HSBC Saver account is a Online Bonus Saver account which is a simple, easy to open online savings account. You'll have instant access to your money and get bonus savings interest for the months you don't make a withdrawal. You can open an Online Bonus savings account with just £1.
You can transfer funds to another HSBC account or to an account held elsewhere, using Internet Banking.
Why get a HSBC Savers Account?
HSBC will pay Interest on balances from £1 to £50,000. For balances that exceed £50,000 they will pay a lower rate of interest.
Variable rate of 0.75% AER (0.75% gross), including bonus interest when you don't make a withdrawal. If you do need to make a withdrawal, you won't get bonus interest, but you'll still get 0.25% AER (0.25% gross).
What sort of service do they offer?
HSBC is one of the safest and largest banks in the world. With a HSBC bank account you can upgrade depending on your circumstances. The HSBC Online bonus account is designed to get all the online banking facilities you require plus additional features such as interest on you rmoney on a monthly basis. You can transfer funds from your current account directly to your online bonus account online which keeps all your finances all in one location.
The HSBC savers account is designed for people who wish to use an online facility.
HSBC Saver Banking Benefits?
Mobile banking
Free HSBC debit card
Identity theft assistance
Access to regular saver - gain higher rate of interest
Overdraft facility
24 / 7 internet banking
Telephone banking and branch banking
Transfer existing direct debits
Mobile Banking Features
Internet banking
Variable rate
Interest paid monthly
Interest is paid net of basic rate income tax
You may register to receive interest paid gross if you are eligible
Bonus interest (in addition to standard interest) is paid for any calendar month during which a withdrawal has not been made or the account closed
Instant access
Who can apply for a HSBC bank account?
You need to be over 16 to apply for a Savers account, have you been a permanent resident in the UK for at least the last 3 years and you able to operate the account solely online.
The form takes a few minutes to complete with an easy step by step guide and as you would expect secure website protection.
Where do I make a complaint?
If you would like to make a complaint about your account, contact The Manager, Service Quality Team, H S B C Bank plc, Arlington Business Centre, Millshaw Park Lane , Leeds , LS11 0PP
However if you are not satisfied with the outcome of your complaint you can write to Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR.
Banking provided by
HSBC Online Bonus Savers plc is incorporated in England and Wales and established at 8 Canada Square, London E14 5HQ which is its Registered Office. H S B C Bank plc is regulated by the Financial Services Authority and is registered in the Financial Services Authority Register with the following Registration Number: 114216. H S B C Bank plc's registered VAT Number is GB 365684514 and its Company Register Number is 14259.
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