HSBC offers 5% interest rate on savings plus £200 free cash

Those looking to take advantage need to submit their application for one of two HSBC valid accounts by midnight today. Savers will need to pay at least £1,500 into their account within 60 days and switch two plus Direct Debits or standing orders. They can’t have had an HSBC current account or opened a first direct current account since 1 January 2020. Within 30 days of successfully opening, the next step is to initiate the switching process, facilitated by the Current Account Switch Service (CASS). The service will transfer all your payment mandates to the new account, which the offer specifies needs to include at least two direct debits or standing orders.