HSBC boosts its fixed rates with 1.6% one-year deal just behind the best offered by smaller providers
HSBC has launched fixed-rate bonds with near-top rates
Is this the first sign big banks are paying attention to savers again?
HSBC has launched fixed-rate bonds with near-top rates, widely available on the High Street.
But you can only open them if you have certain current or savings accounts with HSBC, which must stay open for the term of the bond.
Its 1.6 per cent one-year fix puts it just behind the best smaller providers — Cambridge BS at 1.75 per cent, and both Metro Bank and Kent Reliance at 1.7 per cent.
It just beats the 1.5 per cent at Yorkshire and Leeds building societies.
The top rates online or on phone apps include Atom at 2.05 per cent, Charter Savings Bank (2.03 per cent) and Paragon Bank (2.01 per cent).
HSBC pays 1.8 per cent for two years.