Top of main content

3 Month Savings Booster

1.15% AER/Gross limited time offer

Savings taste sweeter with our Savings Booster

In these uncertain times, it’s nice to have some things you can rely on. With our Savings Booster you can benefit from the certainty of an attractive interest rate on new deposits, fixed for 3 months.

 

Limited time offer available until 16 September. The offer may be withdrawn early and rates may be subject to change.

Benefits

  • 1.15% AER/Gross
    Available until 16 September.
  • 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.

Things you should know

  • All rates are Gross/ AER 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 fee.1
  • 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

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 registered for online banking yet?

If you already have an HSBC current 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 account online.

Joint account application

Please visit your local branch or call to book a branch appointment. For Jersey customers, please call to arrange a telephone appointment.

Call our contact centre on:

03456 00 61 61

Not yet a HSBC customer?

To apply for a Savings Booster you’ll first need to open an HSBC Current account or Flexible Saver.

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.

If you require emergency access to your funds, please call us to discuss your options.

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.

You might also be interested in

 

A savings account with a preferential rate for our Premier customers.

 

Enjoy bonus interest in the months when you don’t make a withdrawal.

 

Start saving for something special with just a £1 deposit.

We're here to help you. Find the answers and while you're at it, tell us how we could do better.