HSBC

HSBC is one of the largest banks in both the UK and the world. It’s listed on both the Hong Kong Stock Exchange and the London Stock Exchange. It’s also a member of the FTSE 100.  

HSBC stands for The Hongkong and Shanghai Banking Corporation. It was founded in 1865 in Hong Kong, which was then a British colony. HSBC is now the main subsidiary of HSBC Holdings, which was formed in 1991. 

HSBC offers a full range of banking products, including current accounts, savings accounts, personal loans, mortgages and credit cards. It also offers home and travel insurance, which are underwritten by Aviva, and its own life insurance product.

HSBC
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Bank accounts

Ranked 26th of 28 providers reviewed.

Customer happiness 54.56%
Customer trust 50.53%
Complaints performance 56.42%
Transparency rating 77.06%
Fairer Finance score
Reviewed Autumn 2022
60%

Credit cards

Ranked 25th of 31 providers reviewed.

Customer happiness 56.12%
Customer trust 52.81%
Complaints performance 56.42%
Transparency rating 50.64%
Fairer Finance score
Reviewed Autumn 2022
54%
Gold ribbon: first place

Home insurance (building and contents)

Ranked 10th of 48 providers reviewed.

Customer happiness 64.02%
Customer trust 63.01%
Complaints performance 74.08%
Transparency rating 72.18%
Fairer Finance score
Reviewed Autumn 2022
68%

Investing and pensions

Ranked 16th of 24 providers reviewed.

Customer happiness 58.72%
Customer trust 64.47%
Complaints performance 76.84%
Transparency rating 48.57%
Fairer Finance score
Reviewed Autumn 2022
62%

Life insurance

Ranked 10th of 26 providers reviewed.

Claims score 92.15%
Complaints performance 91.63%
Transparency rating 48.06%
Fairer Finance score
Reviewed Autumn 2022
77%

Mortgages

Ranked 13th of 23 providers reviewed.

Customer happiness 58.2%
Customer trust 52.56%
Complaints performance 78.48%
Transparency rating 62.95%
Fairer Finance score
Reviewed Autumn 2022
63%

Personal loans

Ranked 24th of 26 providers reviewed.

Customer happiness 55.37%
Customer trust 54.39%
Complaints performance 56.42%
Transparency rating 64.79%
Fairer Finance score
Reviewed Autumn 2022
58%

Savings Accounts

Ranked 41st of 50 providers reviewed.

Customer happiness 45.45%
Customer trust 54.46%
Complaints performance 56.42%
Transparency rating 79.87%
Fairer Finance score
Reviewed Autumn 2022
59%

Bank accounts

Basic bank accounts

HSBC

Basic Bank Account

4 stars
Cash withdrawal fee in UK (own bank) i £0.00
Annual fee i £0.00
Part of FSCS i
Faster Payment limit i £10,000.00
Maximum cash machine withdrawal per day i £300.00
Can you use your card to pay for items overseas? i

Current accounts

HSBC

Advance Bank Account

3 stars
Annual fee i £0.00
Maximum cash machine withdrawal per day i £500.00
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0.00
Card payment fee (£) i £0.00
App capability? i

HSBC

Bank Account

3 stars
Annual fee i £0.00
Maximum cash machine withdrawal per day i £300.00
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0.00
Card payment fee (£) i £0.00
App capability? i

Foreign use bank accounts

HSBC

Advance Bank Account

1 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i 2% (Minimum £1.75, Maximum £5)
Foreign purchases fee i 2.75%
Is there a limit on free cash withdrawals? i No free cash withdrawals

HSBC

Premier Bank Account

1 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.75%
Is there a limit on free cash withdrawals? i No free cash withdrawals

HSBC

Bank Account

1 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i 2% (Minimum £1.75, Maximum £5)
Foreign purchases fee i 2.75%
Is there a limit on free cash withdrawals? i No free cash withdrawals

HSBC

Student Bank Account

1 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i 2% (Minimum £1.75, Maximum £5)
Foreign purchases fee i 2.75%
Is there a limit on free cash withdrawals? i No free cash withdrawals

HSBC

Graduate Bank Account

1 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i 2% (Minimum £1.75, Maximum £5)
Foreign purchases fee i 2.75%
Is there a limit on free cash withdrawals? i No free cash withdrawals

