HSBC Interest rates/Tariffs June 2006

Personal


  • Current accounts
  • Savings
  • Credit cards
  • Loans
  • Mortgages
  • Affinity cards


Business


  • Business accounts
  • Savings
  • Finance & borrowing


Rates and Tariffs
HSBC Bank Account HSBC International Student Service
HSBC Bank Account Plus HSBC Graduate Service
HSBC Premier Account HSBC Right Track into Study/Work Service
HSBC Basic Bank Account HSBC Livecash
HSBC Passport Account
HSBC Gap Year Account HSBC Current Account Tariffs
HSBC Student Bank Account HSBC Premier Account Tariffs
Current accounts
Compare with previous interest rates


Bank Account Effective Date Rate % Net % Gross % AER % EAR %
  • Credit Interest
01.07.99 0.08 0.10 0.10
Bank Account Overdrafts
Standard Overdraft Rate 12.06.06 1.24x Typical 15.9% EAR variable
Arrangement fee 1.25% of limit(over £5,000)
Agreed overdrafts:

  • Monthly fee
Free
Overdrafts not agreed in advance:

  • Overdraft Review Fee
  • Interest rate above a pre-agreed limit
¬£25.00 ‚Ä
1.24x
Typical 15.9% EAR variable

Bank Account Plus Effective Date Rate % Net % Gross % AER % EAR %
  • Credit Interest
£50,000+ 06.06.05 1.39 1.74 1.75
£10,000+ 06.06.05 0.80 1.00 1.00
Up to £10,000 06.06.05 0.08 0.10 0.10
Bank Account Plus Overdrafts
Standard Overdraft Rate 1.00x Typical 12.8% EAR variable
Arrangement fee 1.25% of limit(over £5,000)
Agreed overdrafts:

  • Monthly fee
Free
Overdrafts not agreed in advance:

  • Overdraft Review Fee
  • Interest rate above a pre-agreed limit
12.06.06 ¬£25.00 ‚Ä
1.24x
Typical 15.9% EAR variable
Monthly subscription Special offer ‚Äď the monthly subscription is reduced from ¬£12.95 per month to ¬£9.95 per month for the first six months when customers open Bank Account Plus before 31 July 2006. Plus has a minimum 12 month initial term then is renewable monthly. You will be given full terms and conditions when you apply.

HSBC Premier Account ‚Ä ‚Ä Effective Date Rate % Net % Gross % AER % EAR %
  • Credit Interest
£100,000+ 02.09.05 1.59 1.98 2.00
£50,000+ 02.09.05 1.39 1.74 1.75
£10,000+ 06.06.05 0.80 1.00 1.00
Up to £10,000 02.09.05 0.08 0.10 0.10
HSBC Premier Account Overdrafts
Agreed overdrafts:

  • Monthly fee
Free
Interest Rate:
Up to £500
Nil Typical 9.9% EAR variable
£500+ 06.06.05 0.79x
Arrangement fee:

  • Up to and including ¬£10,000
  • Above ¬£10,000
Free
1.25 % of limit
Overdrafts not agreed in advance:

  • Monthly fee
  • Standard Overdraft Rate
12.06.06 Free

1.24x
Typical 15.9% EAR variable
Monthly subscription You qualify for Premier FREE if you have:

  • a mortgage of ¬£200,000 or more with HSBC Bank
  • savings and investments of at least ¬£50,000 with HSBC Bank, or
  • annual income of ¬£75,000 or over and a mortgage of ¬£100,000 or over with HSBC Bank.

Alternatively, you can have Premier for £19.95 per month as long as you have an annual income of £75,000 or over.

Basic Bank Account Rate % Net % Gross % AER % EAR %
  • Credit Interest
0.00 0.00 0.00

HSBC Passport Account Price list and interest rates (PDF, 62kb)

Gap Year Account Effective Date Rate % Net % Gross % AER % EAR %
  • Credit Interest
01.07.03 0.08 0.10 0.10
  • Debit Interest
12.06.06 1.24x Typical 15.9% EAR variable

Student Bank Account Effective Date Rate % Net % Gross % AER % EAR %
  • Credit Interest
01.07.99 0.08 0.10 0.10
Student Bank Account Overdrafts
Arrangement fee Free
Agreed Overdraft Interest Rates:
Not charged up to the following pre-arranged limits:
Up to £1000(Year 1) Nil Nil
Up to £1,250(Year 2) Nil Nil
Up to £1,500(Year 3) Nil Nil
Up to £1,750(Year 4) Nil Nil
Up to £2,000(Year 5 - subject to course) Nil Nil
Pre-arranged limits of more than the above yearly entitlements 12.06.06 7.5 7.8
Overdrafts not agreed in advance: 12.06.06 1.24x Typical 15.9% EAR variable

