We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a very Happy New Year. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
HSBC current account customer? You can now get 3% ‘easy-access’ on your savings
Comments
-
I see it now pays 4% but why didn't they inform me?
In fact, if I look at my account it still shows the standard rate of 1.35% with no mention of the upped bonus rate!0 -
It was promoted first week in June, but after the 1st.Joe9090 said:I see it now pays 4% but why didn't they inform me?
In fact, if I look at my account it still shows the standard rate of 1.35% with no mention of the upped bonus rate!
Went up on 8 June 2023. Many had emptied there's on the 1st June, so were not impresssed.
Have you made a withdrawal in June?0 -
Yes, I took everything out on 2nd June but I only found out over the weekend via Moneyfacts that the rate had gone up.0
-
Yeah, so your rate for June will be 1.35%, reverting to 4% on 1 July.2
-
Thanks for that info.
From this forum I knew about the strange interest details and that is why I took the lot out at the start of the month to get higher easy interest with other accounts.
I looked on the forum but could not find any discussion about the new rate. Did I miss it?0 -
Yes
yes you did!
1 -
Here is the post, but it was on 2nd June so it came too late for many.Joe9090 said:Thanks for that info.
From this forum I knew about the strange interest details and that is why I took the lot out at the start of the month to get higher easy interest with other accounts.
I looked on the forum but could not find any discussion about the new rate. Did I miss it?
https://forums.moneysavingexpert.com/discussion/comment/80087617#Comment_80087617
I believe that HSBC only announced it on 2nd June, so after many withdrew all of their funds on 1st June.
2 -
SneakyRG2015 said:Joe9090 said:Thanks for that info.
From this forum I knew about the strange interest details and that is why I took the lot out at the start of the month to get higher easy interest with other accounts.
I looked on the forum but could not find any discussion about the new rate. Did I miss it?
I believe that HSBC only announced it on 2nd June, so after many withdrew all of their funds on 1st June.
0 -
I have now found the HSBC announcement https://www.about.hsbc.co.uk/news-and-media/hsbc-uk-confirms-savings-rate-increases which I suppose negates their need to tell current account holders individually.0
-
The big high street Banks don’t contact their customers as a rule to inform of rate increases, do they?
Decreases , maybe…
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.8K Spending & Discounts
- 246.1K Work, Benefits & Business
- 602.2K Mortgages, Homes & Bills
- 177.8K Life & Family
- 260K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards