HSBC UK Fixed Rate Saver — 3.80% p.a.
United Kingdom · GBP · tenor 1 year · as of August 2026
Same HSBC UK table, one-year Fixed Rate Saver: 3.80% AER from £2,000. Shorter lock-in than the two-year rate, 60 basis points lower.
- Rate p.a.
- 3.80%
- Product
- Fixed Rate Saver
- Tenor
- 1 year
- Minimum deposit
- £2,000
- Maximum deposit
- £1,000,000
- Interest paid
- Monthly or annually (AER/Gross 3.80%)
- Deposit protection
- FSCS (United Kingdom), up to £120,000 per customer
- Currency
- GBP
The same official HSBC table lists 4.40% for two years and 3.80% AER for twelve months (as of 13 August 2026). Deposit £2,000–£1,000,000, one payment.
Versus Barclays (also 3.80% for twelve months) the minimum is higher (£2,000 vs £500). Early closure with an interest deduction is provided for — typically not on Barclays Issue 131.
The deposit can be booked in euro or Swiss francs — with no GBP FX risk. We clarify settlement on a call.
Terms
- Tenor: 12 months
- Minimum: £2,000, maximum £1,000,000
- Same bank, two-year rate: 4.40% AER
- Source: HSBC UK Fixed Rate Saver, as of 13 August 2026
Official bank page: HSBC UK
Who it suits
Investors who want a twelve-month lock-in at HSBC’s official 3.80% rate — including those resident in Switzerland.
Risks and notes
- Lower rate than longer HSBC and NatWest products.
- Terms can change again before you apply.
- Terms and settlement are clarified on a call.
Rates are indicative. The deposit sits with the bank — details in the terms. Terms