HSBC

Basic Bank Account

1 stars
Foreign cash withdrawal fee i 2.75%
Foreign cash withdrawal additional charge i 2% (Minimum £1.75, Maximum £5)
Foreign purchases fee i 2.75%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Overdrafts

HSBC

Premier Bank Account

5 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £500.00
Arranged overdraft interest rate (representative EAR) i 39.9%

HSBC

Advance Bank Account

2 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £25.00
Arranged overdraft interest rate (representative EAR) i 39.9%

HSBC

Bank Account

2 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £25.00
Arranged overdraft interest rate (representative EAR) i 39.9%

Student bank accounts

HSBC

Graduate Bank Account

4 stars
Arranged overdraft limit i Subject to status
Tiered repayment of overdraft i
Switching / sign up incentive i

HSBC

Student Bank Account

4 stars
Arranged overdraft limit i £3,000.00
Tiered repayment of overdraft i
Switching / sign up incentive i

Business Credit Cards

Everyday Business Credit Cards

HSBC

Commercial Credit Card Visa

2 stars
Representative APR i 22%
Annual fee in first year i £32.00
Using card in Europe charge i 2.99%
Using card worldwide charge i 2.99%

Foreign Use Business Credit Cards

HSBC

Commercial Credit Card Visa

3 stars
Using card in Europe charge i 2.99%
Using card worldwide charge i 2.99%
Annual fee in first year i £32.00
Representative APR i 22%
Rewards i

Credit cards

0% balance transfer credit cards

HSBC

Balance Transfer Credit Card

3 stars
Duration of 0% balance transfer offer period i 27 months
Balance transfer fee during promotional period i 2.99%
Representative APR i 23.9%
Balance transfer rate during promotional period i 0%
Highest balance transfer fee during promotional period (%) i 2.99%
Representative balance transfer rate i 1.805%
Risk based? i

HSBC

Purchase Plus

3 stars
Duration of 0% balance transfer offer period i 17 months
Balance transfer fee during promotional period i 2.99%
Representative APR i 23.9%
Balance transfer rate during promotional period i 0%
Highest balance transfer fee during promotional period (%) i 2.99%
Representative balance transfer rate i 1.805%
Risk based? i

HSBC

Premier

3 stars
Duration of 0% balance transfer offer period i 18 months
Balance transfer fee during promotional period i 2.99%
Representative APR i 23.9%
Balance transfer rate during promotional period i 0%
Highest balance transfer fee during promotional period (%) i 2.99%
Representative balance transfer rate i 1.805%
Risk based? i

HSBC

Rewards

2 stars
Duration of 0% balance transfer offer period i 6 months
Balance transfer fee during promotional period i 2%
Representative APR i 23.9%
Balance transfer rate during promotional period i 0%
Highest balance transfer fee during promotional period (%) i 2%
Representative balance transfer rate i 1.805%
Risk based? i

0% purchase credit cards

HSBC

Purchase Plus

4 stars
Duration of purchases offer period i 20 months
Representative APR i 23.9%
Highest APR i 26.9%
Purchase rate during promotional period i 0%
Representative purchase rate i 1.805%
Number of days before interest is charged on purchases i 56 days
Risk based? i

HSBC

Premier

4 stars
Duration of purchases offer period i 9 months
Representative APR i 23.9%
Highest APR i 23.9%
Purchase rate during promotional period i 0%
Representative purchase rate i 1.805%
Number of days before interest is charged on purchases i 56 days
Risk based? i

HSBC

Rewards

4 stars
Duration of purchases offer period i 6 months
Representative APR i 23.9%
Highest APR i 26.9%
Purchase rate during promotional period i 0%
Representative purchase rate i 1.805%
Number of days before interest is charged on purchases i 56 days
Risk based? i

HSBC

Balance Transfer Credit Card

3 stars
Duration of purchases offer period i 3 months
Representative APR i 23.9%
Highest APR i 26.9%
Purchase rate during promotional period i 0%
Representative purchase rate i 1.805%
Number of days before interest is charged on purchases i 56 days
Risk based? i

Cashback and reward credit cards

HSBC

Premier World Elite

5 stars
Reward extras i Airport lounge access (LoungeKey programme), Free Wi-Fi (with iPass), 24/7 worldwide assistance, HSBC Premier Privileges (discounts and experiences)
Representative APR i 59.3%
Risk based? i
Annual fee in first year i £195.00
Annual fee after first year i £195.00
Foreign purchase fee i 2.99%

