HSBC Interest rates/Tariffs June 2006
Personal
Business
Current accounts
Compare with previous interest rates
Products no longer sold
Personal Tariffs
Charges are correct as at 02 September 2005 but are variable.
Current Account Tariffs
* HSBC Premier, Student Service and Graduate Service customers are entitled to commission-free foreign currency and travellers cheques.
These charges also apply to customers receiving Independant Financial Advice from Premier.
HSBC Premier Tariffs
* These tariffs also apply to customers receiving Independent Financial Advice from Premier.
For details of Private Clients tariffs please see HSBC Premier Tariffs.
x Per Month
†Overdraft Notes
1. £25.00 may be charged on each occasion that you:-
- go overdrawn or further overdrawn
- exceed, or further exceed, an agreed overdraft limit.
2. You will not be charged a review fee if you go overdrawn or further overdrawn without an agreed limit or exceed, or further exceed, your overdraft limit by £10 or less.
3. You will not be charged a review fee if you have not exceeded your overdraft limit/gone overdrawn without a limit in the last 6 months.
4. We will not charge review fees for more than the amount by which you have gone overdrawn without prior agreement or exceeded your overdraft limit in any one charging month.
5. You will not be charged a review fee if you have gone overdrawn without an agreed overdraft by no more than £50 for a total period of 14 days in any one month.
6. You will only be charged review fees a maximum of 5 times in any one month.
7. Our interest rates and fees may change from time to time. We reserve the right to change when we will and will not charge fees from time to time.
††Private Client Current Account customers also receive these credit rates.The Private Clients Current Account debit rate is 3% over base, or margin over base rate agreed with your Branch Manager. Please note that this is no longer sold.
* Including Year 2 and above switchers.
** Customers with a Gold Mastercard benefit from borrowing at 2.50% above base rate (EAR 7.2%) on the whole balance for limits up to £2,500. Negotiated rates apply thereafter.
For charging purposes a month is not a calendar month but begins on the date your account opens. For example, if you opened your account on 20 January, your charging period will be from the 20th of each month to the 19th of the following month.
NET: The rate after the deduction of tax applicable to interest, currently 20%. Higher rate tax payers will have an additional liability. NET rates do not apply to Channel Islands and Isle of Man customers.
AER: Annual Equivalent Rate: This is a notional rate which illustrates what the gross rate would be if interest were paid and compounded each year.
GROSS: The rate before the deduction of tax applicable to interest on savings.
APR: Annual Percentage Rate. This is the total cost of credit, including all interest and any other charges.
EAR: Effective Annual Rate. This takes account of the interest rate and how often interest is paid, and does not include any fees or charges.
All rates are quoted per annum, unless otherwise stated, and are variable.
Issued for UK use only | © HSBC Bank plc 2002 - 2006
Personal
- Current accounts
- Savings
- Credit cards
- Loans
- Mortgages
- Affinity cards
Business
- Business accounts
- Savings
- Finance & borrowing
| Rates and Tariffs | |
|---|---|
| HSBC Bank Account | HSBC International Student Service |
| HSBC Bank Account Plus | HSBC Graduate Service |
| HSBC Premier Account | HSBC Right Track into Study/Work Service |
| HSBC Basic Bank Account | HSBC Livecash |
| HSBC Passport Account | |
| HSBC Gap Year Account | HSBC Current Account Tariffs |
| HSBC Student Bank Account | HSBC Premier Account Tariffs |
Current accounts
Compare with previous interest rates
| Bank Account | Effective Date | Rate % | Net % | Gross % | AER % | EAR % |
