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Fixed rate savings accounts
Secure your rate with our fixed accounts
Fix your savings, with a secured rate and a term to suit you
Don't need access to your money yet? One of our fixed rate savings accounts could be just what you're after. Open an account today, secure your rate and know what interest you will get at the end of the term.
Why choose an HSBC fixed rate savings account?
Certainty of rate
The rate will not change throughout the duration of the term.
Earn more on your savings
Get a higher rate of interest than instant access savings by fixing your money for a set term.
Choose a period that suits your goals
With our fixed accounts, you can choose between 1 year to 2 years.
Predictable financial planning
You'll know exactly how much money you will get at maturity.
Our fixed rate savings accounts
Fixed Rate Cash ISA（https://www.hsbc.co.uk/savings/products/fixed-rate-isa/）
Tax-free savings, with a fixed rate for up to 13 months. For current account customers only.
Fixed for up to 13 months: 4.30% AER (4.30% tax-free)
Instant access: No (withdrawal restrictions and an early withdrawal fee may apply)
We calculate interest daily and credit this at the end of the fixed term.
Tax-free means free from UK Income Tax and Capital Gains Tax.
Fixed Rate Savings Account（https://www.hsbc.co.uk/savings/products/fixed-rate/）
Save for 1 or 2 years. Deposit a lump sum from £2,000 up to £1 million. For current account and savings account customers only (not including Appointee/Executor Account, Loyalty Cash ISA or Regular Saver).
1-year term: 4.50% AER / gross
2-year term: 5.00% AER / gross
Instant access: No. Withdrawal restrictions apply
Interest is paid monthly or yearly and the rate is fixed.
Regular Savings Account（https://www.hsbc.co.uk/savings/products/regular-saver/）
Save between £25 and £250 every month with a 12-month fixed rate account. Available to customers with a current account (excluding Appointee/Executor Account).
Interest rate: 5.00% AER / gross
Instant access: No (restrictions apply)
Interest is paid after 12 months and the rate is fixed.
Related articles
What is the Personal Savings Allowance?（https://www.hsbc.co.uk/savings/personal-savings-allowance/）
Find out how you can earn tax-free interest thanks to this handy allowance.
How to start saving money（https://www.hsbc.co.uk/savings/how-to-save-money/）
Read our tips on ways to start saving money.
ISAs or savings accounts（https://www.hsbc.co.uk/savings/isas-vs-types-of-savings-accounts/）
Find out whether Individual Savings Accounts (ISAs) or savings accounts are the best way to help your money grow.
Frequently asked questions
Can I close a fixed rate savings account early?
This will depend on your provider and any restrictions they may have.
At HSBC you can withdraw all of the funds and close your account early, but you’ll have to pay a fee which will be the lower of:
The interest earned on the account, or
A maximum of 90 days' interest
How does a savings account work?
A savings account lets you earn interest on the money you put away.