HSBC

Premier

1 stars
Reward extras i Extended warranty cover (2 years on selected household appliances), Airport lounge access for £20 (LoungeKey programme), 24/7 worldwide assistance, discounts and experiences available through HSBC Premier Privileges
Representative APR i 23.9%
Risk based? i
Annual fee in first year i £0.00
Annual fee after first year i £0.00
Foreign purchase fee i 2.99%

HSBC

Rewards

1 stars
Reward extras i
Representative APR i 23.9%
Risk based? i
Annual fee in first year i £0.00
Annual fee after first year i £0.00
Foreign purchase fee i 2.99%

Credit builder credit cards

HSBC

Classic

5 stars
Representative APR i 29.9%
Representative cash transaction interest rate i 2.592%
Representative purchase rate i 2.207%
Risk based? i
Initial minimum credit limit i £250.00
Representative balance transfer rate i 2.207%

Foreign use credit cards

HSBC

Balance Transfer Credit Card

1 stars
Foreign purchase fee i 2.99%
Foreign withdrawal fee i 2.99%
Representative APR i 23.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.805%

HSBC

Purchase Plus

1 stars
Foreign purchase fee i 2.99%
Foreign withdrawal fee i 2.99%
Representative APR i 23.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.805%

HSBC

Classic

1 stars
Foreign purchase fee i 2.99%
Foreign withdrawal fee i 2.99%
Representative APR i 29.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 2.207%

HSBC

Premier

1 stars
Foreign purchase fee i 2.99%
Foreign withdrawal fee i 2.99%
Representative APR i 23.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.805%

HSBC

Premier World Elite

1 stars
Foreign purchase fee i 2.99%
Foreign withdrawal fee i 2.99%
Representative APR i 59.3%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.456%

HSBC

Student

1 stars
Foreign purchase fee i 2.99%
Foreign withdrawal fee i 2.99%
Representative APR i 18.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.456%

HSBC

Rewards

1 stars
Foreign purchase fee i 2.99%
Foreign withdrawal fee i 2.99%
Representative APR i 23.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.805%

Gadget insurance

HSBC

Select & Cover (Mobile Phone & Gadget Insurance)

2 stars
Accidental loss cover i Not Covered
Mechanical breakdown cover i
Maximum single-item cover limit i £1,500.00
Tablets i
Territorial limits restriction i
Accidental damage cover i
Mechanical breakdown cover replacement limit i £1,500.00
Theft Cover i
Theft replacement limit i £1,500.00
Malicious damage cover i
Unauthorised usage cover i £2,500.00
Unauthorised usage cover (E-wallet) i £0.00
Accessories cover limit i £0.00
How is the excess charged? i Standard excess applied to all gadgets and claim types
Lowest excess i £75.00
Liquid damage excess i £75.00
Theft & loss claims excess i £75.00
Accidental damage and breakdown claims excess i £75.00
Cancellation fee i £0.00
Arrangement fee i £0.00
Additional excess charge i £0.00
Immediate cover with no additional excess in the first 30 days of the policy i TRUE
High end smartphones (>£1,000) minimum excess i £75.00
High end tablets (>£1,200) minimum excess i £75.00
High end laptops (>=£1,500) minimum excess i £75.00
High end MacBooks (>=£1,500) minimum excess i £75.00
Rapid replacement i
Pro-rata refund i
Claim under warranty i
Replacement claims limit per Item for accidental damage/mechanical failure i 4
Replacement claims limit per Item for theft or loss i 4
Replacement warranty i No new warranty or extension on replaced items
International cover limit (Days) i Unlimited
Type of product i Multi-Insurance Policy
Universal gadget policy? i
Family cover i
Multi cover discounts i
Underwriter i Aviva Insurance Limited
Age of customer requirement i 18
No claims period i Immediate Cover
Refurbished device cover i
Second hand device cover i
Territorial limits restriction i No Territiorial Limits Mentioned
Maximum age of phones i 60 Months
Maximum age of gadgets eligible for cover i 60 Months
Smartphones i
Smart watches i
Game Consoles i
Headphones i
Cameras i
E-readers i
Sat-Navs i
MP3 Players i
MacBooks Or Laptops