|---|---|---|---|---|---|---|
| 01.07.99 | 0.08 | 0.10 | 0.10 | ||
| Bank Account Overdrafts | ||||||
| Standard Overdraft Rate | 12.06.06 | 1.24x | Typical 15.9% EAR variable | |||
| Arrangement fee | 1.25% of limit(over £5,000) | |||||
Agreed overdrafts:
| Free | |||||
Overdrafts not agreed in advance:
| £25.00 †1.24x | Typical 15.9% EAR variable |
| Bank Account Plus | Effective Date | Rate % | Net % | Gross % | AER % | EAR % |
|---|---|---|---|---|---|---|
| ||||||
| £50,000+ | 06.06.05 | 1.39 | 1.74 | 1.75 | ||
| £10,000+ | 06.06.05 | 0.80 | 1.00 | 1.00 | ||
| Up to £10,000 | 06.06.05 | 0.08 | 0.10 | 0.10 | ||
| Bank Account Plus Overdrafts | ||||||
| Standard Overdraft Rate | 1.00x | Typical 12.8% EAR variable | ||||
| Arrangement fee | 1.25% of limit(over £5,000) | |||||
Agreed overdrafts:
| Free | |||||
Overdrafts not agreed in advance:
| 12.06.06 | £25.00 †1.24x | Typical 15.9% EAR variable | |||
| Monthly subscription | Special offer – the monthly subscription is reduced from £12.95 per month to £9.95 per month for the first six months when customers open Bank Account Plus before 31 July 2006. Plus has a minimum 12 month initial term then is renewable monthly. You will be given full terms and conditions when you apply. | |||||
| HSBC Premier Account ††| Effective Date | Rate % | Net % | Gross % | AER % | EAR % |
|---|---|---|---|---|---|---|
| ||||||
| £100,000+ | 02.09.05 | 1.59 | 1.98 | 2.00 | ||
| £50,000+ | 02.09.05 | 1.39 | 1.74 | 1.75 | ||
| £10,000+ | 06.06.05 | 0.80 | 1.00 | 1.00 | ||
| Up to £10,000 | 02.09.05 | 0.08 | 0.10 | 0.10 | ||
| HSBC Premier Account Overdrafts | ||||||
Agreed overdrafts:
| Free | |||||
| Interest Rate: Up to £500 | Nil | Typical 9.9% EAR variable | ||||
| £500+ | 06.06.05 | 0.79x | ||||
Arrangement fee:
| Free 1.25 % of limit | |||||
Overdrafts not agreed in advance:
| 12.06.06 | Free 1.24x | Typical 15.9% EAR variable | |||
| Monthly subscription | You qualify for Premier FREE if you have:
Alternatively, you can have Premier for £19.95 per month as long as you have an annual income of £75,000 or over. | |||||
| Basic Bank Account | Rate % | Net % | Gross % | AER % | EAR % |
|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.00 |
| HSBC Passport Account | Price list and interest rates (PDF, 62kb) |
|---|
| Gap Year Account | Effective Date | Rate % | Net % | Gross % | AER % | EAR % |
|---|---|---|---|---|---|---|
| 01.07.03 | 0.08 | 0.10 | 0.10 | ||
| 12.06.06 | 1.24x | Typical 15.9% EAR variable |
| Student Bank Account | Effective Date | Rate % | Net % | Gross % | AER % | EAR % |
|---|---|---|---|---|---|---|
| 01.07.99 | 0.08 | 0.10 | 0.10 | ||
| Student Bank Account Overdrafts | ||||||
| Arrangement fee | Free | |||||
| Agreed Overdraft Interest Rates: | ||||||
| Not charged up to the following pre-arranged limits: | ||||||
| Up to £1000(Year 1) | Nil | Nil | ||||
| Up to £1,250(Year 2) | Nil | Nil | ||||
| Up to £1,500(Year 3) | Nil | Nil | ||||
| Up to £1,750(Year 4) | Nil | Nil | ||||
| Up to £2,000(Year 5 - subject to course) | Nil | Nil | ||||
| Pre-arranged limits of more than the above yearly entitlements | 12.06.06 | 7.5 | 7.8 | |||
| Overdrafts not agreed in advance: | 12.06.06 | 1.24x | Typical 15.9% EAR variable |
| International Student Service | Effective Date | Rate % | Net % | Gross % | AER % | EAR % |
|---|---|---|---|---|---|---|
Account opened before 21 June 2005
| 18.08.03 | 0.08 | 0.10 | 0.10 | ||
| 12.06.06 | 1.24x | Typical 15.9% EAR variable | |||
Account opened after 21 June 2005
| 0.00 | 0.00 | 0.00 | |||
| 12.06.06 | 1.24x | Typical 15.9% EAR variable |
| Graduate Service | Effective Date | Rate % | Net % | Gross % | AER % | EAR % |
|---|---|---|---|---|---|---|
| 01.07.99 | 0.08 | 0.10 | 0.10 | ||
| Graduate Service Overdrafts | ||||||
| Monthly fee | Free (until 30 June three years after graduation) | |||||
