MySavings / Premier MySavings

It’s never too early to learn how to handle money wisely, and an HSBC MySavings / Premier MySavings account is the first step on that road. It’s open to anyone aged 7 to 17. On the account holder’s 11th birthday, we'll open a current account in their name, complete with its own HSBC Visa Debit Card.

  • Start saving from just £10
    Whether it’s your pocket money or the wages from your job
  • Watch your money grow
    MySavings / Premier MySavings accounts pay you interest on your savings between 0.50% AER/gross and 2.75% AER (2.72% gross)
  • Get your own HSBC Visa Debit Card
    On your 11th birthday, we'll open a current account for you, complete with your own HSBC Visa Debit Card to shop in stores, online or use at cash machines
  • Take your money out at the bank 
    You can use your cash book to withdraw money from your savings account. But keep in mind that if you're under 11, you'll need your parent or guardian's signature to withdraw £50 or more
  • Premier MySavings account
    Children and grandchildren of Premier customers can benefit from a Premier MySavings account with access to additional product benefits. At age of 11, we will also open a Premier MyAccount.

Are you eligible?

Please ensure you can answer YES to the following questions:

  • Are you aged between 7 and 17?
  • Can you provide proof of your identity and address?
  • If you're under 16, can you get your application signed by a parent or guardian?

 

Once you've submitted your application, we'll send you the paperwork to sign and return to us. We may also ask for further documents to confirm your identity or address

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