Managing Your Business
Business Money Manager
Apply for 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
- Interest is calculated daily, and paid either monthly or quarterly.
- Access your savings via the internet, telephone and branch
- No limits to the amount of times you can access your savings, but if you take money out of your account your interest rate may change
- Transfer funds to your HSBC current account without any charges
- No monthly fees, but cash and cheque transaction fees are applicable, please see the Business Price list for more information
- HSBC current account not required
Key benefits
An instant access deposit account
Set aside funds for any future needs including expected and unexpected bills
Earn more interest by leaving your savings untouched
No limits to the amount of times you can access your funds
Withdraw your money whenever you need to - online, by phone or in branch
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 | GBP amount | Rates (%) effective from 28 July 2025 | Rates (%) effective from 29 July 2025 | |||
|---|---|---|---|---|---|---|
Gross | AER1 | Gross | AER1 | |||
Business Money Manager (Monthly Interest) | Instant Access | Up to £100,000 | 1.56 | 1.57 | 1.44 | 1.45 |
£100,000+ | 1.59 | 1.60 | 1.47 | 1.48 | ||
£250,000+ | 1.61 | 1.62 | 1.49 | 1.50 | ||
£1m+ | 1.66 | 1.67 | 1.54 | 1.55 | ||
30+ day rate | Up to £100,000 | 1.60 | 1.61 | 1.48 | 1.49 | |
£100,000+ | 1.63 | 1.64 | 1.51 | 1.52 | ||
£250,000+ | 1.66 | 1.67 | 1.54 | 1.55 | ||
£1m+ | 1.70 | 1.71 | 1.58 | 1.59 | ||
60+ day rate | Up to £100,000 | 1.64 | 1.65 | 1.52 | 1.53 | |
£100,000+ | 1.68 | 1.69 | 1.56 | 1.57 | ||
£250,000+ | 1.71 | 1.72 | 1.59 | 1.60 | ||
£1m+ | 1.76 | 1.77 | 1.64 | 1.65 | ||
Business Money Manager (Quarterly Interest) | Instant Access | Up to £100,000 | 1.56 | 1.57 | 1.44 | 1.45 |
£100,000+ | 1.59 | 1.60 | 1.47 | 1.48 | ||
£250,000+ | 1.61 | 1.62 | 1.49 | 1.50 | ||
£1m+ | 1.66 | 1.67 | 1.54 | 1.55 | ||
30+ day rate | Up to £100,000 | 1.60 | 1.61 | 1.48 | 1.49 | |
£100,000+ | 1.63 | 1.64 | 1.51 | 1.52 | ||
£250,000+ | 1.66 | 1.67 | 1.54 | 1.55 | ||
£1m+ | 1.70 | 1.71 | 1.58 | 1.59 | ||
60+ day rate | Up to £100,000 | 1.64 | 1.65 | 1.52 | 1.53 | |
£100,000+ | 1.68 | 1.69 | 1.56 | 1.57 | ||
£250,000+ | 1.71 | 1.72 | 1.59 | 1.60 | ||
£1m+ | 1.76 | 1.77 | 1.64 | 1.65 | ||
1 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.
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 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 Banking and Business Banking Customers: We'll let you know at least two months before we make the change.
- Corporate Business Customers: We’ll make the change immediately, and tell you about it once the change has been made.
What would the estimated balance be after 12 months based on a range of deposits?
