Managing Your Business

Clients Deposit Account

Apply for our Clients Deposit Account service
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Safeguard your clients’ deposits or funds in a separate or pooled account.

At a glance

  • Designed for regulated professionals to hold clients' money
  • The more that’s in your account, the more interest you earn. Interest paid monthly
  • Optional cheque book and paying in book facilities
  • No monthly fees, but transaction fees are applicable. Please see the Business Price List for more information
  • Instant access to clients' money
  • HSBC current account not required


Access to specialised service and support for professionals

Save time if you’re a solicitor, accountant or insolvency practitioner by applying through our Client Deposit Account Portal online


Account Name: Clients Deposit Account

What is the interest rate?

The applicable credit interest rates are as follows:


Rates effective from 05.09.2023


Gross %


Clients Deposit Account
Monthly interest
Up to £25,000


















Credit interest is calculated on a daily basis and paid monthly.

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

Interest rate

Total balance at the end of 12 months


1.94% AER (1.92% Gross)


Example 2 – Larger deposits

If you deposit enough, you can earn more. 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 follows:

Amount deposited

Amount after 12 months











But if you make withdrawals, the interest rate you earn goes down

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

How to open the account:

Open your first Clients Deposit Account by contacting your Relationship Manager or making an appointment with a Business Specialist on 03457 60 60 60. You can open additional Clients Deposit Accounts through Business Internet Banking. If you’re a solicitor, accountant or insolvency practitioner you do it through our online Clients Deposit Account Portal, through your Relationship Manager or in branch.

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 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 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 customers are any business customer whose accounts are held with us in the UK, which isn’t a Small Business Banking or a Business Banking Customer.

Ongoing service and support

HSBC Relationship Managed customers 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.

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 and Conditions (PDF, 2.07MB)

Read our current business banking terms

Clients Deposit Account Terms (PDF, 53KB)

Read the additional terms for our Clients Deposit Account Additional Conditions

Business Banking Price List (PDF, 377KB)

Read our business banking price list

Apply for our Clients Deposit Account

Opening your first Clients Deposit Account?

Are you a solicitor, accountant, real estate agent, or any other eligible regulated professional and looking to open your first Clients Deposit account?

There are a couple of ways to find out if you’re eligible:

If you use Business Internet Banking, you can do it online. You answer a set of questions that confirm your eligibility, and the details are sent directly to us.

  • To find out if you’re eligible, you’ll need to log on to Business Internet Banking and go to Products & Services > Savings
  • If you’re not registered for Business Internet Banking and would like talk to someone about this account, contact us using the ‘Need help’ tab on the right-hand side of this page
  • Alternatively, please register for Business Internet Banking

Opening additional Clients Deposit Accounts?

Are you a solicitor, account or insolvency practitioner, apply via the Clients Deposit Account Portal or via Business Internet Banking

If you’re not registered for this, register today here

Real estate agent or any other regulated professional, apply via Business Internet Banking

Once you’re registered, to open a new Clients Deposit Account select 'Apply now' and enter your details, then you can complete and submit the application form.

If you already have one or more Clients Deposit Accounts:

  • Please apply via Business Internet Banking
  • Please contact your Relationship Manager
  • If you don’t have a Relationship Manager, contact us using the ‘Need help’ tab on the right-hand side of the page, and we’ll book an appointment for you


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