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Flexible Saver

Simple instant access savings
Couple at the beach


Reliable savings that are easy to organise - you can open as many Flexible Saver accounts as you have reasons to save.

Key benefits

  • Open an account with £1
    You can save any amount. Put in a lump sum or save a little at a time, starting from just £1
  • Save a bit every month
    You can choose to save by standing order, by making ad hoc payments or by transferring a set amount into your Flexible Saver every month
  • Access the money instantly
    Take out and transfer money whenever you like, with no notice
  • Watch your money grow
    Earn interest on your savings. HSBC Advance customers are eligible for preferential rates.
  • Manage the money any time
    Choose from Telephone and Online Banking available 24/7, subject to scheduled maintenance periods. You can also pop into any of our branches nationwide
  • Turn off paper statements
    We’ll issue you with 6-monthly statements, but if you prefer, this can be switched off and your transactions can be viewed online

 

Eligibility

Please ensure you can answer YES to the following question:

  • Are you aged 16 or over?

 

 

Your eligible deposits with HSBC Bank plc are protected up to the limit of your local Compensation Scheme.

Key Product Information

  • Flexible Savers help you save for anything, in a way that suits you.
  • You can start your Flexible Saver account with just £1, and pay in lump sums or set up a standing order to save a set amount each month.
  • It's an instant access account, so you can put in or take out money whenever you like.
  • There are no charges for withdrawals.
  • You can open as many Flexible Saver accounts as you like – perhaps one for a wedding and another for a holiday.
  • You'll earn interest on your money and if you're an HSBC Advance customer you are eligible for a preferential rate.
  • We'll usually send you a statement every 6 months, but if you prefer you can switch off your paper statements on Online Banking.

 

Summary Box

What is the interest rate?

Standard Rates - all customers except HSBC Advance and HSBC Graduate customers.

Preferential Rates - HSBC Advance and HSBC Advance Graduate customers only.

Interest is calculated daily and credited to the account monthly.

 
Balance
Rate
Interest Rates
All balances
Standard Rate
0.15% AER/Gross
All balances Preferential Rate
0.20% AER/Gross

 

 

Can HSBC change the interest rate?
Yes, we can change the interest rate on this account in line with the Personal Banking Terms and Conditions and Charges:

  • If we increase the rate of interest, we'll either tell you personally within 31 days, or within 3 working days provide the details in a notice in the press and on our Rates and Charges notice in branches. We'll also display this information on our website.
  • If we reduce the rate of interest we'll tell you personally at least two months in advance

 


What would the estimated balance be after 12 months based on a £1,000 deposit?
For the purpose of this calculation, it is assumed:-

  • Initial deposit of £1,000
  • No further deposits
  • No change to the interest rate during the 12 months


Projection provided for illustrative purposes only and does not take into account individual circumstances.

 
Initial Deposit
Rate
Interest Rate
Balance at end of 12 months
 
£1,000
Standard Rate
0.15% AER/Gross
£1,001.50
  Preferential Rate
0.20% AER/Gross
£1,002.00

 

 

How do I open & manage my account?

  • Aged 16 years or over
  • Open an account via Telephone Banking or in branch
  • A minimum of £1 must be deposited to open the account
  • There is no maximum balance
  • Once opened you can view your balance via Online Banking, Telephone Banking, the HSBC Mobile Banking App or in branch

 

 

Can I withdraw money?
Yes, you have instant access to your account. You can make as many fee free withdrawals as you like.

 

 

Additional Information

  • A 14 day cancellation period applies to this account.
  • We do not deduct tax from any interest paid to you.

 

Definitions

AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year.
Gross is the rate of interest if interest were paid and not compounded each year

 

Rates correct as at 03.09.18

 

 

Your eligible deposits with HSBC Bank plc are protected up to the limit of your local Compensation Scheme.

Monthly Interest. Variable Rate.

 

Standard rates

 
Effective Date
Amount
Gross%
AER%
03.09.18 All balances
0.15
0.15

 

HSBC Advance and HSBC Advance Graduate Customers only

 
Effective Date
Amount
Gross%
AER%
 
03.09.18 All balances
0.20
0.20

 

Definitions

 

AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year.
Gross is the rate of interest if interest were paid and not compounded each year.

 

 

Your eligible deposits with HSBC Bank plc are protected up to the limit of your local Compensation Scheme.

Apply in branch

  • HSBC Current Account customers can book an appointment to apply in branch by calling 03456 00 61 61.
  • From outside the UK, Channel Islands or Isle of Man, call +44 1226 261 010.
  • You’ll need to bring identification and proof of your address.


Summary Box

What is the interest rate?
Standard Rates - all customers except HSBC Advance and HSBC Graduate customers.

