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HSBC Premier Savings

Preferential treatment for your savings
Father and daughter

Key Benefits

As an HSBC Premier customer, you can enjoy preferential interest and instant access with HSBC Premier Savings.

  • Open an account with £1
    With an HSBC Premier Savings account, you can save any amount, from £1 upwards. There's no maximum balance
  • Access the money instantly
    Take out money whenever you like with no notice, and transfer funds in real time
  • Save however it suits you
    You can put away a lump sum, save regularly by standing order, or just make payments whenever you want
  • Watch your money grow
    A Premier Savings account pays monthly interest on your savings
  • Manage your money any time
    Choose from Telephone and Internet Banking available 24/7, subject to scheduled maintenance periods. You can also pop into any of our branches nationwide

 

Eligibility

Please ensure you can answer YES to the following questions: 

  • Are you aged 18 or over?
  • Are you an HSBC Premier customer? 

 

 

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

Key Product Information

  • This is a preferential-rate savings account for HSBC Premier customers.
  • You can open the account with as little as £1, and deposit as much as you like, as lump sums or regularly.
  • You can access the money instantly with no fees, and transfer money funds in real time to or from your HSBC Premier bank account using your HSBC debit card
     

Summary Box

What is the interest rate?

 
Balance Interest Rates
All balances 0.20% AER/ Gross

Interest is calculated daily and is credited to the account monthly.

 

 

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 credit 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?

 
Initial Deposit Interest Rate Balance at end of 12 months
£1,000 0.20% AER/ Gross £1,002

For the purpose of this calculation, it is assumed:-

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


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

 

 

How do I open & manage my account?

  • Open an account via Online Banking, Telephone Banking or in branch
  • A minimum of £1 must be deposited to open an 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.

HSBC Premier Savings Account

 

Premier customers only.

Monthly Interest. Variable Rate.

 
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.

How to apply

HSBC customers registered for online banking 

If you're already registered for online banking you can apply online now.

HSBC customers not registered for online banking

If  you already have an HSBC Current Account or savings account, you can register for online banking. Once you’ve received your security details, you’ll be able to apply for and manage your savings account online.

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?

 
Balance Interest rates
All balances 0.20% AER/ Gross

Interest is calculated daily and is credited to the account monthly.

 

 

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 credit 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?

 
Initial Deposit Interest Rate Balance at end of 12 months
£1,000
0.20% AER/ Gross
£1,002

 

For the purpose of this calculation, it is assumed:-

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

 

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

 

 

How do I open & manage my account?

  • Open an account via Online Banking, Telephone Banking or in branch 
  • A minimum of £1 must be deposited to open an 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

 

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).

 

Key Benefits

As an HSBC Premier customer, you can enjoy preferential interest and instant access with HSBC Premier Savings.

  • Open an account with £1
    With an HSBC Premier Savings account, you can save any amount, from £1 upwards. There's no maximum balance
  • Access the money instantly
    Take out money whenever you like with no notice, and transfer funds in real time
  • Save however it suits you
    You can put away a lump sum, save regularly by standing order, or just make payments whenever you want
  • Watch your money grow
    A Premier Savings account pays monthly interest on your savings
  • Manage your money any time
    Choose from Telephone and Internet Banking available 24/7, subject to scheduled maintenance periods. You can also pop into any of our branches nationwide

 

Eligibility

Please ensure you can answer YES to the following questions: 

  • Are you aged 18 or over?
  • Are you an HSBC Premier customer? 

 

 

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

Key Product Information

  • This is a preferential-rate savings account for HSBC Premier customers.
  • You can open the account with as little as £1, and deposit as much as you like, as lump sums or regularly.
  • You can access the money instantly with no fees, and transfer money funds in real time to or from your HSBC Premier bank account using your HSBC debit card
     

Summary Box

What is the interest rate?

 
Balance Interest Rates
All balances 0.20% AER/ Gross

Interest is calculated daily and is credited to the account monthly.

 

 

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 credit 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?

 
Initial Deposit Interest Rate Balance at end of 12 months
£1,000 0.20% AER/ Gross £1,002

For the purpose of this calculation, it is assumed:-

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


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

 

 

How do I open & manage my account?

  • Open an account via Online Banking, Telephone Banking or in branch
  • A minimum of £1 must be deposited to open an 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.

HSBC Premier Savings Account

 

Premier customers only.

Monthly Interest. Variable Rate.

 
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.

How to apply

HSBC customers registered for online banking 

If you're already registered for online banking you can apply online now.

HSBC customers not registered for online banking

If  you already have an HSBC Current Account or savings account, you can register for online banking. Once you’ve received your security details, you’ll be able to apply for and manage your savings account online.

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?

 
Balance Interest rates
All balances 0.20% AER/ Gross

Interest is calculated daily and is credited to the account monthly.

 

 

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 credit 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?

 
Initial Deposit Interest Rate Balance at end of 12 months
£1,000
0.20% AER/ Gross
£1,002

 

For the purpose of this calculation, it is assumed:-

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

 

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

 

 

How do I open & manage my account?

  • Open an account via Online Banking, Telephone Banking or in branch 
  • A minimum of £1 must be deposited to open an 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

 

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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