| Agreed Overdraft Interest Rates: | ||||||
Not charged up to pre-arranged limits until 30 June in each year:
| Nil Nil | Nil Nil | ||||
| Pre-arranged limits of more than the above yearly entitlements | 12.06.06 | 1.24x | Typical 15.9% EAR variable | |||
Overdrafts not agreed in advance:
| 12.06.06 | 1.24x | Typical 15.9% EAR variable |
| Right Track into Study/Work Service | Effective Date | Rate % | Net % | Gross % | AER % | EAR % |
|---|---|---|---|---|---|---|
| 02.09.05 | 0.08 | 0.10 | 0.10 | ||
Note: You should not overdraw your account | 12.06.06 | 1.24x | Typical 15.9% EAR variable |
| Livecash | Effective Date | Rate % | Net % | Gross % | AER % | EAR % |
|---|---|---|---|---|---|---|
| 02.09.05 | 2.37 | 2.96 | 3.00 |
Products no longer sold
| Product | Effective Date | Rate % | Net % | Gross % | AER % | EAR % |
|---|---|---|---|---|---|---|
| Meridian | ||||||
| ||||||
| £50,000+ | 02.09.05 | 1.39 | 1.74 | 1.75 | ||
| Up to £50,000 | 02.09.05 | 0.08 | 0.10 | 0.10 | ||
Agreed overdrafts:
| 01.07.98 | 1.04x | 13.2** | |||
Overdrafts not agreed in advance:
| 12.06.06 | 1.24x £25†| Typical 15.9% EAR variable | |||
Home Management Account
| 01.07.99 | 0.08 | 0.10 | 0.10 | ||
Home Management Account Overdrafts
| 12.06.06 | 1.24x £25†| Typical 15.9% EAR variable |
Personal Tariffs
Charges are correct as at 02 September 2005 but are variable.
Current Account Tariffs
| Additional Services | |
|---|---|
| Stopped Cheques | £10 per cheque |
| Special presentation of a cheque | £15 per item |
| Bankers Draft in sterling | £15 per item |
| Additional statements | £1 each |
| Electronic Transfers | Branch | Telephone | Internet |
|---|---|---|---|
| Payments to another HSBC Account (£10,000 and under) | £10 | Free | Free |
| Payments to another HSBC Account (over £10,000) | £17.50 | £17.50 | N/A |
| Any other electronic transfers | £20 | £20 | N/A |
| Transactions you make | |
|---|---|
| Guaranteed Cheques and Maestro transactions we have to pay | up to £30 per item |
| Returned ('bounced') items | up to £30 per item |
| Foreign currency commission rates* | |
|---|---|
| Bought and sold | 0% |
| Travellers cheques sold by us: | |
| -sterling | 1.5% |
| -currency | 0% |
| Travellers cheques encashed (issued by us) | Free |
| Travellers cheques encashed (not issued by us) | 75p per item |
| Travellers cheques are encashed free of charge if purchased at any HSBC Bank branch world-wide | |
| Commission-free currency available on all orders over £250 when ordered online. Find out more. |
| Debit card | |
|---|---|
| Cash machine withdrawals in the UK: | Free |
| You can use HSBC cash machines to obtain cash and access a number of other services (ie PIN change/unlock, account balances, mini-statement, inter-account transfers, etc.) free of charge. | |
| Although you can also withdraw cash with your debit card from any of the LINK cash machines, free of any charge from us, most of the additional services will not be available. Also, some cash machine owners may still charge you for withdrawing cash from their machines. Details will be shown on the cash machine screen before you complete the withdrawal, with an option to cancel if you want. | |
| Maestro/Solo transactions (point of sale): | Free |
| Use of Card abroad | |
|---|---|
| -Cirrus/Maestro Cash machine withdrawals | 1.5%(min £1.75) |
| -If you are a Bank Account Plus Customer | Free |
| -Maestro transactions (point of sale) | Free |
| Foreign currency exchange rates are shown on your statement against each transaction inclusive of an exchange rate adjustment - which is currently 2.75% to cover HSBC handling costs and any card processing fees. |
* HSBC Premier, Student Service and Graduate Service customers are entitled to commission-free foreign currency and travellers cheques.
These charges also apply to customers receiving Independant Financial Advice from Premier.