Home Emergency Cover

HSBC

Home Emergency

5 stars
Water Supply Pipe Cover i
Boiler Breakdown Cover i
Home Security Cover i
Lost keys Cover i Covered under the home emergency policy
Cover Type i Add-On
Home Emergency Cover limit i £1,000.00
Minimum Excess i £0.00
Internal plumbing and drainage i
External Drainage i
Burst or damaged pipes i
Toilet unit i
Root damage cover i
Primary Heating System i
Temporary Emergency Heating i
Internal gas supply pipe cover i
Boiler Age Exclsuions i No Exclusion
Annual boiler service i
Age of boiler to qualify for a beyond economic repair contribution i No Exclusion
Contribution towards the cost of a new boiler if yours is beyond economic repair and is 5 years old or less. i £500.00
Contribution towards the cost of a new boiler if yours is beyond economic repair and is 6 years old or less. i £500.00
Contribution towards the cost of a new boiler if yours is beyond economic repair and is 7 years old or less. i £500.00
Domestic Power supply covered? i
Roof damage i Covered under the home emergency policy
Pest infestation cover i
Underwriter i Aviva Insurance Limited
Maximum Excess i £0.00
Alternative Accommodation Cover i £1,000.00
24/7 Claims Helpline i
Unoccupied period i 90

HSBC

Select And Cover Home Emergency

5 stars
Water Supply Pipe Cover i
Boiler Breakdown Cover i
Home Security Cover i
Lost keys Cover i Covered under the home emergency policy
Cover Type i Add-On
Home Emergency Cover limit i £1,000.00
Minimum Excess i £0.00
Internal plumbing and drainage i
External Drainage i
Burst or damaged pipes i
Toilet unit i
Root damage cover i
Primary Heating System i
Temporary Emergency Heating i
Internal gas supply pipe cover i
Boiler Age Exclsuions i No Exclusion
Annual boiler service i
Age of boiler to qualify for a beyond economic repair contribution i No Exclusion
Contribution towards the cost of a new boiler if yours is beyond economic repair and is 5 years old or less. i £500.00
Contribution towards the cost of a new boiler if yours is beyond economic repair and is 6 years old or less. i £500.00
Contribution towards the cost of a new boiler if yours is beyond economic repair and is 7 years old or less. i £500.00
Domestic Power supply covered? i
Roof damage i Covered under the home emergency policy
Pest infestation cover i
Underwriter i Aviva Insurance Limited
Maximum Excess i £0.00
Alternative Accommodation Cover i £1,000.00
24/7 Claims Helpline i
Unoccupied period i 90

Home insurance (building and contents)

HSBC

Home Insurance

2 stars
Alternative accommodation cover limit for buildings i £80,000.00
Matching sets (contents) i
Theft from outbuildings cover limit i £3,000.00
Escape of water excess i £50.00
Standard accidental damage - underground services
Alternative accommodation cover limit for contents i £10,000.00
Cycles included whilst in the home i
Cover for keys if lost or stolen (contents) i £1,000.00
Keys/locks if lost or stolen (Buildings) i £1,000.00
Money in the home i £750.00
Replace belongings new for old i
Trace and access i £5,000.00
Matching sets (Buildings) i
Escape of water (plus compulsory excess) i £50.00
Compulsory excess (contents) i £200.00
Additional flood excess i £0.00
Standard excess for subsidence claims £1,000.00
Liability as a tenant i £15,000.00
Liability to domestic employees i £10,000,000.00
Property owner liability i £2,000,000.00
Buildings cover limit i Unlimited
Contents cover limit i £50,000.00
Underwriter Aviva
24hr helpline i
Unoccupied period i 60
Protection against inflation i
Repairs guarantee i
Amendment fee (telephone) i
Cancellation fee after 14 days i £0.00
Protected no claims discount option
24-hour claims helpline
Cancellation fee before 14 days £0.00
Accidental damage - glass and sanitary wear
Damage caused by freezing pipes
Damage from Emergency Services
Cover to break in and clear sewage pipe
Garden protection £2,500.00
Blocked drains i
Accidental damage cover
Domestic heating fuel and metered water i
Music, film or electronic data downloads
Documents Sum insured
Visitor's possessions £1,000.00
Out in open cover
Frozen Food Cover £1,000.00
Temporary freezer storage
Theft or attempted theft i
Dual contents i
Escape of water or oil from appliances i
Escape of water or oil from heating systems i Sum Insured
Credit cards i £300.00
Storage fees (alternative accommodation) i
Garden plants i
Business equipment £5,000.00
Household removals
Student's belongings i
Shopping in transit i £0.00
Cover Away from Home offered for: Electronics Optional
Cover away from home offered for: money Optional
Cover away from home offered for: jewellery Optional
Cover away from home offered for: bicycles & other Optional
Special events (weddings and civil ceremonies) - limit Not Offered
Special events (weddings and civil ceremonies) - days 60 days
Special events (births) - limit Not Offered
Special events (births) - days Not Offered
Special events (anniversaries and birthdays) - limit Not Offered
Special events (anniversaries and birthdays) - days Not Offered
Special events (religious events) - limit Unlimited
Special events (religious events) - days 60 days
Cover for home emergency i
Cover for legal protection/expenses i
Cover for items away from home? i
Personal possessions cover whilst living in a nursing home or residential care setting i £0.00
Medical equipment loan i £0.00
Theft from bogus officials i
Storm and flood i
Fire, smoke, explosion, lightning, or earthquake i
Malicious damage i
Civil riot or commotion i
Collisions (Including animals, trees, satellites, and moving vehicles) i
Snow depth (cm) i 30 cm in 24 hours
Rainfall (mm) i 25 mm per hour
Windspeed (mph) i 55 mph

