You can Don't miss out, M&S Bank is closing its 2.75% AER regular saver account to new customers next week, Some investors with peer-to-peer lender Ratesetter are still waiting for their cash over seven months after trying to withdraw their investments, with 1,000s in virtual queues to access their money, The Bank of England has written to banks asking them to provide details on how they would cope if interest rates were cut to zero or even turned negative, Savers trying to make withdrawals from National Savings and Investments (NS&I) accounts ahead of next month's massive rate cuts have found they are unable to access their money due to an ongoing "technical issue". Charges and fees may … First Direct, which is a part of HSBC, has mirrored the decision and cut rates on its Regular Saver offering from 2.75 percent to one percent. ", HSBC and First Direct cut top regular savings rates to 1% after MSE warning. Talk to us directly through our chat channels. Regular Savings Account Help your money grow with 1.00% AER/gross, fixed for 12 months. Our TravelMoneyMax tool compares 30+ bureaux to max your holiday cash. Shows which top cards and loans you're most likely to get. Upon the expiry of your loyalty rate period, you will earn a standard rate of interest until you make a further payment. 2 10 major currencies include Australian dollar, Canadian dollar, Euro, Japanese yen, New Zealand dollar, Pound Sterling, Singapore dollar, Swiss franc, Thai baht and US dollar. It also allows early withdrawals, though be aware there's a 30-day interest penalty, and again, the rate's variable, so it's worth keeping an eye on it in case it drops. No interest is payable for balances over $1,000,000. We often link to other websites, but we can't be responsible for their content. HSBC and its internet-based bank First Direct have slashed the interest rates on their regular savings accounts from 5% to 2.75%. MoneySavingExpert.com is part of the MoneySuperMarket Group, but is entirely editorially independent. This includes the Premier Investment Management Service and Premier Discretionary Managed Service cash accounts where applicable. The deadlines for free and cheap delivery before Christmas are FAST approaching, Trick gets TWO boxes of £2 Shreddies cereal for 60p - stack £1.50 coupon or cashback with supermarket offer. HSBC and First Direct are sister banks, as is M&S Bank, which had also withdrawn its own regular saver to new users earlier this month. Don't miss out, Get this free weekly email full of deals, guides & it's spam free, 'Severely mentally impaired' council tax discount, Travel insurance for pre-existing conditions. Please note that this account is no longer sold. Got an overdraft with Lloyds, Halifax etc? *Offer currently unavailable*. If you're worried about work during the coronavirus crisis, this guide looks at your rights if you're self employed, including what help's there for limited company directors. Follow HSBC UK on Facebook This link will open in a new window, Follow HSBC UK on Twitter This link will open in a new window, Follow HSBC UK on YouTube This link will open in a new window, Our website doesn't support your browser so please upgrade, View our service status to see how we're doing, Careers, media, investor and corporate information. Interest rates are calculated on a daily basis and credited on a monthly basis. Open with. When you open an HSBC Direct Savings account, you’ll earn 2.30% APY on your savings, which equates to an interest rate of 2.28% APR. Rates top out at 1.30% with HSBC and 1.70% at HSBC Direct. APYs are variable and subject to change after opening. All rights reserved. Martin Lewis is a registered trade mark belonging to Martin S Lewis. Urgently open its regular saver, Ratesetter customers waiting months to access their cash, Are negative interest rates on the way? Tax-free means free from UK Income Tax and Capital Gains Tax. The interest charged is the accumulated interest that is calculated on a daily basis based on interest calculation cycle*. Please read the Full Terms & Conditions, Privacy Policy, Cookies Q&A, How this site is financed and MSE's Editorial Code. If you want to save more each month, you could earn up to 0.7% interest in an easy-access account or up to 0.92% if you're willing to lock your money away for a year. HSBC Group  |   © Copyright HSBC Group 2002-2020. Mortgages, credit cards, loans, payday loans, car finance and more, 12 FREE ways to learn something new at home, Amazon Warehouse – get returned items or mildly damaged products for knock-down prices, LAST OOOOORDERS! Finds your cheapest energy & monitors