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This comparison simply includes all savings accounts.

Leeds Building Society
Limited Issue Online Access Account Leeds Building Society
Min deposit £1000
Term Instant Access
Interest AER 4.85%

Why we like it: Interest paid annually. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older

Wombat Invest
GB Bank Base Rate Tracker Savings Account brought to you by Wombat Invest
Min deposit £500
Term Easy Access
Interest AER 4.91%

Why we like it: Easy access savings account that tracks the Bank of England base rate. Wave goodbye to the constant cycle of account hopping and forget waiting for banks to pass on higher interest rates. Interest rate moves with the Bank of England base rate, guaranteeing a fixed margin of up to 0.5% below, and adjusts the very next day. Easy access to your money with once a month withdrawals, without notice and without fees. Earn daily interest on your money, and experience the power of compounding to make your savings work harder. Maximum deposit £250,000. Wombat has partnered with GB Bank to bring you the Base Rate Tracker. GB Bank is an award-winning, fully authorised and regulated UK bank. FSCS eligible on your deposits. Must be UK resident. Must be aged 18 or older

Chip
Instant Access Account Chip
Min deposit £1
Term Instant Access
Interest AER 4.84%

Why we like it: A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. Must be UK resident. Must be aged 18 or older.

Yorkshire Building Society
Easy Access Saver Yorkshire Building Society
Min deposit £1
Term Instant Access
Interest AER 4.80%

Why we like it: Save from £1. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older

Post Office
Online Saver Account Post Office
Min deposit £1
Term Instant Access
Interest AER 4.75%

Why we like it: Choose monthly or annual interest payments. Unlimited deposits and withdrawals. 24/7 access to your savings. Open and manage online. After 12 months the rate will revert to the underlying rate, currently 1.55% gross/AER variable. Post Office Online Saver is provided by Bank of Ireland UK. Must be UK resident. Must be aged 18 or older. FSCS protected

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 4.75%

Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)

Investec Savings
Online Flexi Saver Investec Savings
Min deposit £5000
Term Instant Access
Interest AER 4.70%

Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

RCI Bank
E-Volve 14 Day Notice Account RCI Bank
Min deposit £1000
Term 14 Day Notice
Interest AER 4.80%

Why we like it: All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Which? Recommended Savings Provider. Unlimited withdrawals subject to 14 days notice. Must be UK resident. Must be aged 18 or older. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Investec Savings
90 Day Notice Account Investec Savings
Min deposit £5000
Term 90 Day Notice
Interest AER 5.25%

Why we like it: Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must be aged 18 or older and have a UK address. Must have a linked UK current account

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 9 Months
Interest AER 5.05%

Why we like it: 9 month term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 1 Year
Interest AER 5.11%

Why we like it: 1 year term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 18 Months
Interest AER 4.65%

Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected

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HSBC Current Account review

HSBC offer a range of current accounts. The Basic Bank Account is a very simple account which covers your basic banking needs.

To keep things simple, this account does not offer a cheque book, overdraft or other credit facilities. It also doesn’t pay any interest on your balance.

HSBC current account features

With a HSBC current account you can benefit from:

  • A Visa debit card
  • Cash withdrawals of up to £300 per day
  • Creating Standing Orders and Direct Debits plus making payments to friends and family
  • 24/7 telephone and internet banking
  • Up to £100 cashback at outlets nationwide when you pay with your debit card
  • Use your debit card to withdraw local currency at cash machines worldwide and pay for goods and services wherever you see the VISA logo

If you are looking for your account to work a bit harder then HSBC’s Advance or Premier accounts could be for you.

Additional incentives with HSBC current accounts

  • A minimum overdraft offer of £1000 at account opening
  • Reduced booking fees on HSBC's Standard Mortgage range

The switch bonus is also available if you are switching to HSBC's Premier Account. But you will need to either pay your income into it and have £50,000 of savings/investments with HSBC or have an income of £100,000+ a year, plus another qualifying product with HSBC.

Other Useful Information

  • You must open the account, then use HSBC's Current Account Switch Service to switch, including at least two Direct Debits or standing orders, within 30 days
  • The bonus is paid within 70 days of opening the Advance Account – provided you have met the switching criteria in the bullet above
  • You cannot get the bonus if switching from another HSBC account, or if you have had a current account with it in the past twelve months
  • To get the £50 extra bonus, you need to register for mobile or online banking within 60 days of account opening and pay in £1,750 per month for at least nine of the first 12 months. The bonus will be sent within 30 days of your first anniversary of account opening.
  • HSBC shares its £75,000 UK savings safety guarantee with First Direct, so if you hold more than £75,000 across the two banks the excess will not be protected

Overall HSBC offers a great basic bank account if you just want a functioning account with no complications. Meanwhile, their Advanced and Premier accounts provide some great rewards and incentives for those who are able to meet the monthly requirements.




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Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

We've been comparing savings and current accounts for many years so you can trust you're in good hands.