HSBC Current Accounts

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Please see below for full details of the HSBC current accounts important information such as Interest Rates, Overdraft facility, Benefits and Fees & Charges

Other popular current accounts

AccountInterest (AER)

The account's Annual Equivalent Rate: the interest rate that is paid on in-credit balances over a year. Hover over the red asterisks for more details.

Overdraft Rate (EAR)

The interest or fee that is charged for using the account's overdraft facility.Hover over the red asterisks for more details.

Overdraft buffer

The maximum amount you can go overdrawn without incurring interest fees or penalty charges.

Min Monthly Payment

Some accounts require customers to pay in a certain amount each month. Failure to pay in the agreed amount can result in penalties or loss of account benefits.

Monthly Fee

The amount that the bank charges customers each month to use the account – usually deducted from the account balance every month.

Nationwide FlexDirect
  • 5% AER on balances up to £2,500 (conditions apply)
  • Fee-free overdraft for 12 months (subject to approval)
  • Access to special rates and exclusive products
5%
  • Interest AER Details
  • 5.00% AER (4.89% gross p.a.) for in-credit balances up to £2,500 (fixed for the first 12 months) if you pay in at least £1,000 per month.
  • After the first 12 months the rate reverts to 1.00% variable.
  • No interest on balances over £2,500.
0%
  • Overdraft Details
  • Arranged overdraft fees: 0% for the first 12 months
  • 50p per day on balances over £10 thereafter (the first £10 of your arranged overdraft is free)
  • Unarranged overdraft fees: 50p per day on balances up to £10
  • £5 per day on balances over £10 and are capped at £60 per month
  • First time fee refund - Nationwide will refund the first overdraft fees you incur
None£1,000FreeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Age16
Permanent UK ResidentYes
Minimum Monthly credit£1,000
Monthly FeeFree
REVIEW
Representative Example: If you use an arranged overdraft of £1,200 the amount Nationwide will charge you is 50p per day (variable)
TSB Classic Plus Account
  • 5% AER on balances up to £2,000
  • No tiers and no introductory offer periods
  • To earn 5% AER you must credit your account with £500 each month, register for internet banking, paperless statements and correspondence
5%
  • Interest AER Details
  • 5% AER on balances up to £2,000
  • To earn 5% AER you must credit your account with £500 each month, register for internet banking, paperless statements and correspondence.
19.94%
  • Overdraft Details
  • £10 interest-free overdraft buffer
  • If you go overdrawn by more than £10, TSB's Grace Period means that you have until 3.30pm (UK Time) to pay in enough money to avoid any overdraft fees you may incur that day
  • 0% interest on planned overdraft up to £25
  • 19.94% EAR variable and a Monthly Overdraft Usage Fee of £6 apply to amounts of £25 to £1,200
£10£500FreeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Age18
Permanent UK ResidentYes
Minimum Monthly credit£500
Monthly FeeFree
REVIEW
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.94% EAR (Variable)
M&S Bank Current Account
  • Get a £100 M&S gift card when you switch your banking using the Current Account Switch Service (terms and conditions apply)
  • Earn 1 point for every £1 spent on your M&S Visa Debit Card in M&S (in store and online) through the M&S Loyalty Scheme
  • Internet Banking and friendly 24/7 UK based Telephone Banking
  • Branch banking 7 days a week - during normal store hours
0%
  • Interest AER Details
  • No interest is paid on in-credit balances on this account
15.9%
  • Overdraft Details
  • Automatic £500 overdraft at account opening - with the first £100 interest free.
  • Overdraft interest is charged at 15.9% EAR variable on balances over the first £100.
  • Overdraft is optional and subject to status.
£100NoneFreeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Age18
Permanent UK ResidentYes
Minimum Monthly creditNone
Monthly FeeFree
REVIEW
Representative Example: (assumed overdraft £1,200): 0% EAR variable on the first £100. 15.9% EAR variable thereafter.

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asteriskAccounts with an asterisks have terms and conditions applied, place your mouse cursor over the asterisk to view the terms.

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Page compiled: 23/09/2014 19:22:43