Regular Saver

HSBC Regular Saver Review

A regular saver from HSBC, letting you save up to £250 a month for 1 year. It ranks 22nd of 48 regular savers we track.

Fixed rate · 1 year

5.00%AER

Needs an HSBC current account

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Monthly limit

£250

Max balance

£3,000

Access

No withdrawals

Interest paid

On maturity

Not with HSBC yet? They're paying up to £500 to switch your current account.

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How It Stacks Up

Ranks 22nd of 48

Regular savers we track

Just below average
This account 5.00%
UK CPI (Aug 2026)
3.10%
Pays 1.90% more
Average regular saver
5.05%
About the same
Best regular saver
8.00%
Pays 3.00% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare regular savers

A Good Fit For

  • Pro: People who can save a set amount each month

Worth Weighing Up

  • Con: You need an HSBC current account to open it
  • Con: You can only pay in up to £250 a month
  • Con: You can only save up to £3,000

Good to Know

HSBC current account required.

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Estimated returns with HSBC's Regular Saver

What you could earn with HSBC's Regular Saver.

Estimated interest

£50 a month

£16.25

At 5% AER

£100 a month

£32.50

At 5% AER

£200 a month

£65

At 5% AER

£250 a month

£81.25

At 5% AER

Estimated over one year, if the rate stays the same and interest is left in. Assumes you pay in that amount every month for the full term.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on HSBC Regular Saver

Jonny PeaseCo-Founder, DepositScout

HSBC's Regular Saver pays 5.00%, which beats August 2026 CPI of 3.1% by 1.90%, but it sits below the regular saver market average and 3.00% behind the category leader at 8.00%. The real catch is the no-withdrawal rule: any early closure or surplus above the £250 monthly cap earns only the Flexible Saver rate instead. You can save between £25 and £250 a month, up to £3,000 over the year. If HSBC is not your bank, Lloyds Bank Monthly Saver and Bank of Scotland Monthly Saver both match this 5.00% rate.

2 alternatives to HSBC's Regular Saver

Same type of account, closest on rate.

Common questions about the Regular Saver

D

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Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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