Protection
FSCS£120,000
Min balance
£1
Max balance
No limit
Access
Instant
Interest paid
Monthly
HSBC is also paying up to £500 to switch your current account.
How It Stacks Up
Ranks 133rd of 152
Easy access accounts we track
This account 1.05%
- UK CPI (Aug 2026)
- 3.10%
- Pays 2.05% less
- Average easy access
- 2.83%
- Pays 1.78% less
- Best easy access
- 5.00%
- Pays 3.95% less
Inflation: ONS. Averages and best rates: accounts on DepositScout.
A better-paying alternative
Tembo
HomeSaver
4.55%
AER
- Pays 3.50% more than this HSBC account
- Instant access, open with £10
We may earn a commission if you open this account.
A Good Fit For
- Pro: New and existing savers
- Pro: Savers who want instant access
- Pro: Savers who want a monthly income
Worth Weighing Up
- Con: The rate is variable, so it can go down
Good to Know
Interest is variable and HSBC can change the rate in line with the account's Terms and Conditions.
Please verify all details with the provider – see our Disclaimer
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