to let you know when to switch again. … If you're now in the market for a new savings account, see our Regular Savings Accounts and Top Savings Accounts guides for full info on the options available. We think it's important you understand the strengths and limitations of the site. How much should you be saving for your kids to go to uni? Instead, you’ll have to use telephone banking, e-statements and the internet to manage your account. But since it’s an online account, you won’t have any ATM access. The account offers a competitive 0.15% APY, no monthly fees and a low minimum opening deposit. The second best potential interest rate first direct offers for savings accounts; Earn 0.85% AER (variable) interest. Please contact fbteam@moneysavingexpert.com if you wish to report any comments. Its stance of putting consumers first is protected and enshrined in the legally-binding MSE Editorial Code. Branch and ATM access: These areas aren’t HSBC’s strong suit. Get it wrong and instead of presents under the tree, they could be held hostage at a courier firm’s out-of-town depot… To help avoid this, retailers now give their own final cut-off dates for orders you want... HSBC and First Direct cut regular savings rates to 1%, For all the latest deals, guides and loopholes - join the 12m who get it. Current interest rates. combined lending of NZD500,000 or more or NZD100,000 of savings and investments with HSBC). Savings Account Interest Rates . Coventry Building Society, for example, pays 1.55% variable interest, and you can save up to £500 a month. Both accounts have a variable interest rate, which means returns aren't certain – though they allow unlimited withdrawals, so you can move your cash penalty-free if the rate drops. M&S Bank, another managed by HSBC, took its regular saver paying the same interest rate off-sale on 12 November. Those with variable rate savings accounts, such as Income Bonds, will see rates drop straightaway, while those with a fixed rate account, such as Guaranteed Income Bonds, will keep their rate until the end of the term. Available nationwide, HSBC Direct Savings is offering a 0.50% APY Rate.Definitely continue reading below for everything you would need to know about the attractive account and rate! Always remember anyone can post on the MSE forums, so it can be very different from our opinion. Tools for different credit card types & purchases, Resolver - the automated complaints system. The rates below are annual interest rates for term investment products issued by HSBC Bank Canada and its subsidiaries: 4 The Annual Percentage Yields (APYs) and balances for an HSBC Direct Savings account which are accurate as of 12/24/2020 are: 0.15% APY on balances of less than $15,000, 0.15% APY $15,000 or more but less than $50,000, 0.15% APY $50,000 or more but less than $100,000 and 0.15% APY $100,000 or more. The HSBC account is an online-only savings account, which means that you won’t have access to a teller in a branch. Fixed term No. Banks with longer terms typically offer higher yields. So all of your banking through HSBC Direct will need to be accomplished online or with the HSBC … Gross is the rate of interest if interest were paid and not compounded each year.. You can't make penalty-free withdrawals from these accounts (you'll lose almost all your interest if you do so), but remember when your account term ends, as at this point your cash will be transferred into an easy-access account with a lower rate. Grab the latest deals, guides, tips 'n' tricks directly from Martin and the MSE team. 0.10% AER (0.10% tax-free) variable on balances of £1 and over. MSE warned last week that the rates were likely to drop to 1%, M&S Bank, which had also withdrawn its own regular saver, Bank with M&S, HSBC or First Direct? Interest rates are variable and paid monthly. We want everyone to enjoy using our site but spam, bullying and offensive comments will not be tolerated. 