International Student Service Effective Date Rate % Net % Gross % AER % EAR %
Account opened before 21 June 2005

  • Credit Interest
18.08.03 0.08 0.10 0.10
  • Debit Interest
12.06.06 1.24x Typical 15.9% EAR variable
Account opened after 21 June 2005

  • Credit Interest
0.00 0.00 0.00
  • Debit Interest
12.06.06 1.24x Typical 15.9% EAR variable

Graduate Service Effective Date Rate % Net % Gross % AER % EAR %
  • Credit Interest
01.07.99 0.08 0.10 0.10
Graduate Service Overdrafts
Monthly fee Free (until 30 June three years after graduation)
Agreed Overdraft Interest Rates:
Not charged up to pre-arranged limits until 30 June in each year:

  • Up to ¬£1,500(Year 1)
  • Up to ¬£1,000(Year 2)
Nil
Nil
Nil
Nil
Pre-arranged limits of more than the above yearly entitlements 12.06.06 1.24x Typical 15.9% EAR variable
Overdrafts not agreed in advance:

  • Standard Overdraft Rate
12.06.06 1.24x Typical 15.9% EAR variable

Right Track into Study/Work Service Effective Date Rate % Net % Gross % AER % EAR %
  • Credit Interest
02.09.05 0.08 0.10 0.10
  • Debit Interest

Note: You should not overdraw your account
12.06.06 1.24x Typical 15.9% EAR variable

Livecash Effective Date Rate % Net % Gross % AER % EAR %
  • Credit Interest
02.09.05 2.37 2.96 3.00

Products no longer sold
Product Effective Date Rate % Net % Gross % AER % EAR %
Meridian
  • Credit Interest
£50,000+ 02.09.05 1.39 1.74 1.75
Up to £50,000 02.09.05 0.08 0.10 0.10
Agreed overdrafts:

  • Interest rate
01.07.98 1.04x 13.2**
Overdrafts not agreed in advance:

  • Standard Overdraft Rate
  • Overdraft Review Fee
12.06.06 1.24x
¬£25‚Ä
Typical 15.9% EAR variable
Home Management Account

  • Credit Interest
01.07.99 0.08 0.10 0.10
Home Management Account Overdrafts

  • Standard Overdraft Rate
  • Overdraft Review Fee
12.06.06 1.24x
¬£25‚Ä
Typical 15.9% EAR variable

Personal Tariffs

Charges are correct as at 02 September 2005 but are variable.
Current Account Tariffs

Additional Services
Stopped Cheques £10 per cheque
Special presentation of a cheque £15 per item
Bankers Draft in sterling £15 per item
Additional statements £1 each
Electronic Transfers Branch Telephone Internet
Payments to another HSBC Account (£10,000 and under) £10 Free Free
Payments to another HSBC Account (over £10,000) £17.50 £17.50 N/A
Any other electronic transfers £20 £20 N/A
Transactions you make
Guaranteed Cheques and Maestro transactions we have to pay up to £30 per item
Returned ('bounced') items up to £30 per item
Foreign currency commission rates*
Bought and sold 0%
Travellers cheques sold by us:
-sterling 1.5%
-currency 0%
Travellers cheques encashed (issued by us) Free
Travellers cheques encashed (not issued by us) 75p per item
Travellers cheques are encashed free of charge if purchased at any HSBC Bank branch world-wide
Commission-free currency available on all orders over £250 when ordered online. Find out more.
Debit card
Cash machine withdrawals in the UK: Free
You can use HSBC cash machines to obtain cash and access a number of other services (ie PIN change/unlock, account balances, mini-statement, inter-account transfers, etc.) free of charge.
Although you can also withdraw cash with your debit card from any of the LINK cash machines, free of any charge from us, most of the additional services will not be available. Also, some cash machine owners may still charge you for withdrawing cash from their machines. Details will be shown on the cash machine screen before you complete the withdrawal, with an option to cancel if you want.
Maestro/Solo transactions (point of sale): Free
Use of Card abroad
-Cirrus/Maestro Cash machine withdrawals 1.5%(min £1.75)
-If you are a Bank Account Plus Customer Free
-Maestro transactions (point of sale) Free
Foreign currency exchange rates are shown on your statement against each transaction inclusive of an exchange rate adjustment - which is currently 2.75% to cover HSBC handling costs and any card processing fees.
* HSBC Premier, Student Service and Graduate Service customers are entitled to commission-free foreign currency and travellers cheques.
These charges also apply to customers receiving Independant Financial Advice from Premier.

