Regular Savings Account

For the purpose of this calculation, it is assumed that 12 monthly deposits are made as shown, and no withdrawals are made.

Should your account exceed the monthly limit for any reason, the surplus will accrue interest at the same rate as our Flexible Saver account.

Projection provided for illustrative purposes only and does not take into account individual circumstances. The figures are approximate and you may receive slightly more or less than is shown.

Regular Saver

Interest is calculated daily and is credited at the end of the 12 month fixed term.

No, once your account is opened the rate will remain fixed for the 12 month term.

For the purpose of this calculation, it is assumed:

• 12 monthly deposits of £25 or £250
  
• 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.

Eligibility:

• You must be aged 18 years or over
• Have an HSBC current account (excluding an Appointee / Executor Account) which you must maintain for the duration of the fixed term

How to open the account:

This account can be opened in sole or joint names.

• Open a sole account via online banking or in a branch
• Open a joint account via phone banking or in a branch

Minimum / maximum balance:

• The minimum deposit in month 1 is £25
• The maximum balance is £3,000 at the end of the 12 month term

Regular deposits:

• Regular deposits must be made by standing order each month
  
• The minimum monthly deposit is £25 per month
• The maximum monthly deposit is £250 per month
• If you don't pay in the maximum allowed in any month, you can carry over the unused allowance and catch up in future months

How to manage the account:

• Once opened, the account can be managed via online banking or the HSBC Mobile Banking app, where you can chat to us 24 / 7
• You can also manage the account via Telephone Banking or in branch

No, you cannot make partial withdrawals.

You can close your account before the end of the 12 month term however you will receive interest up to the date of closure at our Flexible Saver rate.

At the end of 12 months we'll transfer your savings into your Flexible Saver or Premier Savings. If you have more than one of these accounts we'll pay your savings into the account which pays the best interest. And if you don't have any of these accounts, we'll convert your Regular Saver to a Flexible Saver.

A 14 day cancellation period applies to this account.

We do not deduct tax from any interest paid to you.

Tax benefits depend on individual circumstances and could change in the future.

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 paid before any tax (where applicable) has been deducted

Rates correct as at 7 October 2024

To open a Regular Saver, you need to hold an active HSBC current account (excluding Appointee / Executor Account).

If you're not yet an HSBC customer, find out more about our current accounts.

Please note, we only allow one Regular Saver per customer.