Buildings insurance

HSBC

Home Insurance

2 stars
Trace and access i £5,000.00
Keys/locks if lost or stolen (buildings) i £1,000.00
Matching sets (Buildings) i
Alternative accommodation cover limit for buildings i £80,000.00
Blocked drains i
Fire, smoke, explosion, lightning, or earthquake i
Cover for collision and falling objects (including trees, animals, satellite, vehicle) i
Civil riot or commotion i
Cover for malicious damage
Theft of attempted theft Sum Insured
Cover for storm and flood
Snow depth (cm) i 30 cm in 24 hours
Rainfall (mm) i 25 mm per hour
Windspeed (mph) i 55 mph
Escape of water (plus compulsory excess) i £50.00
Buildings compulsory excess i £200.00
Escape of water excess i £50.00
Flood excess i £200.00
Unoccupied period i 60
24hr helpline i
Repairs guarentee i
Cancellation fee after 14 days i £0.00
Amendment fee i £0.00
Property owner liability i £2,000,000.00

Contents insurance

HSBC

Home Insurance

3 stars
Matching sets (contents) i
Cover for keys if lost or stolen (contents) i £1,000.00
Theft from outbuildings cover limit i £3,000.00
Credit cards i £300.00
Amendment fee i £0.00
Cycles included whilst in the home i
Replace belongings new for old i
Fire, smoke, explosion, lightning, or earthquake i
Malicious damage i
Civil riot or commotion i
Collisions (including animals, trees, satellites, and moving vehicles) i
Escape of water or oil from heating systems covered? i
Escape water or oil from appliances i
Storm and flood i
Snow depth (cm) i 30 cm in 24 hours
Rainfall (mm) i 25 mm per hour
Windspeed (mph) i 55 mph
Contents cover limit i £50,000.00
Music, film, or electronic downloads i
Documents i Sum insured
Frozen Food Cover i £1,000.00
Business equipment i 5,000.00
Tenants improvements i
Items covered whilst you are living in a nursing home, residential care?
Medical equipment loan?
Cover for employee's contents i
Household removals
Student's belongings
Shopping in transit 0
Visitor's possessions i £1,000.00
Temporary freezer storage
Money in the home i £750.00
Theft from bogus officials
Garden plants
Garden protection 2,500.00
Out in open cover
Alternative accommodation cover limit for contents i £10,000.00
Storage fees (alternative accommodation) i
Cover for pets? i
Compulsory excess (contents) i £200.00
Liability to domestic employees i £10,000,000.00
Liability as a tenant i £15,000.00
Property owner liability i £2,000,000.00
Personal assault (death benefit) i
Cancellation fee before 14 days £0.00
24-hour claims helpline
Jury service
24hr helpline i
Protection against inflation i
Underwriter Aviva
Unoccupied period i 60
Protected no claims discount option
Repairs guarantee
Cancellation fee after 14 days i £0.00
Wedding and civil ceremonies - limits/days Cover Limit: Not Offered /Days limit: 60
Births - limit/days Cover Limit: Not Offered /Days limit: Not Offered
Anniversaries - Limits/days Cover Limit: Not Offered /Days limit: Not Offered
Religious events -Limits/days Cover Limit: Unlimited/Days limit: 60
Dual contents i
Cover away from home offered for:electronics
Cover away from home offered for: money Optional
Cover away from home offered for: jewellery Optional
Cover away from home offered for: bicycles & other Optional

