Fixed Term Deposit Account
Put your money away for a fixed amount of time and enjoy the certainty of knowing exactly how much interest you're going to earn.
- Available in 14 major currencies, including sterling, US dollars and euro - Info
- Earn interest rates – fixed for up to 5 years - Info
- Interest rates increase with the size of your deposit
- Interest paid gross of tax†
- Free account opening and no annual fee
- 24 hour phone and internet banking - Info
- International money transfers and bill payments at reduced rates - Info
- Open an account with £5000, $10,000, €10,000 (Other currencies: £10,000 equivalent)
- No interest is payable if the balance falls below the minimum account opening balance
- Withdrawals at any time other than maturity will incur a £250 handling fee plus the cost to HSBC of funding the repayment
Alternatively, if you want to fix your interest rate, you may be interested in our Fixed Rate Saver.
Additional benefits for HSBC Advance customers:
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Higher rates of interest
Additional benefits for HSBC Premier customers:
- Advice and insight from our Premier Relationship Managers
- Our best rates of interest
Apply for a Fixed Term Deposit Account
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FAQ
Interest calculator
View interest rates
IN DETAIL...
How it works
Simply tell us for how long you want to deposit your money. We'll let you know how much interest you'll receive at the end of this term.
Choose a fixed term from one month to one year (or up to five years for sterling deposits). Bear in mind that there's a charge for withdrawing your money early.
At the end of the term, your deposit will be automatically renewed for the same period, unless you tell us otherwise.
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Available in all major currencies
Fixed Term Deposit accounts are available in:
| Australian dollars | Canadian dollars | Danish krone | Euro | Hong Kong dollars |
| Israeli shekels | Japanese yen | New Zealand dollars | Norwegian krone | South African rand |
| Sterling | Swedish krona | Swiss francs | US dollars |
Interest rates
Interest is paid gross of tax†, calculated daily and paid on maturity, or annually for sterling deposits of more than one year. No interest is payable if the balance falls below the minimum account opening balance.
| Standard interest rates | Higher interest rates for HSBC Premier customers |
24 hour internet and phone banking
You can bank from any time zone with 24 hour internet and phone banking.
Register for Internet Banking and you'll be able to:
- View balances and statements for your accounts and HSBC Bank plc credit cards online
- Make free bill payments (to UK beneficiaries)
- Enjoy reduced rates on international money transfers
†All interest is currently paid gross. However, if you are residing in the EU, credit interest may be subject to a retention tax. As an alternative, you can opt to have your account details reported ultimately to your local tax authority.
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