Example 1 – Single deposit, no withdrawals
For the purpose of this calculation it is assumed:
- initial deposit of £1,000
- no additional deposits
- no withdrawals
- no change to the interest rates during the 12 months
- interest is paid monthly
Initial deposit | Rate type | Interest rate | Interest earned | Total balance at the end of 12 months | |
|---|---|---|---|---|---|
£1,000 | Rate for first 30 days – instant access rate | 1.45% AER | £1.18 | £1,015.21 | |
Rate for next 30 days – 30+ day rate | 1.49% AER
| £1.22 | |||
Rate for rest of the year – 60+ day rate | 1.53% AER
| £12.81 | |||
Example 2 – Single deposit, monthly withdrawals
For the purpose of this calculation it is assumed:
- initial deposit of £1,000
- no additional deposits
- £50 withdrawn every month
- no change to the interest rate during the 12 months
- interest is paid monthly
Initial deposit | Rate type | Interest rate | Interest earned | Total balance at the end of 12 months |
|---|---|---|---|---|
£1,000 | Rate for whole year – instant access rate | 1.45% AER
| £10.10 | £410.10 |
Example 3 – Single deposit with one withdrawal and one additional deposit
For the purpose of this calculation it is assumed:
- initial deposit of £1,000
- £100 withdrawn after 3 months
- £500 deposited 2 months later
- no change to the interest rates during the 12 months
- interest is paid monthly
Initial deposit | Rate type | Interest rate | Interest earned | Total balance at the end of 12 months | |
|---|---|---|---|---|---|
£1,000 | Rate for first 30 days – instant access rate | 1.45% AER
| £1.18 | £1,418.52 | |
Rate for next 30 days – 30+ day rate | 1.49% AER
| £1.22 | |||
Rate for next 30 days – 60+ day rate | 1.53% AER
| £1.25 | |||
Rate for next 30 days (after withdrawal) – 30+day rate | 1.49% AER
| £1.10 | |||
Rate for rest of year – 60+ day rate | 1.53% AER
| £13.77 | |||
Larger deposits
- If you deposit enough, you can earn more.
- If you make withdrawals, the interest rate you earn goes down.
- Based on you paying in the following deposits on day 1 and making no withdrawals or additional deposits, your estimated balance after 12 months would be as shown in the table below.
Amount deposited | Amount after 12 months | |
|---|---|---|
£100,000 | £101,559.53 | |
£250,000 | £253,972.84 | |
£1,000,000 | £1,016,390.40 | |
How do I open and manage my account?
Eligibility:
Small Business Banking and Business Banking Customers.
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 in line with the Business Money Manager Additional Conditions. No notice is required. If you take money out of your Account, your interest rate may change.
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, you’ll go back to the Instant Access Rate.
Are there any charges?
There are no monthly account fees, but cash and cheque transaction fees are applicable. Please see the Business Price List for more information.
Additional Information
This is a sterling instant access savings account and can only be used as a savings account.
Definitions:
- 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 is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
- Small Business Banking customers are typically small enterprises (including not-for-profits) with borrowing needs of up to £100k. Their everyday transactional banking products and needs wouldn’t require the support of a Relationship Manager. (Government lending schemes are subject to different limits.)
- Business Banking customers are typically small and medium sized enterprises (including not-for-profits) with product needs that require support through a dedicated Relationship Manager, who work alongside our specialist teams. Our Relationship Managers can provide transactional banking and funding solutions of over £100k (both domestically and internationally).
- Corporate Banking Customer means any business customer whose accounts are held with us in the UK, which isn’t a Small Business Banking or a Business Banking Customer.
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
Before applying, please read the following documents carefully, including the 'Your Information' section in the Business Banking Terms and Conditions.
Business Banking Terms & Conditions
Read our current terms and conditions for Business Banking
Business Money Manager (PDF, 58KB)
Additional terms and conditions for Business Money Manager
Business Banking Price List (PDF, 377KB)
Read a copy of our current price list
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.
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Apply for Business Money Manager
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 an existing HSBC business customer?
You can apply now by calling:
0800 731 8911
Lines are open 8am to 8pm Monday to Friday and 9am to 2pm Saturday. (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.
Are you new to HSBC?
Call us today on 03457 60 60 60 to arrange an appointment to speak to someone in branch
Lines are open Monday to Friday, 8:00am to 8:00pm and Saturday, 8:00am to 2:00pm (subject to change over certain periods).
