NEW: Got questions about energy? Put them to Gary and Andrew from MSE's Utilities team during our energy-themed 'Ask An Expert' event. Check back here from Tuesday 9 August, 12pm

Why has HSBC's Regular 8% Saver only paid 3ish%?

Hi all.

Last year, I set up a regular account with HSBC, the account where you get paid 8% interest for amounts you lock away. The maximum amount you can invest is £250 per month, and so £3000 p/a. I invested the maximum amount every month, so £3000 for the year.

The funds matured a few days ago, but instead of expecting £240 in interest (8%), I received £103. Setting it up was very easy as I remember and so I'm really unsure why I have not received the interest I was otherwise expecting.

Does anyone know why this is or have HSBC shafted me on this one?


This discussion has been closed.
Latest MSE News and Guides

Homes, hornets & high heels

This week's MSE Forum highlights

MSE Forum

Kids eat for 'free' or £1 this summer

Little ones can enjoy hot meals for less

MSE Deals