savings Account or Basic Bank Account) which you must maintain for the duration of the fixed term

 

Your options when your Fixed Rate Saver ends:

When your term comes to an end, you can carry on saving with us by reinvesting your funds in another Fixed Rate Saver. You can apply to do this up to 90 days before and 90 days after your term comes to an end (known as your 'maturity date').

Alternatively you could consider one of our other savings accounts, or explore our investments products.

How to apply

Already an HSBC customer?

 

If you're looking for a sole account and you're registered for online banking you can apply online.

Log on, go to 'Our products', select 'Everyday Banking', then 'Apply for a Savings account'.

For joint accounts, see other ways to apply.

 

New to HSBC?

Before you can apply for a savings account, you'll need to have a bank account with us.

Frequently asked questions

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