HSBC Online Bonus Saver Features & Benefits
(currently displaying summary information only)| Feature / Benefit | Summary | Details | Rating out of 5 | ||
|---|---|---|---|---|---|
| Application Criteria: | |||||
| Existing Customer Only |  | no | No | ||
| New Money Only | | no | Not applicable. | ||
| Minimum Initial Investment | | £1 | The minimum investment is £1. |  | |
| Minimum Age | | 16 years | The minimum age is 16 years. | ||
| Introductory Rates: | |||||
| Introductory Bonus | | 0% | No introductory bonus payable. | ||
| Fixed or Variable Bonus | | variable | The bonus is variable. | ||
| Rates: | |||||
| Rate Type | | variable | The type of interest rate is variable. | ||
| Headline Interest Rate | | 0.75% | The headline interest rate is 0.75% AER. |  | |
| Rate Tiers | | see details | Gross Rate Gross Rate AER Excluding BonusIncluding Bonus £10.75% 0.75%0.75% £50,0000.50%0.50%0.50% ...expand | ||
| Tax Free | | no | This product is not tax free. | ||
| Interest Payment Frequency | | monthly | Interest is paid monthly. | ||
| Children's Savings: | |||||
| Children's Savings Account | | no | no | ||
| Account Access: | |||||
| Account Type | | Easy Access | Easy Access | ||
| Opened Online | | yes | This account can be opened via the internet | ||
| Online Access | | yes | Transactions can be made via the internet | ||
| Opened at Branch | | no | This account cannot be opened at a branch. | ||
| Branch Access | | no | Transactions cannot be made at a branch. | ||
| Opened by Phone | | yes | Account can be opened by telephone. | ||
| Phone Access | | no | Transactions cannot be made by telephone. | ||
| Opened by Post | | no | Account cannot be opened by post. | ||
| Postal Access | | no | Transactions cannot be made by post. | ||
| Account Management: | |||||
| Instant Access to Savings | | no | This is not an instant access account (internet access only). | ||
| Minimum Balance | | £1 | The minimum balance is £1. | | |
| Minimum Withdrawal | | Unlimited | There is no minimum withdrawal | ||
| Maximum Number of Withdrawals | | 0 withdrawals | No withdrawals are permitted to earn the cited interest rate. |  | |
| Withdrawal Conditions | | yes | Withdrawal Conditions - For every month no withdrawals are made a bonus of up to 0.50% gross is paid. | ||
| Additional Information | | none | There is no additional information | ||
| Available to Trustees | | no | This account cannot be opened on behalf of someone else. | ||
| Fees & Charges: | |||||
| Penalty on All Withdrawals | | yes | There is a penalty on all withdrawals. | ||
Apply for this savings account: | |||||