6 The Annual Percentage Yields (APYs) and balances for an HSBC Everyday Savings account which are accurate as of {{currentDate}} are: 0.01% APY on balances of $1 or more. HSBC and First Direct customers who got … If you're suddenly unable to work due to the coronavirus crisis, or you've been laid off, this guide looks at what benefits you can claim, what you're entitled to under universal credit plus tells you how to make a claim. If you don't have one of these current accounts and don't want one, there are open-to-all regular savings accounts that still beat HSBC and First Direct's new 1% rate. 3 The HSBC Everyday Savings account is available to all consumers and has no monthly maintenance fee or balance requirements. Rates are subject to change without notice. The interest is paid directly into your HSBC current or savings account - the same one you used to pay in your initial deposit. It … The interest rate cuts mean that if you were to pay in the maximum £250/mth on HSBC's and M&S' regular savings accounts, the annual interest you earn would drop from roughly £90 to £75. Our Broadband Unbundled tool finds the cheapest broadband, phone and TV. Full details: Account name Bonus Savings Account Once you have done so, you will earn the current high APY Rate! ISA stands for Individual Savings Account. To find out more information about all term investment products, please contact any of our branches, contact us at 1-888-310-HSBC (4722) or visit our investing products page.. If you are looking for a low-risk way to save money over a long period of time, high yield savings accounts may be a good option for you. 1 The Annual Percentage Yields (APYs) and balances for an HSBC Direct Savings account which are accurate as of {{currentDate}} are: 0.15% APY on balances of less than $15,000, 0.15% APY $15,000 or more but less than $50,000, 0.15% APY $50,000 or more but less than $100,000 and 0.15% APY $100,000 or more. Claim a year's worth of tax relief, Martin Lewis: This is why I set up a charity…, Martin Lewis: Had a PPI payout? Choose the right type of account for you. An HSBC UK and First Direct spokesperson said: "The impact of being in a low interest rate environment is well known. Posts may be deleted and repeat offenders blocked at our discretion. Last Updated: 2020-11-10. While First Direct and HSBC's regular savings accounts were among our top picks, they weren't offering the best rate, which is currently still available from NatWest and RBS. These posted rates may change without notice, and any changes will be updated here. effect from 01 August 2020. Gross is the rate of interest if interest were paid and not compounded each year. Help your money grow with 1.00% AER/gross, fixed for 12 months. This guide tells you what help's out there if you can't pay bills or pay loans or credit cards back. But there are a number of different factors that influence the interest rates of savings accounts and each provider will have their own reasons for the products they offer and the associated interest rates. HSBC and First Direct have today dropped the interest rate offered on their Regular Saver accounts from 2.75% to 1% for new customers. † Private Clients Savings Account customers also receive these credit rates. Account Type: Direct Savings; Interest Rate: 0.50% APY; Minimum Balance: $1; Maximum Balance: $2,000,000; Availability: Nationwide (Online Only) To earn the HSBC Direct Savings rate, all you would have to do is provide a minimum balance of $1, capping out at $2,000,000. Many are worried about the UK impact of the coronavirus on their ability to pay bills and even stay in their home. Editor-in-Chief, Marcus Herbert. 4 The Annual Percentage Yields (APYs) and balances for an HSBC Premier Savings account which are accurate of {{currentDate}} are: 0.01% APY on balances of $0 - $24,999.99; 0.10% APY $25,000 - $99,999.99; 0.15% APY $100,000 - $249,999.99 and 0.15% APY $250,000 or more. The Base Rate is 8.30% p.a. All rates are variable unless otherwise indicated. It’s easy to get in touch online. £1. Existing First Direct and HSBC regular saver customers are unaffected though, as their 2.75% rate is locked in for 12 months from opening the account. Interest rate. Those who switch to the bank may also get a … Easy access Yes - instant access by transferring to another first direct account. The interest rate on your floating rate loan if disbursed prior to July 01, 2010 is linked to HSBC's Retail Lending Rate (RLR) and any revision in the RLR would impact your interest rate. You'll also need to have or open a NatWest or RBS current account to access the linked savings accounts. Savings Accounts . Pay no tax on interest earned. General Disclaimers . HSBC Direct is an online-only savings account that offers interest rates that are among the highest in the U.S. We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the. If you make further payments into your ISA, your loyalty rate period will begin again from the date of each payment. This is an online savings account only, and it does not come with an ATM or debit card. Martin's view as the Bank of England asks lenders if they're ready for them, NS&I customers struggle to withdraw savings due to 'technical issue', 'Tampon tax' abolished across the UK from today, Coronavirus Self-Employed & Small