Interest Rates

Interest rates tool

Compare our range of savings accounts for expats. Filter and sort to see interest rates in your chosen currency. Other currencies may be available - view all the currencies we offer.

Potentially higher rates may be available for amounts over £1,000,000 (or currency equivalent), please call for confirmation of the rate you would get.

*As of 12 May 2014, our HSBC Advance accounts are no longer available to new customers

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How interest is calculated and paid

  • Rates last updated on
  • The above rates are quoted for indication purposes only and are subject to variation. Please call for confirmation of the rate you would get on a specific amount, including potentially higher rates for amounts over £1,000,000 (or currency equivalent) as follows:
  • Existing HSBC Premier customers of HSBC Expat, call: +44 1534 616 313
  • Existing HSBC Advance customers of HSBC Expat, call: +44 1534 616 212
  • Non customers of HSBC Expat, call +44 1534 616 055
  • AER (Annual Equivalent Rate) is a notional rate, which illustrates what the credit interest rate would be if interest were paid and compounded each year. Gross interest rate is the rate before the deduction of tax.
  • No tax is deducted from the interest we pay. However, to help fight against tax evasion and protect the integrity of tax systems, governments around the world are introducing reporting and information-gathering requirements for financial institutions. Find out more
  • Rates are set according to the type of account and the amount deposited, and are updated daily.
  • Interest on sterling accounts is calculated on a 365 day basis. Interest on most other currency accounts (including US dollars and euro) is calculated on a 360 day basis.
  • Rates on our Fixed Rate Saver and Fixed Deposit accounts are subject to change up to and until the account is opened. Interest on these accounts is paid on maturity for terms of one year or less, and annually for terms of greater than one year.
  • Interest on the Bank Account and Saver Account is paid monthly.
  • Standard interest on the Quarterly Bonus Saver is calculated daily and paid monthly on the first working day of the next calendar month. Where the first day of the month is not a working day then the interest amount will include any interest accrued up to (but not including) the first working day of the month.
  • Bonus interest on the Quarterly Bonus Saver is paid where you have made no withdrawals from your account in a 'Qualifying Three Month Period'. Bonus interest will accrue daily based on the daily closing balance of your account.
  • Interest on the Online Bonus Saver Account is paid monthly and interest is paid with bonus for every calendar month in which you don't make a withdrawal. Standard interest is paid regardless of withdrawals.
  • Interest on the Online Saver Account is paid monthly. No interest is payable in any calendar month a withdrawal is made.
  • Interest on 30 and 90 Day Notice Accounts is paid half-yearly in April and October.
  • If funds are paid into an account after midday they will be processed the next working day at the prevailing rate.
  • Interest rates shown for accounts which have been withdrawn from sale are for information purposes only.

HSBC Expat is a participant in the Jersey Bank Depositor Compensation Scheme. The Scheme offers protection for eligible deposits of up to £50,000. The maximum total amount of compensation is capped at £100,000,000 in any 5 year period. Full details of the scheme and banking groups covered are available on the states of Jersey website or on request. Deposits and investments made with our office in Jersey are not protected by the rules made under the UK's Financial Services and Markets Act 2000, including the Financial Services Compensation Scheme, and the UK's Financial Ombudsman Service.