This comparison simply includes all savings accounts.
HSBC Instant Access Savings Accounts
Why we like it: 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)
Why we like it: Tax free ISA account. Open with £1 or transfer in existing ISA funds. Invest up to £20,000 per tax year. Interest can be paid into account, alternative Nationwide savings or current account, or an external current account. Must be UK resident and aged 16 or older. Headline interest rate applicable if no more than 1 withdrawal per account year, fFor 2 or more withdrawals the interest rate drops to 0.50% AER. FSCS Protected
Why we like it: Unlimited withdrawals subject to 30 days notice.
Why we like it: Earn 1.00% gross/AER on balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest.
Why we like it: 5.00% interest for 12 months on balances up to £2,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Must be aged 18 or older.
Why we like it: Earn 1.50% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% CASHBACK on various household bills. Monthly fee of £5. Must pay in £500 pm.
HSBC Instant Access Savings Accounts
HSBC is one of the largest banks in the world, which provides business and personal banking services. They have a plenty of high interest accounts available with flexible access to your money, including high interest instant access savings accounts.
HSBC Easy Saver Account
The HSBC Flexible Saver account may be a good option for you, if you require a savings account that can provide good interest rates and instant access to your savings. The Flexible Saver account gives you the freedom to make a deposit at any time and enables you to make unlimited withdrawals, without incurring penalty charges. This gives you instant access to your savings.
The HSBC Flexible Saver account gives you the opportunity to earn competitive interest on your savings, as HSBC boasts some of the best monthly interest that high street banks have to offer. The account has many attributes, which makes it well suited to students, young professionals, over 50s, those looking towards retirement and retired individuals. There is no age restriction to open a Easy Saver account, which makes it a perfect savings account for over 60s.
- Competitive interest rates
- Open an account with just £1
- No maximum balance
- Unlimited withdrawals
- Easy saver rates
- Manage your accounts instantaneously with online access
Review our table above to compare the HSBC savings account with other instant access high street savings accounts.
Quick online application setup from HSBC
With UK savings rates at an all time low you need to take action to ensure your savings are getting the best interest deal possible.
The reality is that the current savings accounts on offer in the UK do not provide interest rates that match inflation. As a result, peoples’ savings are eroding in real terms. This is because the interest rates that savings accounts offer are based on the Bank of England’s base rate. We can help you compare a selection of some of the best interest paying accounts.
For savers looking to access their money regularly, a good instant access savings account will offer flexible withdrawal facilities while combining these with a good rate of interest.
See here for a comparison of leading UK instant access accounts