Compare Savings Accounts

Fixed rate products

	Regular Saver Account	Fixed Rate Savings
How this account works and what you could use it for.	Regular Saver Account This account rewards you for not touching your money. ideal for when you don’t need immediate access helpful if you want to get into good savings habits.	Fixed Rate Savings Lock away a fixed amount for up to 13 months. ideal for when you’re saving a one-off lump sum and don’t need immediate access means you're not tempted to dip into it.
The interest rate(s).	Regular Saver Account7.00% AER/gross, fixed for 12 months.	Fixed Rate Savings 3.80% AER/gross on balances between £2,000 and £1 million. Current rates available from 08 August 2025 to 28 August 2025. Rate can be withdrawn at any time.
How much could I earn?	Regular Saver AccountIf you put in £250 a month you could receive £3,116.22 including interest after 12 months.¹	Fixed Rate SavingsIf you put in £3,000 you could receive £3,114.00 including interest after 12 months.⁴
How often do I get paid interest?	Regular Saver AccountInterest is calculated daily and paid on the 12 month anniversary of account opening.	Fixed Rate SavingsInitial deposit plus interest is paid at the end of the fixed term.
Do I get instant access to my money?	Regular Saver AccountNo access for 12 months unless you close the account.	Fixed Rate SavingsNo partial withdrawals are permitted. Early withdrawal fee applies.
How much could I save?	Regular Saver AccountBetween £25 and £300 a month.	Fixed Rate SavingsBetween £2,000 and £1 million
How do I apply?	Regular Saver AccountFind out more about our Regular Saver Account	Fixed Rate SavingsFind out more about our Fixed Rate Savings Account

Instant access

	Savings Account	Bonus Savings Account	Cash ISA
How this account works and what you could use it for.	Savings Account An account for everyday savers. put away what you have, when you have it, without limits or restrictions save for something big like a holiday or just your next big night out.	Bonus Savings Account Dipping into savings can be tempting, so every month you don’t you get a bonus. ideal for when you're saving for a rainy day helpful if you want to get into good savings habits.	Cash ISA Saving feels good. Doing it tax free feels even better. make the most of your tax free⁵ allowance a tax efficient option for savings up to £20,000 in the current tax year.
The interest rate(s).	Savings Account1.30% AER (1.29% gross) variable.	Bonus Savings Account 3.75% AER (3.69% gross) variable on balances up to £50,000 each calendar month if you don’t make a withdrawal. 1.30% AER (1.29% gross) variable on balances over £50,000 each calendar month if you don’t make a withdrawal. 1.30% AER (1.29% gross) on the whole balance for any calendar month you make a withdrawal	Cash ISA2.35% AER (2.33% tax free⁵) variable, on balances of £1 and over.
How much could I earn?	Savings Account If you put in £3,000 you could receive £3,039 including interest after 12 months.²	Bonus Savings AccountIf you put in £3,000 you could receive £3,112.50 including bonus and interest after 12 months.³	Cash ISAIf you put in £3,000 you could receive £3,070.50 including interest after 12 months.⁵
How often do I get paid interest?	Savings AccountInterest is calculated daily and credited monthly.	Bonus Savings AccountInterest is calculated daily and credited monthly.	Cash ISAInterest is variable, calculated daily and credited monthly.
Do I get instant access to my money?	Savings AccountYes	Bonus Savings AccountYes, but you'll receive the standard rate on months you make a withdrawal.	Cash ISAYes, by transfer to another first direct account. ⁵
How much could I save?	Savings Account£1+	Bonus Savings Account£1+	Cash ISABetween £1 and £20,000 in the current tax year.
How do I apply?	Savings AccountFind out more about our Savings Account	Bonus Savings AccountFind out more about our Bonus Savings Accounts	Cash ISAFind out more about our Cash ISA

Cash ISA Opens an overlay [Will show a security message first]

	Cash ISA
How this account works and what you could use it for.	Cash ISA Saving feels good. Doing it tax free feels even better. make the most of your tax free⁵ allowance a tax efficient option for savings up to £20,000 in the current tax year.
The interest rate(s).	Cash ISA2.35% AER (2.33% tax free⁵) variable, on balances of £1 and over.
How much could I earn?	Cash ISAIf you put in £3,000 you could receive £3,070.50 including interest after 12 months.⁵
How often do I get paid interest?	Cash ISAInterest is variable, calculated daily and credited monthly.
Do I get instant access to my money?	Cash ISAYes, by transfer to another first direct account. ⁵
How much could I save?	Cash ISABetween £1 and £20,000 in the current tax year.
How do I apply?	Cash ISAFind out more about our Cash ISA

Useful information

1. Regular Saver Account

For the purpose of this calculation it is assumed monthly deposits of £250, no withdrawals and the interest rate remains the same during the 12 months.

Monthly deposits made on the 1st of each month.

Save £25 to £300 every month with our 12-month fixed rate account. Interest is calculated daily and paid after 12 months and the rate is fixed . You won’t be able to make partial withdrawals at any time during the 12 months. You can choose to close your account early, but if you do we’ll only pay you interest at our standard Savings Account variable rate. Interest is calculated daily and paid on the 12-month anniversary of account opening.

2. Savings Account

For the purpose of this calculation it is assumed an initial deposit of £3,000 and then no additional deposits, no withdrawals and the interest rate remains the same during the 12 months. Interest is calculated daily and credited monthly.

3. Bonus Savings Account

For the purpose of this calculation it is assumed an initial deposit of £3,000, no additional deposits, the interest rate remains the same during the 12 months, and that no withdrawals are made in any of the 12 months.

You can get instant access to your funds without charge if you need to, though bonus interest won't apply during the calendar month of withdrawal. Interest is calculated daily and credited monthly.

4. Fixed Rate Savings

For the purpose of this calculation it is assumed an initial deposit of £3,000, no additional deposits or withdrawals, the interest rate remains the same for the duration of the term and all deposits are fixed for between 12-13 months (depending when the account is opened).

No partial withdrawals are permitted. You can close your account before the end of the fixed term for a fee of the lower of the interest earned on your account, and a maximum of 90 days’ interest. This means that if you close your Fixed Rate Savings Account before day 90 you could end up with no interest paid.

5. Cash ISA

For the purpose of this calculation it is assumed an initial deposit of £3,000, no additional deposits, no withdrawals and the interest rate remains the same during the 12 months.

Tax-free means free from UK Income Tax and Capital Gains Tax.

Our ISA isn’t a flexible cash ISA, so any amount withdrawn will not change how much of your annual ISA subscription limit you have already used. If you have fully subscribed, you will need to wait until the next tax year to subscribe further funds.

Interest is calculated daily and credited monthly. The value of any tax benefits depends on your individual circumstances. Tax rules may change in the future. Please read our FAQs for changes to the 2024/25 and 2025/26 tax years.

If you withdraw funds from your ISA, you’ll lose the future benefits of continuing to hold the amount withdrawn in an ISA.

The overall ISA subscription limit is £20,000 for the current tax year, within this the Lifetime ISA has it's own annual payment limit (currently £4000).

You can only subscribe to one type of cash ISA and one type of stocks and shares ISA across HSBC UK and first direct.

AER stands for Annual Equivalent Rate. This shows you what the rate would be if interest were paid and compounded each year.

Gross is the rate of interest paid before any tax (where applicable) has been deducted.

Tax-free means free from UK Income Tax and Capital Gains Tax.

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