Regular Saver (Bank Account & Graduate) Ex/C - HSBC

Regular Saver (Bank Account & Graduate) Ex/C

HSBC
3 % AER
Headline Interest Rate
Regular Saver
FSCS
Compensation Scheme
£ 25 min monthly deposit
£ 250 max monthly deposit
  • Open By:

About the account

Account Type: Regular Saver
Headline Interest Rate: 3 % AER
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 25
Minimum Monthly Deposit: £ 25
Minimum Additional Deposit: £ 25
Maximum Monthly Deposit: £ 250
What happens if you miss a payment: After the initial payment, there is no penalty or lower interest rate if no further payments are made.
Date account was introduced: 03 Sep 2012
Date of last rate changed: 03 Sep 2012
Maximum rate change: -1 %

This account may be appropriate for you if

  • You are happy not withdrawing funds before the end of the term
  • You are over 16 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£253.00%3.00%3.00%

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: maturity
Statement Frequency: maturity
Additional Deposits: Not allowed
Standing Orders: Allowed

Withdrawals

Withdrawal Conditions: No withdrawals permitted during term of account.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: No withdrawals permitted during term of account.
Transferred on Maturity: At the end of 12 months the savings will be transferred into the customer's Instant Access Savings, Flexible Saver or Premier Savings. If more than one of these accounts is held then the savings will be paid into the account which pays the best interest, and if none of these accounts are held, the account will be converted to a Flexible Saver. Please note that the money will only be moved into accounts that have exactly the same sole or joint names as the Regular Saver account.

Conditions

Existing Customer: Only available to customers who have an HSBC Bank Account or Graduate Bank Account.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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