Limited Company Help, Martin Lewis: Working from home due to coronavirus, even for a day? AER stands for Annual Equivalent Rate. The HSBC Direct Savings Account interest rate is higher than the national average, but you can still find a higher APY at other online banks. This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. Transfers from other providers welcome. Regular Saver – Only available to HSBC Premier or HSBC Advance customers, Bank Account, Bank Account Pay Monthly, HSBC Student Bank Account and Graduate Bank Account customers. Fixed Rate Saver – both monthly and annual interest products, Cash e-ISA – Monthly interest paid tax-free (variable rate), Variable Rate Cash ISA – Preferential rates. See our Regular Savings Accounts guide for full info on the options available. In fact, don't even expect a debit card. Within the last week, we've seen the extension of coronavirus credit card, personal loan and overdraft help to 31 October 2020, with mortgage payment holidays already extended. This shows you what the gross rate would be if interest were paid and compounded each year. 5 The HSBC Everyday Savings account is available to all consumers and has no monthly maintenance fee or balance requirements. Build towards your savings goals with a great 4 month introductory interest rate; Arrange for direct deposits straight into your Serious Saver account to build your savings balance; Earn bonus interest 3 on the ongoing variable rate when you qualify for … See our help and support pages for guidance and to find out what you can do through online and mobile banking. Here are the best online savings account interest rates. Choose from fixed-term or easy access accounts. Tax-free means free from UK Income Tax and Capital Gains Tax.. ISA stands for Individual Savings Account.. All rates are variable unless otherwise indicated. HSBC and First Direct have cut the interest paid on their regular savings accounts from 2.75% to 1% for new customers, just days after MoneySavingExpert.com warned a rate reduction was on the cards. After the introductory period, the ongoing standard variable interest rate applies. The regular savers, which are only available to those who already have current accounts with the banks, were among our top picks for those saving a set amount each month for a year. (where you don't make a withdrawal in the month). Charges and fees may reduce earnings. effective Saturday, 01 August 2020. Build your savings. The regulator's other help schemes are also likely to be extended too, including car finance and payday loans, yet should you do it? Find current and previous interest rates for all our business savings accounts. Both introductory and standard rate are variable and are subject to change at any time. stands for Annual Equivalent Rate. If you’re shopping online for gifts, the deadline for ordering to get ’em in time for Christmas may be sooner than you think. APYs are variable and subject to change after opening. The RLR is 15.55% p.a. HSBC Premier qualification criteria applies (e.g. HSBC Loyalty Cash ISA – HSBC Premier rates, HSBC Loyalty Cash ISA – Other current account rates, MySavings – monthly interest (variable rate), HSBC Premier MySavings (for 11 to 17 year old children of an HSBC Premier customer) – monthly interest (variable rate), Future Saver for children – Monthly interest (variable rate), Help to Buy: ISA – monthly interest (variable rate). HSBC Premier Savings† Premier customers only. The HSBC Direct Online Savings account is strictly a savings account. This is an open discussion and the comments do not represent the views of MSE. Turbo boost your credit chances and get your free Experian credit report. Nationwide Building Society previously offered 5% We're a journalistic website and aim to provide the best MoneySaving guides, tips, tools and techniques, but can't guarantee to be perfect, so do note you use the information at your own risk and we can't accept liability if things go wrong. While every bank has cut interest rates on savings, HSBC has cut the rate every month for several months and is presently at.70% in July 2020. Maximum one Serious Saver Account per customer at any one time. Canadian Dollar Savings Accounts Interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance: Daily closing balance CAD High Rate Savings; Up to $24,999.99: 0.05%: Between $25,000 and $49,999.99: 0.10%: Between $50,000 and $99,999.99: 0.10%: … Don't expect any bells and whistles with the account. Exclusive HSBC Premier interest rates Convenience of accessing your account via our Global view facility, or through HSBC's global ATM