Investing and pensions

Fund and Share Accounts (for high frequency trading)

HSBC

InvestDirect Plus

3 stars
Account closure fee £0.00
Charge for transferring investments to another platform i £15 per holding
Charge for automatic reinvestment
Charge for transferring cash to another platform £0.00
Early Account Closure Fee (12 months or less) £0.00
Inactivity Charge £0.00
Charge for selling holdings if not enough money in account to pay other charges £0.00
Same Day Payment Charge £0.00
Cost of receiving paper statements for a year £0.00
App available i
Charge for telephone/postal share dealing £29.95

HSBC

InvestDirect

2 stars
Account closure fee £0.00
Charge for transferring investments to another platform i £15 per holding
Charge for automatic reinvestment
Charge for transferring cash to another platform £0.00
Early Account Closure Fee (12 months or less) £0.00
Inactivity Charge £0.00
Charge for selling holdings if not enough money in account to pay other charges £0.00
Same Day Payment Charge £0.00
Cost of receiving paper statements for a year £0.00
App available i
Charge for telephone/postal share dealing £29.95

Fund and Share Accounts (for low frequency trading)

HSBC

InvestDirect

3 stars
Account closure fee £0.00
Charge for transferring investments to another platform i £15 per holding
Charge for automatic reinvestment
Charge for telephone/postal share dealing £29.95
App available i
Charge for transferring cash to another platform £0.00
Early Account Closure Fee (12 months or less) £0.00
Inactivity Charge £0.00
Charge for selling holdings if not enough money in account to pay other charges £0.00
Same Day Payment Charge £0.00
Cost of receiving paper statements for a year £0.00

HSBC

InvestDirect Plus

3 stars
Account closure fee £0.00
Charge for transferring investments to another platform i £15 per holding
Charge for automatic reinvestment
Charge for telephone/postal share dealing £29.95
App available i
Charge for transferring cash to another platform £0.00
Early Account Closure Fee (12 months or less) £0.00
Inactivity Charge £0.00
Charge for selling holdings if not enough money in account to pay other charges £0.00
Same Day Payment Charge £0.00
Cost of receiving paper statements for a year £0.00

Ready-made General Investment Accounts

HSBC

HSBC Regular portfolio

5 stars
Cost (Year 1) i £248.00
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Does the provider have a mobile app?
Charge for selling holdings if not enough money in account for charges £0.00
Completing paper applications
Cash withdrawal by BACs £0.00
Same day payment/payment by CHAPs £20.00
Early account closure fee £0.00
Cost of receiving paper statements for a year £0.00
Charge for transferring cash to another platform i £0.00

Ready-made Stocks and Shares ISAs

HSBC

HSBC Regular portfolio

5 stars
Cost (Year 1) i £248.00
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Charge for selling holdings if not enough money in account for charges £0.00
Completing paper applications
Cash withdrawal by BACs £0.00
Same day payment/payment by CHAPs £20.00
Early account closure fee £0.00
Cost of receiving paper statements for a year £0.00
Charge for transferring cash to another platform i £0.00
Is there a mobile app?

Stocks and Shares ISAs (self-invested)

HSBC

InvestDirect ISA

3 stars
Account closure fee £0.00
Charge for transferring investments to another platform i £15 per holding
Charge for automatic reinvestment
Charge for telephone/postal share dealing £29.95
Charge for transferring cash to another platform £0.00
Inactivity Charge £0.00
Charge for selling holdings if not enough money in account to pay other charges £0.00
Repairing or voiding an ISA, when required under HMRC rules May deduct any accrued charges and any additional expenses incurred terminating the account
Same Day Payment Charge
Cost of receiving paper statements for a year £0.00

