Client Deposit Account

Safeguard your clients' deposits or funds in a separate or pooled account and you could benefit from competitive interest rates.

At a glance

  • Designed for regulated professionals to hold clients' money

  • An interest rate that grows as the balance increases. Interest paid half yearly in June and December

  • Optional cheque book and paying in book facilities

  • No charges for credits or cheque withdrawals

  • Instant access to clients' money

  • HSBC current account not required

Apply for our Clients Deposit Account service

Apply for our Clients Deposit Account service

Have you already registered for this service?

Click to apply online for a client's deposit account

Are you a solicitor and existing HSBC customer?

Register for this service so you can apply online for clients' deposit accounts

Are you an accountant or other professional?

Speak to your Relationship Manager or visit your nearest branch

0800 328 5558

Lines are open from 9am to 5pm Monday to Friday, excluding public holidays

Textphone: 18001 0800 028 3516

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.


Access to specialised service and support for professionals

Save time if you're a solicitor by applying online



What is the interest rate?

The applicable credit interest rates are as follows:

Product Amount Gross % AER %
Clients Deposit Account
(Twice yearly interest)
Up to £25,000 0.03 0.03
£25,000+ 0.03 0.03
£50,000+ 0.03 0.03
£100,000+ 0.03 0.03


0.03 0.03
£1m+ 0.04 0.04


Credit interest is calculated on a daily basis up to the first Friday (or the next working day if Friday is not a working day) in June and December in each year and paid on the third Friday (or the next working day if Friday is not a working day) of those months.

Can the Bank change the interest rate?

Yes, the Bank can change interest rates at any time in line with clause 6.1 of the 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

  • Small Business/Small Charity Customers – We’ll let you know at least two months before we make the change
  • Large Corporate Business Customers and Customers in Channel Islands/Isle of Man – We’ll make the change immediately, whether favourable or not, and tell you about it once the change has been made

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

Initial deposit Interest rate Total balance at the end of the 12 months
£1,000 0.03% AER (0.03% Gross) £1,000.30


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?


Account eligibility is limited to the following businesses:

  • Credit and Financial Institutions which have permission to hold client money from the FCA (Financial Conduct Authority)
  • Auditors, insolvency practitioners, external accountants, tax advisers, notaries, conveyancers or independent legal professionals that are regulated by a designated professional body
  • Real Estate businesses, estate agents, property managers, or loss adjusters that are regulated by specific bodies and attest to a number of requirements
  • Local Authorities for example county councils, unitary authorities in shire areas, London boroughs and metropolitan boroughs

How to open the account:

Open in branch, online (online for solicitors only)

Minimum/Maximum balance:

  • No minimum balance
  • 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 in line with clause 2.2 of the Client Accounts Additional Conditions. No notice is required.

Additional Information

This account must only be used to hold money on behalf of your clients not to make payments for your own business. You are responsible for carrying out due diligence on your clients that might be necessary to comply with all relevant laws and regulations.


  • 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 26.10.16

Ongoing service and support

As a solicitor, accountant or other professional who banks with HSBC, you get access to a wide network of local experts. This means that no matter where you're based in the country, you'll have a named contact at your local Commercial Banking Centre. We offer a comprehensive range of services tailored to the professionals sector, which means we can provide a wide variety of financial solutions for firms and practices like yours that have very specific business banking needs.

Information for solicitors

Save time by opening accounts for your clients online

  • Solicitors can register to submit account opening requests online
  • No paper applications to complete
  • Open up to 40 accounts at a time
  • Nominate up to 4 people to open accounts

It's easy to apply

You need to register for this service before you can start opening accounts online:

  1. Click on the 'Apply now' button
  2. Under the 'Are you a solicitor?' option, select 'Register now' and enter your details
  3. One of our customer service representatives will call you within one working day (between 9am and 5pm Monday to Friday, excluding public holidays) and send you an online opening registration form
  4. Complete and return the application form
  5. Once you receive registration confirmation, go to the 'Have you already registered?' option and click 'Apply now'

Important information

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Apply for our Clients Deposit Account service

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