Telephone us on 08 456 100 100
Section: Savings.
Apply for a Fixed Rate Savings (opens overlay window)
If you have a lump sum you'd like to save for a large purchase - a house deposit perhaps, or a maybe a dream wedding - wouldn't it be great to sit back and relax, knowing what rate your savings are earning in advance? Well, our Fixed Rate Savings offers rates of between 1.55% AER/gross and 1.75% AER/gross on lump sum balances of between £2,000 and £1 million over a fixed term, (see below for details). We'll pay your interest in full at the end of the fixed term. Rate available until 3 June 2013. Deposit matures on 3 June 2014.
If you have a lump sum of at least £2,000 to save and you're prepared to save it with us for a fixed term, you might be interested in our Fixed Rate Savings. This information will give you a better idea of what's involved - though please make sure you read the Interest Rates and Charges and Terms and Conditions PDF download (opens in new window) before you apply.
Our downloads are in a PDF format. To read them you'll need to have Adobe Reader 4.0™ or above. It's free and you can get Adobe Reader here (opens in new window).
| Summary box and Key Product Information | ||||
|---|---|---|---|---|
| Product Name |
Fixed Rate Savings Bond. |
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| Interest rates |
Interest is paid at maturity, or when you withdraw all your money if earlier. This is a tranched product, meaning a new bond will be released monthly. Interest rates may vary between issues. see our interest rates and charges information for full details To participate in a particular issue we must receive your application before the issue's start date. Maturity dates are specific to each issue. |
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| Tax status |
Interest is paid after the deduction of basic rate income tax unless you are eligible to receive gross interest and where necessary have provided us with the correct documentation. If you are a higher rate tax payer you may have to pay additional tax to HM Revenue and Customs. |
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| Conditions for bonus payment |
No bonus payments on the Fixed Rate Savings Bond. |
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| Withdrawal Arrangements |
Your money is deposited for a fixed term. There is no cancellation period. Partial withdrawals are not permitted. Withdrawals in full before the end of the term are permitted but we will charge you a fee of £100 and your products will be closed. Depending on when the withdrawal is made, you may get back less than originally invested. |
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| Access |
Fixed Rate Savings can be applied for via Internet Banking or by telephone. You must hold a first direct 1st Account which you must maintain for the fixed term. Once open you can view your Fixed Rate Savings via Internet Banking and manage by telephone. |
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| How much can I save? | |
| How to manage my Fixed Rate Savings | |
| How to apply | |
| What else should I know? |
AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year.
Gross is the interest rate before the deduction of tax applicable to interest on savings accounts.
Apply for a Fixed Rate Savings (opens overlay window)
Log on to apply and some hidden for Assist Tech
Once you've logged on to Internet Banking, just select 'Apply', and choose 'Fixed Rate Savings' from the left hand menu.
If you haven't yet registered for Internet Banking, simply click on the link below and enter your support and access ID details. If you haven't received your support and access IDs, please call us on 08 456 100 100.
Register for Internet Banking and some hidden for Assist Tech
To open a Fixed Rate Savings you will also need to open a first direct 1st Account, our current account.
Learn more about the 1st Account
You can also talk to us anytime on:
telephone 0800 24 24 24
Online applications can only be made in your sole name and if your address is in the UK. If you would like to apply for a joint Fixed Rate Savings, please call us on 08 456 100 100. If applying for a Fixed Rate Savings from outside the UK call +44 113 234 5678.
Your eligible deposits with HSBC Bank plc are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. This limit is applied to the total of any deposits you have with HSBC Bank plc and first direct.
Any total deposits you hold above the £85,000 limit between HSBC and first direct are not covered.
Our downloads are in a PDF format. To read them you'll need to have Adobe Reader 4.0™ or above. It's free and you can get Adobe Reader here (opens in new window).
first direct is a division of HSBC Bank plc. © HSBC Bank plc 2012. All Rights Reserved. Member HSBC 
Group.
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