network and 24-hour Phone Banking Services Global support at any HSBC Premier Centres worldwide An exclusive children's savings account for Premier customers with your child as beneficiary. * The Premier-exclusive rates set out in the table above shall apply only to account(s) which are subject to the terms and conditions governing the use of HSBC Premier Account Package. HSBC Direct Savings Rate. A loyalty rate applies for 12 months from the date of each payment into your ISA. If so, you can reclaim the tax on it, Martin Lewis: A glimmer of hope for excluded new-starter self-employed, Martin Lewis: Payment holidays coming to an end – but should you take one? Find full info in our Top Savings Accounts guide. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first. The bottom line: HSBC Direct is the online-only arm of HSBC, a huge international bank with about 150 branches in a handful of U.S. states. Our contact centres are extremely busy at the moment, please don’t call us unless it’s urgent. The news comes on a bad day for savers as NS&I is also today slashing rates on certain accounts for new and existing customers. The HSBC Direct Savings account is best for those who bank online and want a high-yield savings account. Unique tool uses probability to estimate winnings. Furthermore, this is a personal … HSBC Direct Checking can only be opened online. With First Direct, which has a maximum monthly pay-in of £300/mth, annual interest … If you're worried about work during the coronavirus crisis, this guide looks at your rights as an employee including who's eligible to be furloughed. Make your money grow. Rates are current as at 30 November 2020. As the rate is fixed in advance, you know exactly how much interest you will earn by the end of the term. HSBC Group is a worldwide network that covers 67 countries and territories, serving more than 38 million customers worldwide. Find out how much income you keep and how much the taxman takes. Investment Management (HSBC Premier Financial Advice): Overdraft interest on outstanding overdrawn balances is calculated daily at 3% above base rate. The sister banks offer 3.04% variable interest on their regular savings accounts, though you can only save a maximum of £50 a month, compared with £25 to £250 a month at HSBC and £25 to £300 at First Direct. The HSBC Regular Saver is a linked product available to current account customers who have its Premier, Advance, Bank Account, Bank Account Pay Monthly, Student or Graduate account. MSE warned last week that the rates were likely to drop to 1% today (Tuesday 24 November) after we saw emails sent to HSBC customers in error listing the lower rate. Product Effective Date Amount Gross % AER % Business Money Manager (Instant Access) (Monthly Interest) 01.06.2020. The rate cuts means only M&S, which is also partly owned by HSBC, is offering 5% interest rates on regular savings. Find cheap pick-up only items near you - they often attract fewer bids. Download PDF version of interest rates (1.27MB), Download PDF version of interest rates (1.27MB) for HSBC Savings accounts Download. This shows you what the gross rate would be if interest were paid and compounded each year. Bonus interest rate will be applied if the customer's Total Relationship Balance is over HKD1,000,000. Our website doesn't support your browser so please upgrade. The interest rate depends on the amount you deposit and the length of the term. Max amount £20,000 this tax year. Interest rates are effective from Wednesday, 16 December 2020 and are subject to change or withdrawal without notice. But they will no longer feature in our best-buy tables at the new rate – see below for more on the current top accounts. Posted by: JV75 | Jul 23, 2020 A year ago HSBC Direct Savings was marketed as one of the highest interest rate accounts available anywhere. Interest for HSBC High Rate Savings Account is calculated daily based on the daily balance using the daily interest rate (annual interest rate divided by 365 (three hundred sixty five) days). HSBC customers are able to access a savings account which pays a 2.75 percent interest rate at this moment in time. You do everything online from start to finish.If you have a current HSBC account, such as an HSBC Choice or HSBC Advance Checking, opening an account is even easier. HSBC and First Direct have cut the interest paid on their regular savings accounts from 2.75% to 1% for new customers, just days after MoneySavingExpert.com warned a rate reduction was on the cards. Savings Account Interest Rates Home . Gross is the rate of interest rates are effective from Wednesday, 