HSBC increases the interest rates on some savings accounts by up to 0.85 percent

HomeBusiness

HSBC increases the interest rates on some savings accounts by up to 0.85 percent

The Online Bonus Saver will see its bonus rate increase by 0.85 percent to 1.30 percent (from 0.45 percent) on balances up to £10,000To encourage s

Chinese cops 'beat' protesters outraged at having bank accounts frozen
Best bank accounts UK: Top 12 packaged bank accounts with best value for money
Exact date one million on tax credits will get first half of £650 cost of living payment in bank accounts


The Online Bonus Saver will see its bonus rate increase by 0.85 percent to 1.30 percent (from 0.45 percent) on balances up to £10,000

To encourage saving from an early age, HSBC UK’s youth savings accounts will also increase by up to 0.25 percent, taking the MySavings account to 3.25 percent AER.

Rate  changes will also be implemented on Premier Savings, Flexible Saver (+0.10), the bank’s Cash ISA range (+0.10), Help to Buy:ISA (+0.25) and Fixed Rate Saver (+0.10 percent).

Tom Wolfenden, HSBC UK’s Head Of Retail, said: “While our savings products are not directly linked to the Bank of England Base Rate, we take this into account alongside a number of other factors when setting our interest rates.”

READ MORE: ‘I had a breakdown’ Pensioner devastated as she loses £125,000



COMMENTS

WORDPRESS: 0
DISQUS: 0