HSBC Business Money Manager

If you're looking for an instant access savings account to put aside separate funds, our Business Money Manager could be ideal. It's easy to open, easy to manage and easy to withdraw your money whenever you need it.

At a glance

  • The more that’s in your account, the more interest you earn. Interest is calculated daily, and paid either monthly or quarterly.

  • Access your business savings via the internet, telephone and branch

  • No limits to the amount of times you can access your savings

  • A place to set aside funds for bills and unexpected payments

  • Transfer funds to your HSBC current account without any charges

  • HSBC current account not required

Apply for Business Money Manager

Apply for Business Money Manager

Are you an existing HSBC business customer?

You can apply now by calling:

0800 731 8911

Lines are open 8am to 10pm every day (except Christmas Day, Boxing Day and New Year's Day). To help us continually improve our service and in the interests of security, we may monitor and/or record your telephone call.

Textphone 18001 0800 028 3516

Are you a primary user of HSBC Business Internet Banking?

Log on to apply now and you'll see your new account straight away.

Are you new to HSBC?

Please visit your nearest branch to apply for this account

Find a branch

Important information
Before applying, please read the following documents carefully, including the 'Your Information' section in the Business Banking Terms and Conditions.

Key benefits

An instant access business savings deposit account

The greater your funds, the greater your interest rate

Set aside funds for any future needs including expected and unexpected bills

Withdraw your money whenever you need to - online, by phone or in branch

Earn more interest by leaving your savings untouched

Allows you to transfer funds to your HSBC business current account (if you have one) without incurring any charges

SUMMARY BOX

Account Name: BUSINESS MONEY MANAGER

What is the interest rate?

The applicable credit interest rates are as follows:

Product Band Gross% AER%
Business Money Manager Monthly Interest Instant Access Up to £100,000 0.03 0.03
£100,000+ 0.03 0.03
£250,000+ 0.03 0.03
£1m+ 0.04 0.04
30+ day rate Up to £100,000 0.03 0.03
£100,000+ 0.04 0.04
£250,000+ 0.04 0.04
£1m+ 0.05 0.05
60+ day rate Up to £100,000 0.04 0.04
£100,000+ 0.06 0.06
£250,000+ 0.07 0.07
£1m+ 0.08 0.08
Business Money Manager Quarterly Interest Instant Access Up to £100,000 0.03 0.03
£100,000+ 0.03 0.03
£250,000+ 0.03 0.03
£1m+ 0.04 0.04
30+ day rate Up to £100,000 0.03 0.03
£100,000+ 0.04 0.04
£250,000+ 0.04 0.04
£1m+ 0.05 0.05
60+ day rate Up to £100,000 0.04 0.04
£100,000+ 0.06 0.06
£250,000+ 0.07 0.07
£1m+ 0.08 0.08

Credit interest is calculated on a daily basis and is paid either monthly or quarterly (in March, June, September and December) according to your instructions. The credit interest rate will depend on how often you take money out of your account:

When you make a withdrawal rate Rate
If you made a withdrawal less than 30 days ago Instant Access Rate
If you haven’t made a withdrawal for 30 consecutive days 30 Day Rate
If you haven’t made a withdrawal for 60 consecutive days 60 Day Rate

Can the Bank change the interest rate?

Yes, the Bank can change the interest rates at any time in line with the clause 2.4.2. of the Business Money Manager Additional Terms and Conditions.

Favourable changes

We’ll make the change immediately and tell you about it once the change has been made.

Unfavourable changes

We’ll let you know at least 30 days before we make the change.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Initial deposit Rate type Interest rate Interest earned Total balance at the end of the 12 months
£1,000 Rate for first 30 days 0.03% AER (0.03% Gross) £0.02 £1,000.37
Rate for next 30 days 0.03% AER (0.03% Gross) £0.02
Rate for rest of the year 0.04% AER (0.04% Gross) £0.03

For the purpose of this calculation, it is assumed:

  • Initial deposit of £1,000
  • No additional deposits
  • No withdrawals
  • No change to the interest rate during the 12 months

How do I open and manage my account?

Eligibility:

Annual turnover of up to £6.5 million

How to open the account:

Open online or in branch

Minimum/Maximum balance:

  • No minimum deposit
  • No maximum balance

How to manage the account:

Once opened you can manage your account online, in branch or by phone.

Can I withdraw money?

Yes, you can make as many withdrawals as you like but this may affect your interest rate. No notice is required.

If you take money out when we’re paying you interest at our 30 Day Rate:

We’ll pay you at our Instant Access Rate on the cleared balance of your Account from the day after you make the withdrawal. You’ll start getting the 30 Day Rate again once 30 days pass without you taking money out.

If you take money out when we’re paying you interest at our 60 Day Rate:

We’ll pay you at our 30 Day Rate on the cleared balance of your Account from the day after you make the withdrawal. You’ll start getting the 60 Day Rate again once 30 days pass without you taking money out. If you make another withdrawal in that time, you’ll go back to the Instant Access Rate.

Additional Information

This is a sterling instant access savings account and can only be used as a savings account.

Definitions:

  • AER stands for annual equivalent rate. A notional rate which illustrates what the gross rate would be if interest was paid and compounded each year
  • Gross is the rate of interest if interest was paid and not compounded each year

Rates correct as at 26.09.16

How the interest works

Leave your savings untouched for 30 days and they qualify for a higher interest rate band.

Leave those same funds untouched for 60 days or more, and they qualify for an even higher interest band.

For more details, see our interest rates page.

Important information

Lines are open 8am to 10pm every day (except Christmas Day, Boxing Day and New Year's Day). To help us continually improve our service and in the interests of security, we may monitor and/or record your telephone call.

Don't have Adobe PDF Reader? Download Adobe Reader

Apply for Business Money Manager

Help and support

Know your trading partners

Whether trading at home or overseas, it is vital to find out as much as possible about potential trading partners.

Agri-tech innovation in the UK

Cross-over technologies that could drive food production efficiency in UK agriculture and beyond could help tackle the growing challenge of feeding the world.

Optimising your financial supply chain

As your international sales grow, your financial supply chain will become more complex. How can you best manage it?

You are leaving the HSBC Commercial Banking website.

Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.

You are leaving the HSBC Commercial Banking website

Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.