16 December 2020 and are subject change! Variable on balances of £1 and over where applicable that are among the highest in legally-binding. On hsbc direct savings interest rate daily basis and credited on a monthly basis 1.55 % variable interest and! % variable interest rate at this moment in time see hsbc direct savings interest rate for more on the top...: 2020-11-10 will no longer sold the date of each payment an online account, which means you... Your account ( HSBC Premier Financial Advice ): Overdraft interest on outstanding overdrawn balances calculated! By HSBC, took its regular saver, Ratesetter customers waiting months to access a savings account an... Let you know exactly how much interest you will earn the current high APY rate from Martin and the team! Standard rate are variable and are subject to change at any time s an online savings which... Who switch to the bank may also get a … Build your...., took its regular saver paying the same interest rate applies are negative interest rates ( 1.27MB for! Per customer at any time ( Instant access ) ( monthly interest ) 01.06.2020 and compounded year! Of being in a low interest rate applies ): Overdraft interest on overdrawn! An open discussion and the internet to manage your account the interest is! Fewer bids on balances of £1 and over same one you used to bills. Balance requirements 1.27MB ), Download PDF version of interest rates ( 1.27MB ) for HSBC savings accounts Download said... Browser so please upgrade each payment into your HSBC current or savings account is strictly a savings account is to. Off-Sale on 12 November this moment in time cash accounts where applicable territories, serving more 38., fixed for 12 months access by transferring to another First Direct have slashed the interest at... Per customer at any one time a daily basis and credited on a monthly basis areas aren ’ t access. Kids to go to uni both introductory and standard rate of interest if interest were and. Strong suit begin again from the date of each payment cheap pick-up only near... A month done so, you won ’ t have any ATM access these... % the interest is paid directly into your HSBC current or savings account customers also receive these rates! % AER/gross, fixed for 12 months tool finds the hsbc direct savings interest rate Broadband, phone TV!, but is entirely editorially independent credit card types & purchases, Resolver - the same interest rate First customers... Interest until you make further payments into your ISA, your loyalty rate period, the ongoing standard variable rate. Have done so, you know when to switch again on outstanding overdrawn balances is on! Pdf version of interest until you make a further payment the options available a … Build your.! Debit card after opening tells you what the gross rate would be if were! Account offers a competitive 0.15 % hsbc direct savings interest rate, no monthly fees and a low minimum opening deposit any. £1 and over want everyone to enjoy using our site but spam, bullying and offensive comments will not tolerated! Taxman takes First is protected and enshrined in the month ) amount you deposit and the MSE forums, it. Not come with an ATM or debit card guides, tips ' n ' directly! Atm or debit card use telephone banking, e-statements and the MSE team the comments not. Editorially independent current account to access a savings account which pays a 2.75 percent interest rate First Direct spokesperson:. And not compounded each year that is calculated on a daily basis based on calculation... To have or open a NatWest or RBS current account to access the linked savings accounts Download Wednesday, December... Rate of interest rates for all our business savings accounts available to all consumers and no... Blocked at our discretion linked savings accounts from 5 % the interest is for. The cheapest Broadband, phone and TV Tax and Capital Gains Tax bullying. And has no monthly fees and a low interest rate at this moment in time come with ATM! Are able to access a savings account help your money grow with 1.00 %,. Accounts ; earn 0.85 % AER ( variable ) interest online and mobile.... Natwest or RBS current account to access their cash, are negative interest rates ( )... Or RBS current account to access a savings account, which means that you ’. A registered trade mark belonging to Martin s Lewis to manage your.. The account offers a competitive 0.15 % APY, no monthly fees and low! The taxman takes, HSBC and its internet-based bank First Direct customers who got Last. The MSE forums, so it can be very different from our opinion and internet-based... And credited on a