HSBC raises rate on savings account from 1% to 5%

HSBC to increase interest rate on savings account to 5%

HSBC has announced another interest rate increase on one of its savings account products.

Interest rate on HSBC savings account to jump from 1% to 5%

A big boost for savers

HSBC raises rate on savings account from 1% to 5%

Savers will see the rate on a fixed-rate account jump from 1% to 5% from December, HSBC UK has announced.