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1.00% AER/Gross Savings Booster

There's still time to move your savings to HSBC and give them a boost

A welcome boost for your savings

With our Savings Booster you can benefit from the certainty of an attractive interest rate on new deposits, fixed for 3 months.

Before you can open your Savings Booster account, you'll need to hold a bank account with us.

  • 1.00% AER/Gross

    Limited time offer available until 12 October

  • Know exactly how much interest you'll earn

    Once your account is opened, rates are fixed for the 3 month term

  • Deposits must be new to HSBC Channel Islands & Isle of Man

    Minimum deposit £10,000 

    Maximum deposit £2.5m (£5m for joint accounts)

The offer may be withdrawn early and rates may be subject to change.

Key product information

  • all rates are AER/Gross fixed for 3 months
  • interest will be calculated daily and paid at the end of the 3 month term
  • early deposit withdrawals may incur a fee1
  • at the end of the 3 month term, your deposit plus interest will be paid into your nominated instant access account
  • your nominated instant access account must be held for the full 3 month term plus one month

How to apply

Existing customers

Already registered for online banking?

Simply log on, go to Products & Services and select 'Apply for a Savings account'.

Applicable for sole accounts only.

Not yet registered for online banking?

Not yet banking with HSBC on your island?

Before you can open your Savings Booster, you'll need to hold a bank account with us.

Get a £150 welcome bonus when you switch your current account to us, pay in at least £1,750 a month and register for online banking within 60 days. Terms and conditions apply.

1Deposits of £50,000 or over: You can't close the product or withdraw any money until the end of your fixed rate period. Deposits under £50,000: You can withdraw all of the money and close the product early, for a fee of 90 days interest. You can't withdraw part of the money.

Interest rates are quoted for indication purposes only and are subject to variation.

AER (Annual Equivalent Rate): This is a notional interest rate which illustrates what the gross rate would be if interest were paid and compounded each year.

Gross: The interest rate before the deduction of tax applicable to interest on savings accounts.

It is your responsibility to report earnings to the appropriate tax authorities. However, all the interest you earn from your accounts may be subject to reporting to relevant tax authorities.

HSBC Bank plc, Jersey Branch, is a participant in the Jersey Bank Depositor Compensation Scheme. The Scheme offers protection for eligible deposits of up to £50,000. The maximum total amount of compensation is capped at £100,000,000 in any 5 year period. Full details of the scheme and banking groups covered are available on the states of Jersey website www.gov.je/dcs, or on request.

HSBC Bank plc, Guernsey Branch, is a participant in the Guernsey Banking Deposit Compensation Scheme. The Scheme offers protection for 'qualifying deposits' up to £50,000, subject to certain limitations. The maximum total amount of compensation is capped at £100,000,000 in any 5 year period. Full details are available on the Scheme's website www.dcs.gg or on request.  

HSBC Bank plc in the Isle of Man is a participant in the Isle of Man Depositors' Compensation Scheme as set out in the Depositors' Compensation Scheme Regulations 2010.

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