HSBC ONLINE BONUS SAVER REVIEW

The Online Bonus Saver from HSBC Bank is an instant access savings account that is operated online.   The current interest rate on the HSBC Online Bonus Saver is 0.75% but you need to be aware of the terms and conditions. These can be found on the HSBC website but as of 06/08/2008 they are that in any month you do not make any withdrawals from the online bonus saver you will earn 0.75% but if you make a withdrawal the interest for that month drops to 0.25%. These rates only apply to balances of between £1 and £50,000. For amounts more than this a lower rate of interest will be paid on the savings account.   The interest rate on the HSBC online bonus saver is variable and interest is credited monthly. Because this is an internet based savings accounts you can view your account balance online at any time and you can arrange transfers to another HSBC account or another provider using the internet banking.    To apply for the HSBC Online Bonus Saver Instant Access Savings Account visit the HSBC website.