HSBC 8% interest savings account

mekondelta

Fair enough if you have to pay in your salary, but can you then set up a standing order to transfer the balance back to your primary bank account with another bank every month?

grumbler

mekondelta wrote:

Fair enough if you have to pay in your salary, but can you then set up a standing order to transfer the balance back to your primary bank account with another bank every month?

You can do this. The only question is whether swithching your salary to HSBC is worth trifting £16 that you can get extra if compared with Halifax.

'Regularly Beat the Best Savings Accounts' article.

Of course, if you already have Regular Saver with Halifax and want to save extra £250 per month, HSBC is worth considering.

Dagobert

cheerfulcat wrote:

If you don't already have an HSBC current account and you open one you must pay in your salary or pension.

I was accepted for the HSBC current account claiming that I receive a foreign pension - no proof was required.

misskool

ED wrote:

Warning - HSBC staff in my family's experience make mistakes setting up Internal Standing Order to feed Regular Saver account from HSBC current a/c.
HSBC could learn much from Halifax about facilitating online data availability to the customer. HSBC's online banking doesn't even enable the customer to see what date an ISO is set to transfer, let alone be able to change it online.

HSBC online banking DOES allow you to do it. Click on your current account then 'standing orders and direct debits'. When you see the whole list of S/O and D/D, select one then click on more details. All the details will then be listed and then you can amend or cancel the S/O or D/D.

Please don't knock a bank's website before you have tried looking for it.

Ganyam

Ive had an HSBC account since i was a kid earninig very poor interest on whats in it.. But i think its a good idea for anyone thats got a current account with the HSBC and the spare money to open this 8% account. I did last week, its about time i got something out of them.. As alot of you have said it doesn't sound so good if your banking with someone else..