HSBC UK announces changes following interest rate review
Following a further review, HSBC UK is increasing the interest rates on some of its variable rate savings accounts by up to 0.25% from 28th April 2022, the bank has confirmed.
While these rates are not directly linked to the Bank of England Base Rate, they are continually reviewed and take a number of factors into consideration. Rate changes for our onsale products are listed below.
| Savings Account | Interest Rate Change |
|---|---|
Youth Accounts
|
+0.25% from 2.75% to 3.00% +0.25% from 0.50% to 0.75% |
Cash ISAs
|
+0.15% from 0.25% to 0.40% +0.15% from 0.20% to 0.35% +0.15% from 0.15% to 0.30% |
Instant Access
|
+0.20% from 0.25% to 0.45% +0.20% from 0.20% to 0.40% |
Fixed Rate Saver
|
+0.20% from 0.25% to 0.45% +0.20% from 0.30% to 0.50% |
All interest rates are AER/Gross
Media enquiries to:
Email: UKPressOffice@hsbc.co.uk
Note to editors:
About HSBC UK
HSBC UK serves over 14.75 million customers across the UK, supported by 24,000 colleagues. HSBC UK offers a complete range of retail banking and wealth management to personal and private banking customers, as well as commercial banking for small to medium businesses and large corporates.
HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, the Middle East and North Africa. With assets of US$2,958 billion at 31 December 2021, HSBC is one of the world’s largest banking and financial services organisations.