HSBC

InvestDirect ISA Plus

3 stars
Account closure fee £0.00
Charge for transferring investments to another platform i £15 per holding
Charge for automatic reinvestment
Charge for telephone/postal share dealing £29.95
Charge for transferring cash to another platform £0.00
Inactivity Charge £0.00
Charge for selling holdings if not enough money in account to pay other charges £0.00
Repairing or voiding an ISA, when required under HMRC rules May deduct any accrued charges and any additional expenses incurred terminating the account
Same Day Payment Charge
Cost of receiving paper statements for a year £0.00

Personal loans

HSBC

Personal Loan

Representative APR (on £5,000 loan, 36 month term) 7.9%
Unpaid Repayment Fee i £0.00
Early settlement fee (Days interest) 28 days
Available to new customers? i
Eligibility checker
Minimum borrowing amount £1,000.00
Maximum borrowing amount £25,000.00
Minimum borrowing length 12 months
Maximum borrowing amount 60 months

HSBC

Premier Personal Loan

Representative APR (on £5,000 loan, 36 month term) 7.9%
Unpaid Repayment Fee i £0.00
Early settlement fee (Days interest) 28 days
Available to new customers? i
Eligibility checker
Minimum borrowing amount £1,000.00
Maximum borrowing amount £50,000.00
Minimum borrowing length 12 months
Maximum borrowing amount 60 months

Savings Accounts

1 Year Fixed Rate Accounts

HSBC

Fixed Rate Savings

Interest Rate (AER) i 3.5%
Minimum Opening Balance i £2,000.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a linked or nominated account unless you instruct them otherwise.
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 7
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have a HSBC current or savings account (ISAs, Regular Savers and Basic Bank Accounts don't count)
Can you make early withdrawals? i
Withdrawal Penalty (days) i If balance is over £50,000 no earlier access, if balance is under £50,000 earlier access costs 90 days interest

2 Year Fixed Rate Accounts

HSBC

Fixed Rate Savings

Interest Rate (AER) i 3.75%
Minimum Opening Balance i £2,000.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a linked or nominated account unless you instruct them otherwise.
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 7
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have a HSBC current or savings account (ISAs, Regular Savers and Basic Bank Accounts don't count)
Can you make early withdrawals? i
Withdrawal Penalty (days) i If balance is over £50,000 no earlier access, if balance is under £50,000 earlier access costs 90 days interest

Easy Access Accounts

HSBC

Online Bonus Saver

Interest Rate (AER) i 3%
Maximum Balance i Unlimited
Part of FSCS i
Withdrawal Penalty i A lower rate of 0.65% will be paid in months where there is a withdrawal.
Additional Information i
Minimum Opening Balance i £1.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have a HSBC current or savings account
Penalty free withdrawals? i

HSBC

Flexible Saver

Interest Rate (AER) i 1.2%
Maximum Balance i Unlimited
Part of FSCS i
Withdrawal Penalty i
Additional Information i
Minimum Opening Balance i £1.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i

HSBC

HSBC Premier Account

Interest Rate (AER) i 0.65%
Maximum Balance i Unlimited
Part of FSCS i
Withdrawal Penalty i
Additional Information i
Minimum Opening Balance i £1.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i

Regular Savers

HSBC

Regular Saver

Interest Rate (AER) i 5%
Additional Information i
Maximum Balance i £3,000.00
Withdrawal Penalty i Earlier access on closure only subject to Flexible Saver rate paid.
Minimum Monthly Investment i £25.00
Maximum Monthly Investment i £250.00
Penalty free withdrawals? i
Minimum Opening Balance i £25.00
Minimum Age to Open Account i 18
Sharia Account i
Part of FSCS i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Customer must have or open one of the following: HSBC Premier, HSBC Advance, Bank Account, Bank Account Pay Monthly, HSBC Student Bank Account or Graduate Bank Account customers holding a Current Account.
Notice Period i
Fixed Term Length i 12 Month Bond
Additional Information i

Savings Accounts (ISAs)

Easy Access ISAs

HSBC

Loyalty Cash ISA

Interest Rate (AER) i 2.1%
Part of FSCS i
Withdrawal Penalty i
Minimum Opening Balance i £1.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?

HSBC

HSBC Loyalty Cash ISA Premier

Interest Rate (AER) i 2.5%
Part of FSCS i
Withdrawal Penalty i
Minimum Opening Balance i £1.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?