Select the type of account that best suits your business needs
Choose any tradable currency and simplify foreign currency dealings
Avoid the cost of converting currency
View balances online with Business Internet Banking
Larger businesses can view statements and make electronic payments direct to your overseas suppliers via HSBCnet
The applicable credit interest rates are as follows:
Product | Effective Date | Amount | Gross % | AER % |
|---|---|---|---|---|
USD
(Interest Paid half yearly) | 03.07.2023 | 2,500,000+ | 1.80 | 1.81 |
USD
(Interest Paid half yearly) | 03.07.2023 | 1,000,000+ | 1.75 | 1.76 |
USD
(Interest Paid half yearly) | 03.07.2023 | 500,000+ | 1.70 | 1.71 |
USD
(Interest Paid half yearly) | 03.07.2023 | 250,000+ | 1.65 | 1.66 |
USD
(Interest Paid half yearly) | 03.07.2023 | Up to 249,999 | 1.60 | 1.61 |
Product | Effective Date | Amount | Gross % | AER % |
|---|---|---|---|---|
EUR One Euro Account | 03.07.2023 | 3,000,000+ | 1.15 | 1.15 |
EUR One Euro Account | 03.07.2023 | 1,000,000+ | 1.10 | 1.10 |
EUR One Euro Account | 03.07.2023 | 500,000+ | 1.05 | 1.05 |
EUR One Euro Account | 03.07.2023 | 250,000+ | 1.00 | 1.00 |
EUR One Euro Account | 03.07.2023 | Up to 249,000 | 0.95 | 0.95 |
Product | Effective Date | Amount | Gross % | AER % |
|---|---|---|---|---|
Australian dollar (AUD) | 10.03.2009 | 920,000+ | 0.5 | 0.5 |
Australian dollar (AUD) | 10.03.2009 | 460,000+ | 0.25 | 0.25 |
Australian dollar (AUD) | 10.03.2009 | 92,000+ | 0 | 0 |
Australian dollar (AUD) | 10.03.2009 | 46,000+ | 0 | 0 |
Australian dollar (AUD) | 10.03.2009 | 6,000+ | 0 | 0 |
Product | Effective Date | Amount | Gross % | AER % |
|---|---|---|---|---|
Canadian dollar (CAD) | 10.03.2009 | 850,000+ | 0.05 | 0.05 |
Canadian dollar (CAD) | 10.03.2009 | 400,000+ | 0 | 0 |
Canadian dollar (CAD) | 10.03.2009 | 85,000+ | 0 | 0 |
Canadian dollar (CAD) | 10.03.2009 | 40,000+ | 0 | 0 |
Canadian dollar (CAD) | 10.03.2009 | 5,000+ | 0 | 0 |
Product | Effective Date | Amount | Gross % | AER % |
|---|---|---|---|---|
Danish Krone (DKK) | 11.02.2013 | 4,420,000+ | 0 | 0 |
Danish Krone (DKK) | 11.02.2013 | 2,110,000+ | 0 | 0 |
Danish Krone (DKK) | 11.02.2013 | 422,000+ | 0 | 0 |
Danish Krone (DKK) | 11.02.2013 | 211,000+ | 0 | 0 |
Danish Krone (DKK) | 11.02.2013 | 25,000+ | 0 | 0 |
Product | Effective Date | Amount | Gross % | AER % |
|---|---|---|---|---|
New Zealand dollar (NDZ) | 10.03.2009 | 1,120,000+ | 0.75 | 0.75 |
New Zealand dollar (NDZ) | 10.03.2009 | 610,000+ | 0.5 | 0.5 |
New Zealand dollar (NDZ) | 10.03.2009 | 122,000+ | 0 | 0 |
New Zealand dollar (NDZ) | 10.03.2009 | 61,000+ | 0 | 0 |
New Zealand dollar (NDZ) | 10.03.2009 | 7,300+ | 0 | 0 |
Product | Effective Date | Amount | Gross % | AER % |
|---|---|---|---|---|
Norwegian krone (NOK)) | 10.03.2009 | 4,600,000+ | 0.25 | 0.25 |
Norwegian krone (NOK)) | 10.03.2009 | 2,260,000+ | 0 | 0 |
Norwegian krone (NOK)) | 10.03.2009 | 452,000+ | 0 | 0 |
Norwegian krone (NOK)) | 10.03.2009 | 226,000+ | 0 | 0 |
Norwegian krone (NOK)) | 10.03.2009 | 27,000+ | 0 | 0 |
Product | Effective Date | Amount | Gross % | AER % |
|---|---|---|---|---|
Swedish Krona (SEK) | 10.03.2009 | 4,800,000+ | 0.1 | 0.1 |
Swedish Krona (SEK) | 10.03.2009 | 2,400,000+ | 0 | 0 |
Swedish Krona (SEK) | 10.03.2009 | 480,000+ | 0 | 0 |
Swedish Krona (SEK) | 10.03.2009 | 240,000+ | 0 | 0 |
Swedish Krona (SEK) | 10.03.2009 | 28,000+ | 0 | 0 |
*It is important to note that rates of currency exchange can fluctuate and change on a daily basis. Changes in rates of currency exchange will directly impact the relative value of your currency deposit which will decrease or increase accordingly.
