The account can be opened via online banking, telephone banking or in branch, but Britons must already have an HSBC current account to apply.
Conversely, the Fixed Rate Saver allows savers to “put their money to work”, while knowing exactly how much interest it will earn.
Interest rates stand at 0.30 percent for a one year term, and 0.35 percent for a two year term.
Britons must deposit anything from £2,000 to £1million to start the account, but the money is locked away for the whole of the term.
Published at Fri, 19 Jun 2020 14:21:00 +0000