Preferential Rates - HSBC Advance and HSBC Advance Graduate customers only.

Interest is calculated daily and credited to the account monthly.

 
Balance
Rate
Interest Rates
All balances
Standard Rate
0.15% AER/Gross
All balances Preferential Rate
0.20% AER/Gross

 

 

Can HSBC change the interest rate?
Yes, we can change the interest rate on this account in line with the Personal Banking Terms and Conditions and Charges:

  • If we increase the rate of interest, we'll either tell you personally within 31 days, or within 3 working days provide the details in a notice in the press and on our Rates and Charges notice in branches. We'll also display this information on our website.
  • If we reduce the rate of interest we'll tell you personally at least two months in advance

 

 

What would the estimated balance be after 12 months based on a £1,000 deposit?
For the purpose of this calculation, it is assumed:-

  • Initial deposit of £1,000
  • No further deposits
  • No change to the interest rate during the 12 months


Projection provided for illustrative purposes only and does not take into account individual circumstances.

 
Initial Deposit
Rate
Interest Rate
Balance at end of 12 months
£1,000
Standard Rate
0.15% AER/Gross
£1,001.50
£1,000 Preferential Rate
0.20% AER/Gross
£1,002.00

 

 

How do I open & manage my account?

  • Aged 16 years or over
  • Open an account via Telephone Banking or in branch
  • A minimum of £1 must be deposited to open the account
  • There is no maximum balance
  • Once opened you can view your balance via Online Banking, Telephone Banking, the HSBC Mobile Banking App or in branch

 

 

Can I withdraw money?

Yes, you have instant access to your account. You can make as many fee free withdrawals as you like.

 

 

Additional Information

  • A 14 day cancellation period applies to this account.
  • We do not deduct tax from any interest paid to you. 

Things You Should Know

Before applying, please take the time to read the following. You may also want to save some of these documents for future reference.

 

Your eligible deposits with HSBC Bank plc are protected up to the limit of your local Compensation Scheme.

To read our PDF files you'll need to have Acrobat Reader 8.0™ or above. It's free and can be downloaded from Adobe UK. If you are accessing this website using screen reading technology that cannot read PDFs, a converter is available at Access Adobe (these links may allow you to access a non-HSBC website. HSBC Bank plc has no control over the linked website and is not liable for your use of it).

 


Reliable savings that are easy to organise - you can open as many Flexible Saver accounts as you have reasons to save.

Key benefits

  • Open an account with £1
    You can save any amount. Put in a lump sum or save a little at a time, starting from just £1
  • Save a bit every month
    You can choose to save by standing order, by making ad hoc payments or by transferring a set amount into your Flexible Saver every month
  • Access the money instantly
    Take out and transfer money whenever you like, with no notice
  • Watch your money grow
    Earn interest on your savings. HSBC Advance customers are eligible for preferential rates.
  • Manage the money any time
    Choose from Telephone and Online Banking available 24/7, subject to scheduled maintenance periods. You can also pop into any of our branches nationwide
  • Turn off paper statements
    We’ll issue you with 6-monthly statements, but if you prefer, this can be switched off and your transactions can be viewed online

 

Eligibility

Please ensure you can answer YES to the following question:

  • Are you aged 16 or over?

 

 

Your eligible deposits with HSBC Bank plc are protected up to the limit of your local Compensation Scheme.

Key Product Information

  • Flexible Savers help you save for anything, in a way that suits you.
  • You can start your Flexible Saver account with just £1, and pay in lump sums or set up a standing order to save a set amount each month.
  • It's an instant access account, so you can put in or take out money whenever you like.
  • There are no charges for withdrawals.
  • You can open as many Flexible Saver accounts as you like – perhaps one for a wedding and another for a holiday.
  • You'll earn interest on your money and if you're an HSBC Advance customer you are eligible for a preferential rate.
  • We'll usually send you a statement every 6 months, but if you prefer you can switch off your paper statements on Online Banking.

 

Summary Box

What is the interest rate?

Standard Rates - all customers except HSBC Advance and HSBC Graduate customers.

Preferential Rates - HSBC Advance and HSBC Advance Graduate customers only.

Interest is calculated daily and credited to the account monthly.