If your credit interest rate for a currency goes below zero, we may charge you a negative interest rate.
Yes, the Bank can change the rates at any time in line with your Business Banking Terms and Conditions.
Favourable changes
We’ll make the change immediately and tell you about it once the change has been made.
Unfavourable changes
Example 1: USD
Initial deposit | Interest rate | Interest earned | Total balance at the end of the 12 months |
|---|---|---|---|
USD1,000 | 1.61% AER (1.60% Gross) | USD16.80 | USD1,016.80
|
For the purpose of this calculation, it is assumed:
Example 2: CAD
Initial deposit | Interest rate | Interest earned | Total balance at the end of the 12 months |
|---|---|---|---|
CAD1,000,000 | 0.05% AER (0.05% Gross) | CAD500.06 | CAD1,000,500.06 |
For the purpose of this calculation it is assumed:
Example 3: NOK
Initial deposit | Interest rate | Interest earned | Total balance at the end of the 12 months |
|---|---|---|---|
NOK5,000,000 | 0.25% AER (0.25% Gross) | NOK12,507.81 | NOK5,012,507.81 |
For the purpose of this calculation it is assumed:
Eligibility:
If you do not have a Relationship Manager, you will need a Sterling Business Account (current or savings) before you can open an international instant access savings account.
How to open the account:
Call us today on 03457 60 60 60 to book an appointment to discuss this, appointments can be conducted over the phone or in branch. A Business Specialist will be able to discuss this further.
Or if you prefer to speak to someone in branch this can also be arranged, an appointment can be made by calling 03457 60 60 60.
Lines are open Monday to Friday, 8am to 8pm and Saturday, 8am to 2pm (subject to change over certain periods).
Minimum/Maximum balance:
How to manage the account:
Once opened you can manage your account online, in branch or by phone.
Yes, you can make as many withdrawals as you like. No notice is required.
No, you can’t withdraw any money before the deposit matures or close the account during the term of a deposit.
There is no cancellation period on this account.
What happens when the term ends?
You can:
If you haven’t given us any instructions about what to do at the end of the fixed term, at least two working days before maturity, we’ll reinvest the deposit, including any interest earned, for the same length of time, at the prevailing interest rate and terms.
The interest rate we pay is tiered and depends on the amount and term of a deposit.
We pay credit interest at a fixed interest rate, which is set when placing the deposit, for the duration of the term of the deposit.
Interest is calculated daily from the date of the deposit and will be paid on the maturity date.
No, once the deposit has been placed the rate will remain fixed for the duration of the deposit and subsequent reinvestments or renewals will be priced at the prevailing interest rate.
1 Month Fixed Term | ||
|---|---|---|
Deposit | Gross Interest Rate | Balance at the end of the fixed term |
$50,000 | 3.71% | $50,152.47 |
3 Month Fixed Term | ||
Deposit | Gross Interest Rate | Balance at the end of the fixed term |
$50,000 | 4.53% | $50,558.49 |
6 Month Fixed Term | ||
Deposit | Gross Interest Rate | Balance at the end of the fixed term |
$50,000 | 4.56% | $51,124.38 |
These projections are provided for illustrative purposes only and don’t take individual circumstances into account. Additional fixed terms are available for USD deposits and range from 7 days to 1 year. Euro deposits are also available, with terms from 1 month to 1 year.
For the purpose of these calculations, it’s assumed that each has 30 days.
Opening your account
Your business must hold a linked HSBC UK International Business Account (current or savings) for the duration of the fixed term. This linked account must be in the same currency as the International Fixed Term Deposit account.
An International Fixed Term Deposit account can only be opened by contacting our dedicated team on 0345 850 1155 (lines open 9:00am to 5:00pm, Monday to Friday, excluding holidays).
The minimum deposit is $50,000 (or currency equivalent).
Managing your account
You’ll be able to view your International Fixed Term Deposit account through Business Internet Banking and HSBCnet. However, if you’re a HSBC Kinetic customer you won’t be able to view your International Fixed Term Deposit account in the HSBC Kinetic app.
To manage your International Fixed Term Deposit account, you’ll need to contact us by phone, or through your usual HSBC contact.
No, you can’t withdraw any money before the deposit matures or close the account during the term of a deposit.
There is no cancellation period on this account.
What happens when the term ends?
You can:
If you haven’t given us any instructions about what to do at the end of the fixed term, at least two working days before maturity, we’ll reinvest the deposit, including any interest earned, for the same length of time, at the prevailing interest rate and terms.
Gross Interest is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
