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Santander or HSBC?

ZAINAB_KHAN
Posts: 9 Forumite


I'm already with Lloyds, don't trust Natwest or Metro and already had Barclays in the past.
Which is the best for a savings account, Santander or HSBS?
Which is the best for a savings account, Santander or HSBS?
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Is this just like for savings?
If so, answer is neither, interest rates offered by the high Street banks are atrocious.
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..I tried HSBC once but their on line system was really !!!!!! so I gave up and stayed with Santander as in general their online stuff is really easy to use...
.."It's everybody's fault but mine...."1 -
Santander pay 2.5% on their regular saver, but First Direct pay 3.5% if your opening a new account.1
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https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/
https://www.moneysavingexpert.com/savings/best-regular-savings-accounts/
https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/#interest
The only one that's even remotely competitive is the Santander Regular saver, for better options see the links above.
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Both are FSCS protected, so whichever has the highest/best interest rate for your circumstances.
However (and as others have said), better rates are available with other banks!"If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)1 -
ZAINAB_KHAN said:Which is the best for a savings account, Santander or HSBS?Neither. Santander Lite for the cashback but if I hadn't already had the account I wouldn't bother. The RS is OK. Never been tempted by HSBC, the RS was OK but a high bar to entry and I cbaOutside the Regular Savers they are both very poor for savings. Cast your net a lot wider
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