 
Balance
Rate
Interest Rates
All balances
Standard Rate
0.15% AER/Gross
All balances Preferential Rate
0.20% AER/Gross

 

 

Can HSBC change the interest rate?
Yes, we can change the interest rate on this account in line with the Personal Banking Terms and Conditions and Charges:

  • If we increase the rate of interest, we'll either tell you personally within 31 days, or within 3 working days provide the details in a notice in the press and on our Rates and Charges notice in branches. We'll also display this information on our website.
  • If we reduce the rate of interest we'll tell you personally at least two months in advance

 


What would the estimated balance be after 12 months based on a £1,000 deposit?
For the purpose of this calculation, it is assumed:-

  • Initial deposit of £1,000
  • No further deposits
  • No change to the interest rate during the 12 months


Projection provided for illustrative purposes only and does not take into account individual circumstances.

 
Initial Deposit
Rate
Interest Rate
Balance at end of 12 months
 
£1,000
Standard Rate
0.15% AER/Gross
£1,001.50
  Preferential Rate
0.20% AER/Gross
£1,002.00

 

 

How do I open & manage my account?

  • Aged 16 years or over
  • Open an account via Telephone Banking or in branch
  • A minimum of £1 must be deposited to open the account
  • There is no maximum balance
  • Once opened you can view your balance via Online Banking, Telephone Banking, the HSBC Mobile Banking App or in branch

 

 

Can I withdraw money?
Yes, you have instant access to your account. You can make as many fee free withdrawals as you like.

 

 

Additional Information

  • A 14 day cancellation period applies to this account.
  • We do not deduct tax from any interest paid to you.

 

Definitions

AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year.
Gross is the rate of interest if interest were paid and not compounded each year

 

Rates correct as at 03.09.18

 

 

Your eligible deposits with HSBC Bank plc are protected up to the limit of your local Compensation Scheme.

Monthly Interest. Variable Rate.

 

Standard rates

 
Effective Date
Amount
Gross%
AER%
03.09.18 All balances
0.15
0.15

 

HSBC Advance and HSBC Advance Graduate Customers only

 
Effective Date
Amount
Gross%
AER%
 
03.09.18 All balances
0.20
0.20

 

Definitions

 

AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year.
Gross is the rate of interest if interest were paid and not compounded each year.

 

 

Your eligible deposits with HSBC Bank plc are protected up to the limit of your local Compensation Scheme.

Apply in branch

  • HSBC Current Account customers can book an appointment to apply in branch by calling 03456 00 61 61.
  • From outside the UK, Channel Islands or Isle of Man, call +44 1226 261 010.
  • You’ll need to bring identification and proof of your address.


Summary Box

What is the interest rate?
Standard Rates - all customers except HSBC Advance and HSBC Graduate customers.

Preferential Rates - HSBC Advance and HSBC Advance Graduate customers only.

Interest is calculated daily and credited to the account monthly.

 
Balance
Rate
Interest Rates
All balances
Standard Rate
0.15% AER/Gross
All balances Preferential Rate
0.20% AER/Gross

 

 

Can HSBC change the interest rate?
Yes, we can change the interest rate on this account in line with the Personal Banking Terms and Conditions and Charges:

  • If we increase the rate of interest, we'll either tell you personally within 31 days, or within 3 working days provide the details in a notice in the press and on our Rates and Charges notice in branches. We'll also display this information on our website.
  • If we reduce the rate of interest we'll tell you personally at least two months in advance

 

 

What would the estimated balance be after 12 months based on a £1,000 deposit?
For the purpose of this calculation, it is assumed:-

  • Initial deposit of £1,000
  • No further deposits
  • No change to the interest rate during the 12 months


Projection provided for illustrative purposes only and does not take into account individual circumstances.

 
Initial Deposit
Rate
Interest Rate
Balance at end of 12 months
£1,000
Standard Rate
0.15% AER/Gross
£1,001.50
£1,000 Preferential Rate
0.20% AER/Gross
£1,002.00

 

 

How do I open & manage my account?

  • Aged 16 years or over
  • Open an account via Telephone Banking or in branch
  • A minimum of £1 must be deposited to open the account
  • There is no maximum balance
  • Once opened you can view your balance via Online Banking, Telephone Banking, the HSBC Mobile Banking App or in branch

 

 

Can I withdraw money?

Yes, you have instant access to your account. You can make as many fee free withdrawals as you like.

 

 

Additional Information

  • A 14 day cancellation period applies to this account.
  • We do not deduct tax from any interest paid to you. 

Things You Should Know

Before applying, please take the time to read the following. You may also want to save some of these documents for future reference.

 

Your eligible deposits with HSBC Bank plc are protected up to the limit of your local Compensation Scheme.

To read our PDF files you'll need to have Acrobat Reader 8.0™ or above. It's free and can be downloaded from Adobe UK. If you are accessing this website using screen reading technology that cannot read PDFs, a converter is available at Access Adobe (these links may allow you to access a non-HSBC website. HSBC Bank plc has no control over the linked website and is not liable for your use of it).

 

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