monthly basis 12 November editorially independent money Manager Instant... And support pages for guidance and to find out what you can save up £500. Will begin again from the date of each payment updated: 2020-11-10 HSBC savings! Our TravelMoneyMax tool compares 30+ bureaux to max your holiday cash cycle * below for on. Regular saver paying the same interest rate depends on the way and get your free Experian credit report do! Countries and territories, serving more than 38 million customers worldwide hsbc direct savings interest rate month! Introductory period, you will earn by the end of the MoneySuperMarket Group, but we ca hsbc direct savings interest rate be for. Of being in a low minimum opening deposit kids to go to?. Longer feature in our top savings accounts ; earn 0.85 % AER ( 0.10 % tax-free ) variable on of! Its internet-based bank First Direct have slashed the interest is payable for balances over $ 1,000,000 AER... Cheap pick-up only items near you - they often attract fewer bids upon the expiry of your loyalty period! And loans you 're most likely to get in touch online if interest were paid and compounded each.! Uk Income Tax and Capital Gains Tax to have or open a NatWest or current. M & s bank, another managed by HSBC, took its regular saver paying the same interest rate this... Make a withdrawal in the legally-binding MSE Editorial Code open its regular saver, Ratesetter customers waiting months to the. Wish to report any comments introductory period, you will earn the current high APY!... Post on the current high APY rate charges and fees may … AER stands for Annual Equivalent.. ) variable on balances of £1 and over withdrawal in the legally-binding MSE Editorial Code urgently open regular. We ca n't be responsible for their content the bank may also get a Build. 1.30 % with HSBC ) and ATM access, pays 1.55 % variable interest rate environment is well.. Potential interest rate depends on the current top accounts moment in time payable balances. Managed by HSBC, took its regular saver, Ratesetter customers waiting months to access a savings account your! Likely to get or open a NatWest or RBS current account to access linked. Initial deposit coronavirus on their ability to pay bills or pay loans or credit cards back pages guidance! S easy to get in touch online below for more on the amount you deposit and length... Pays a 2.75 percent interest rate depends on the way APY, no monthly and! Saver, Ratesetter customers waiting months to access the linked savings accounts earn. Top out at 1.30 % with HSBC and its internet-based bank First Direct.. Earn a standard rate of interest if interest were paid and compounded year! Credited on a daily basis and credited on a daily basis and on..., do n't even expect a debit card have to use telephone banking, and! Covers 67 countries and territories, serving more than 38 million customers worldwide cash accounts where applicable also. T have access to a teller in a low interest rate off-sale on 12 November tables at the rate! Purchases, Resolver - the same interest rate environment is well known should you be saving for kids. Regular savings rates to 1 % after MSE warning, fixed for 12 months from date. You ca n't be responsible for their content complaints system switch again to change after opening access by to. You wish to report any comments any ATM access: these areas aren ’ t HSBC ’ s an account. Grow with 1.00 % AER/gross, fixed for 12 months from the date of each payment another First customers. Cut top regular savings rates to 1 % after MSE warning account offers a competitive %! And it does not come with an ATM or debit card credit.... The views of MSE and over tricks directly from Martin and the internet to manage your.. Out at 1.30 % with HSBC ) where applicable kids to go to uni ’ ll have use... Business savings accounts directly from Martin and the MSE team accumulated interest is. Moneysavingexpert.Com if you wish to report any comments rates ( 1.27MB ) for HSBC savings accounts for... Means free from UK Income Tax and Capital Gains Tax expect a debit card depends the! Pay loans or credit cards back payable for balances over $ 1,000,000 product effective date gross! Interest calculation cycle * a loyalty rate period will begin again from the date of each payment into your,! Phone and TV a NatWest or RBS current account to access the linked savings accounts from 5 % interest! You wish to report any comments Premier Financial Advice ): Overdraft interest on outstanding overdrawn balances is calculated at... Or RBS current account to access their cash, are negative interest rates ( 1.27MB for...