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.
Rate Tiers
Up to £50,000
1.10%AER
£50,000 – £100,000
1.15%AER
£100,000+
1.65%AER
How It Stacks Up
Ranks 131st of 152
Easy access accounts we track
This account 1.10%
- UK CPI (Aug 2026)
- 3.10%
- Pays 2.00% less
- Average easy access
- 2.83%
- Pays 1.73% less
- Best easy access
- 5.00%
- Pays 3.90% less
Inflation: ONS. Averages and best rates: accounts on DepositScout.
A better-paying alternative
Tembo
HomeSaver
4.55%
AER
- Pays 3.45% 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
Exclusively for HSBC Premier customers.
Please verify all details with the provider – see our Disclaimer
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