3 Year Fixed Rate Saver - HSBC

3 Year Fixed Rate Saver

HSBC
0.7 % AER
Headline Interest Rate
Fixed
For 36 months
FSCS
Compensation Scheme
£ 2,000 min initial deposit
£ 1,000,000 max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 0.7 % AER
Headline Interest Balance: £ 2,000
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 2,000
Date account was introduced: 31 Oct 2016

This account may be appropriate for you if

  • You are happy not withdrawing funds before the end of the term
  • You are over 7 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£2,0000.70%0.70%0.70%

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: annually, monthly
Minimum Balance: £ 2,000
Maximum Balance: £ 1,000,000
Statement Frequency: not issued
Additional Deposits: Not allowed
Standing Orders: Not allowed

Withdrawals

Withdrawal Conditions: No partial withdrawals permitted during term of account. Early closure permitted subject to 90 days loss of interest penalty if balance below £50,000..
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: Free withdrawals are not permitted
Transferred on Maturity: If no instructions are received from the customer at maturity, funds will be transferred to a branch based account that would have been linked to the account at the time of opening. This account could either be a savings or current account.

Conditions

Additional Account Required: To open this account customers must first open a current or savings account (not an ISA) with HSBC (if they do not already have one).
Trustee Types: This product is available to open on behalf of a child.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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