Whether you’re saving for a wedding, a new car, a once-in-a-lifetime holiday or maybe all 3, you can open as many Flexible Saver accounts as you have reasons to save.
Open an account with £1
How much you save is up to you – you can put in a lump sum or save a little at a time, starting from just £1
Save a bit every month
You can choose to save by standing order, transferring a set amount into the account each month or by making a lump sum payment. There’s no maximum balance
Access your money instantly
This is an instant access account, so you can take out and transfer money whenever you need to, no notice required
Watch your money grow
You’ll earn interest on your savings – and, if you’re an HSBC Advance customer, you’ll enjoy preferential rates that could help you save even more. More on HSBC Advance
Manage your money anytime
Once opened, you can manage your account via telephone and online banking, the HSBC UK Mobile Banking app or in any of our branches
Open a Flexible Saver account today
Start saving for something special with just a £1 deposit.
Please read the important product information and check eligibility before you apply.
Flexible Savers help you save for anything, in a way that suits you. You can start your Flexible Saver account with just £1, and pay in lump sums or set up a standing order to save a set amount each month.
It's an instant access account, so you can put in or take out money whenever you like. There are no charges for withdrawals.
You can open as many Flexible Saver accounts as you like – perhaps one for a wedding and another for a holiday.
You'll earn interest on your money and if you're an HSBC Advance customer you are eligible for a preferential rate. More on HSBC Advance.
Unless you tell us otherwise, we will send you paper statements via the post. If you prefer, you can switch off your paper statements on Online Banking.
|All Balances||Standard Rate||0.15% AER Gross|
|Interest rate||0.15% AER Gross|
Standard Rates - all customers except HSBC Advance and HSBC Graduate customers.
Preferential Rates - HSBC Advance and HSBC Advance Graduate customers only.
Interest is calculated daily and credited to the account monthly.
Yes, the interest rate is variable. We can change the interest rate on this account, in line with the account's Terms and Conditions.
|Initial deposit||Rate||Interest rate||Balance at the end of 12 months|
|£1,000||Standard Rate||0.15% AER/Gross||£1,000.50|
|£1,000||Preferential Rate||0.20% AER/Gross||£1,002|
|Interest rate||0.15% AER/Gross|
|Balance at the end of 12 months||£1,000.50|
|Interest rate||0.20% AER/Gross|
|Balance at the end of 12 months||£1,002|
For the purpose of this calculation, it is assumed the initial deposit is £1,000, there are no further deposits and no changes apply to the interest rate during the 12 months.
Projection provided for illustrative purposes only and does not take into account individual circumstances.
Aged 16 years or over
How to open the account:
Open an account via Online Banking, Telephone Banking or in branch.
A minimum of £1 must be deposited to open the account.
There is no maximum balance.
How to manage the account:
Once opened you can view your balance via Online Banking, Telephone Banking, the HSBC UK Mobile Banking App or in branch.
Yes, you have instant access to your account. You can make as many fee free withdrawals as you like.
A 14 day cancellation period applies to this account.
We do not deduct tax from any interest paid to you.
Tax benefits depend on individual circumstances and could change in the future.
AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year.
Gross is the rate of interest if interest were paid and not compounded each year.
Rates correct as at 03.09.2018
If you have an HSBC current or another savings account and you're registered for online banking, you can apply online in minutes.
If you don’t have a HSBC current account please apply in your local branch.
Non-UK tax residents
If you’re liable to pay tax outside the UK, please apply at your local branch
It only takes a few minutes. Then, once you receive your security details, you can apply online right away.
Before applying, please take the time to read the following documents. You may also want to save them for future reference.
This tool will help you think about if your money is working hard enough for you and how you could take to achieve your goals.
Save up to £3,000 at a fixed rate of interest for 12 months.
Find out more about tax efficient savings and how to make the most of your ISA allowance.