HSBC customers will receive a boost to their savings, the bank has announced.
The popular bank chain will increase interest rates on some saving accounts with increases of up to 0.75 percentage points from Thursday, June 8. It includes an increase on the bank's mysavings and premier savings youth accounts, taking rates to 5 per cent.
Meanwhile, the rate on HSBC’s online bonus saver instant access account, for balances up to £10,000, will rise by 0.50 percentage points to 4.00 per cent. The rate on balances over £10,000 increases by 0.30 percentage points to 2.30% alongside a 0.50 percentage point increase to its Isa range.
