HSBC passes on full base rate increase to savers

HSBC continues to dominate the online savings market with a further increase to its popular Online Saver offer, up 0.25 per cent to 6.25 per cent from 3 August.

HSBC’s existing savings customers will also benefit from the Monetary Policy Committee’s July base rate rise, with the bank passing on the full 0.25 per cent increase to its Flexible Saver, Cash Mini ISA, standard Online Saver, HSBC Premier Savings and children’s savings accounts from 3 August 2007.