Complete an account switch to HSBC and you could earn £150 within two months.
You may remember that last November I drew your attention to the fact that TSB was offering £100 if you switched your current account to them. Unfortunately, that was a limited time offer that expired at the beginning of December, but luckily HSBC is offering you twice that amount!
Now, consider that the Bank of England interest rate currently stands at 0.75%. If you were to open a savings account with the same level of interest, you would need £37k to earn £150 in one year. I don’t know about you, but I don’t have that kind of money!
If you have not been a current account holder with HSBC since 1st January 2015, switch your existing account (which must have at least two direct debits or standing orders) to HSBC and within 30 days you will receive £150.
Another major benefit of an account switch to HSBC means that you receive £250 off booking fees from the HSBC standard mortgage range. You’ll find that HSBC offers some of the most competitive mortgage rates. You will also have access to the HSBC regular saver which offers up to 5% interest for a year.
One potential downside though…
In my experience, HSBC can be a little more choosy than other banks to whom they offer their Premier accounts too. Last year, my wife applied for a similar offer. Even though she just met the income requirements, she was only offered the basic account. And this wasn’t much help as it didn’t come with the switching bonus.
So the question is, what are you waiting for? Start your account switch to HSBC now or find out more. It only takes 10 minutes.
This offer currently has no end date, so it could be pulled at any time. Take advantage of it as soon as you can. They aren’t one of the banks that always offer these incentives, so get it while it’s hot!
Take a look at my guide to switching banks if you want to know more.