HSBC Premier Tariffs

Additional Services*
Bankers draft in sterling £15 per item
Bankers draft in Euro - Under £100 £15
Bankers draft in Euro - Over £100 £20
Stopped cheques Free
Special Presentation of a cheque Free
Advice of cheque fate Free
Foreign currency commission rates (bought and sold) Free
American Express travellers cheques - sterling & currency (sold by us) Free
Travellers cheques encashed (issued by us) Free
Travellers cheques encashed (not issued by us) 75p per item
Additional statements Free
Manual payments Free
Cash by post Free
Excess/Unauthorised Overdraft Fees Free
Electronic transfers Branch Telephone Internet
Payments to another HSBC Account in your name £10 Free Free
Any other electronic transfers £21 £21 N/A
Transactions you make
Guaranteed Cheques and Maestro transactions we have to pay and returned ('bounced') items From time to time we may charge for certain transactions you make. A flat fee of up to £30 may apply to returned ('bounced') items and any guaranteed cheque/maestro debits we have to pay.
Overdraft fees not agreed in advance* Free
Debit card
Cash machine withdrawals: In the UK Free
You can use HSBC cash machines to obtain cash and access a number of other services (ie PIN change/unlock, account balances, mini-statement, inter-account transfers, etc.) free of charge.
Although you can also withdraw cash with your debit card from any of the LINK cash machines, free of any charge from us, most of the additional services will not be available. Also, some cash machine owners may still charge you for withdrawing cash from their machines. Details will be shown on the cash machine screen before you complete the withdrawal, with an option to cancel if you want.
Cash machine withdrawals: Use of Card abroad (HSBC Group cash machines) Free
If you are ever charged a withdrawal fee at any HSBC cash machine overseas, simply phone 08457 70 70 70 for a refund.
- Cirrus transactions (cash withdrawals) Free
- Maestro transactions (point of sale) Free
Foreign currency exchange rates are shown on your statement against each transaction inclusive of an exchange rate adjustment - which is currently 2.75% to cover HSBC handling costs and any card processing fees.
* These tariffs also apply to customers receiving Independent Financial Advice from Premier.
For details of Private Clients tariffs please see HSBC Premier Tariffs.

x Per Month

‚Ä Overdraft Notes
1. £25.00 may be charged on each occasion that you:-
- go overdrawn or further overdrawn
- exceed, or further exceed, an agreed overdraft limit.
2. You will not be charged a review fee if you go overdrawn or further overdrawn without an agreed limit or exceed, or further exceed, your overdraft limit by £10 or less.
3. You will not be charged a review fee if you have not exceeded your overdraft limit/gone overdrawn without a limit in the last 6 months.
4. We will not charge review fees for more than the amount by which you have gone overdrawn without prior agreement or exceeded your overdraft limit in any one charging month.
5. You will not be charged a review fee if you have gone overdrawn without an agreed overdraft by no more than £50 for a total period of 14 days in any one month.
6. You will only be charged review fees a maximum of 5 times in any one month.
7. Our interest rates and fees may change from time to time. We reserve the right to change when we will and will not charge fees from time to time.
‚Ä ‚Ä Private Client Current Account customers also receive these credit rates.The Private Clients Current Account debit rate is 3% over base, or margin over base rate agreed with your Branch Manager. Please note that this is no longer sold.
* Including Year 2 and above switchers.
** Customers with a Gold Mastercard benefit from borrowing at 2.50% above base rate (EAR 7.2%) on the whole balance for limits up to £2,500. Negotiated rates apply thereafter.
For charging purposes a month is not a calendar month but begins on the date your account opens. For example, if you opened your account on 20 January, your charging period will be from the 20th of each month to the 19th of the following month.
NET: The rate after the deduction of tax applicable to interest, currently 20%. Higher rate tax payers will have an additional liability. NET rates do not apply to Channel Islands and Isle of Man customers.
AER: Annual Equivalent Rate: This is a notional rate which illustrates what the gross rate would be if interest were paid and compounded each year.
GROSS: The rate before the deduction of tax applicable to interest on savings.
APR: Annual Percentage Rate. This is the total cost of credit, including all interest and any other charges.
EAR: Effective Annual Rate. This takes account of the interest rate and how often interest is paid, and does not include any fees or charges.
All rates are quoted per annum, unless otherwise stated, and are variable.

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