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
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.”
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