Protection
FSCS£120,000
Min balance
£1
Max balance
No limit
Access
Instant
Interest paid
Monthly
Transfers in
Accepted
HSBC is also paying up to £500 to switch your current account.
Rate Tiers
HSBC Premier
3.00%AER
HSBC Premier current account holders
Other current accounts
2.50%AER
All other HSBC current account holders
How It Stacks Up
Ranks 91st of 137
Cash ISAs we track
This account 2.50%
- UK CPI (Aug 2026)
- 3.10%
- Pays 0.60% less
- Average cash ISA
- 2.98%
- Pays 0.48% less
- Best cash ISA
- 4.87%
- Pays 2.37% less
Inflation: ONS. Averages and best rates: accounts on DepositScout.
A better-paying alternative
Trading 212
Cash ISA
4.60%
AER
- Pays 2.10% more than this HSBC account
- Includes a 1.00% bonus for 12 months, then 3.60%
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
- Con: Not flexible: money you withdraw can't be replaced without using more allowance
Please verify all details with the provider – see our Disclaimer
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