HSBC Premier Tariffs
| Additional Services* | ||||
|---|---|---|---|---|
| Bankers draft in sterling | £15 per item | |||
| Bankers draft in Euro - Under £100 | £15 | |||
| Bankers draft in Euro - Over £100 | £20 | |||
| Stopped cheques | Free | |||
| Special Presentation of a cheque | Free | |||
| Advice of cheque fate | Free | |||
| Foreign currency commission rates (bought and sold) | Free | |||
| American Express travellers cheques - sterling & currency (sold by us) | Free | |||
| Travellers cheques encashed (issued by us) | Free | |||
| Travellers cheques encashed (not issued by us) | 75p per item | |||
| Additional statements | Free | |||
| Manual payments | Free | |||
| Cash by post | Free | |||
| Excess/Unauthorised Overdraft Fees | Free | |||
| Electronic transfers | Branch | Telephone | Internet | |
| Payments to another HSBC Account in your name | £10 | Free | Free | |
| Any other electronic transfers | £21 | £21 | N/A | |
| Transactions you make | ||||
|---|---|---|---|---|
| Guaranteed Cheques and Maestro transactions we have to pay and returned ('bounced') items | From time to time we may charge for certain transactions you make. A flat fee of up to £30 may apply to returned ('bounced') items and any guaranteed cheque/maestro debits we have to pay. | |||
| Overdraft fees not agreed in advance* | Free | |||
| Debit card | ||||
|---|---|---|---|---|
| Cash machine withdrawals: In the UK | Free | |||
| You can use HSBC cash machines to obtain cash and access a number of other services (ie PIN change/unlock, account balances, mini-statement, inter-account transfers, etc.) free of charge. | ||||
| Although you can also withdraw cash with your debit card from any of the LINK cash machines, free of any charge from us, most of the additional services will not be available. Also, some cash machine owners may still charge you for withdrawing cash from their machines. Details will be shown on the cash machine screen before you complete the withdrawal, with an option to cancel if you want. | ||||
| Cash machine withdrawals: Use of Card abroad (HSBC Group cash machines) | Free | |||
| If you are ever charged a withdrawal fee at any HSBC cash machine overseas, simply phone 08457 70 70 70 for a refund. | ||||
| - Cirrus transactions (cash withdrawals) | Free | |||
| - Maestro transactions (point of sale) | Free | |||
| Foreign currency exchange rates are shown on your statement against each transaction inclusive of an exchange rate adjustment - which is currently 2.75% to cover HSBC handling costs and any card processing fees. | ||||
* These tariffs also apply to customers receiving Independent Financial Advice from Premier.
For details of Private Clients tariffs please see HSBC Premier Tariffs.
x Per Month
†Overdraft Notes
1. £25.00 may be charged on each occasion that you:-
- go overdrawn or further overdrawn
- exceed, or further exceed, an agreed overdraft limit.
2. You will not be charged a review fee if you go overdrawn or further overdrawn without an agreed limit or exceed, or further exceed, your overdraft limit by £10 or less.
3. You will not be charged a review fee if you have not exceeded your overdraft limit/gone overdrawn without a limit in the last 6 months.
4. We will not charge review fees for more than the amount by which you have gone overdrawn without prior agreement or exceeded your overdraft limit in any one charging month.
5. You will not be charged a review fee if you have gone overdrawn without an agreed overdraft by no more than £50 for a total period of 14 days in any one month.
6. You will only be charged review fees a maximum of 5 times in any one month.
7. Our interest rates and fees may change from time to time. We reserve the right to change when we will and will not charge fees from time to time.
††Private Client Current Account customers also receive these credit rates.The Private Clients Current Account debit rate is 3% over base, or margin over base rate agreed with your Branch Manager. Please note that this is no longer sold.
* Including Year 2 and above switchers.
** Customers with a Gold Mastercard benefit from borrowing at 2.50% above base rate (EAR 7.2%) on the whole balance for limits up to £2,500. Negotiated rates apply thereafter.
For charging purposes a month is not a calendar month but begins on the date your account opens. For example, if you opened your account on 20 January, your charging period will be from the 20th of each month to the 19th of the following month.
NET: The rate after the deduction of tax applicable to interest, currently 20%. Higher rate tax payers will have an additional liability. NET rates do not apply to Channel Islands and Isle of Man customers.
AER: Annual Equivalent Rate: This is a notional rate which illustrates what the gross rate would be if interest were paid and compounded each year.
GROSS: The rate before the deduction of tax applicable to interest on savings.
APR: Annual Percentage Rate. This is the total cost of credit, including all interest and any other charges.
EAR: Effective Annual Rate. This takes account of the interest rate and how often interest is paid, and does not include any fees or charges.
All rates are quoted per annum, unless otherwise stated, and are variable.
Issued for UK use only | © HSBC Bank plc 2002 - 2006
HSBC Interest rates/Tariffs June 2006
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