In addition to the £200 cash that is on offer, customers can also benefit from a 3.00% AER / gross interest rate on the bank’s Online Bonus Saver (up to £10k) which could encourage an important savings habit.
Plus, when used in conjunction with other discounts - for example HSBC UK’s ‘home and Away’ scheme which includes a selection of discounts and offers for credit and debit card holders - customers can continue to make savings that could be worth hundreds of pounds of a year.
The home and Away discounts, which are available to customers across all current accounts and credit cards are accessed online through the site and available to use with online purchases as well as those made in person with many different merchants and retailers. Offers include many household names across travel, dining, experiences, shopping, wellbeing and education.
Tom Wolfenden, HSBC UK’s Head of Retail, said: “The increased cost of living is having an impact in many different ways. While we know that some people are reviewing their daily, weekly or monthly spend, including cancelling hundreds of thousands of unused or unwanted subscriptions, taking a wider, more holistic look at products or services that might provide overall and longer term value could provide some important rewards or savings.”
HSBC UK’s Head of Retail
“In May, we introduced our new Rising Cost of Living hub to not only help customers understand why the cost of living squeeze is happening, but to also provide tips to help save on costs while offering help on where to go for additional support for those who may be struggling. In addition, from 20th October we increased interest rates for the fifth time this year across our Savings accounts, which will provide greater returns for customers with savings with us.”
To help support people with the increase in the cost of living, HSBC UK has a number of tools available including:
Notes to editors:
HSBC UK Media Relations: Steve Gracey | email@example.com | 020 7991 4118
Notes to editors:
About HSBC UK
HSBC UK serves over 14.85 million customers across the UK, supported by 23,500 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 UK Bank plc is a wholly owned subsidiary of HSBC Holdings plc.
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 63 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of $2,992bn at 30 September 2022, HSBC is one of the world’s largest banking and financial services organisations.