HSBC UK is offering students a free £100 boost – but the offer ends soon
HSBC UK is offering students a cash boost
PA
HSBC UK is offering new and existing customers who are students the chance to get a £100 boost.
Time is running out to apply, however, as the offer ends on December 29, 2023.
The bank is giving a switching incentive to people who open or upgrade to an HSBC Student Bank Account.
On top of that, they’ll get a one-year subscription to Headspace.
HSBC UK is giving students £100 and a one-year subscription to Headspace
PA
To qualify, the customer will need to make a minimum of five qualifying transactions using the HSBC debit card linked to the account within 30 days of opening or upgrading.
The offer is available to new and existing customers who have been accepted onto a qualifying course.
Eligibility criteria apply, for instance customers must be a student, aged 18+, and have been a resident in the UK, Channel Islands or Isle of Man for the last three years.
Furthermore, they must currently live in the UK, be starting their first year of study on a qualifying course in the UK in 2023 and not have been an existing HSBC Student Bank Account holder on or after July 1, 2020.
HSBC Student Bank Account holders can access the bank’s Regular Saver which currently pays an interest rate of five per cent AER/gross.
With this regular savings account, savers can deposit between £25 and £250 a month for a fixed 12-month term.
Withdrawal restrictions do apply to this account.
GB News has compiled a round-up of the highest-paying interest rates for regular savings accounts right now.
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For people who aren't students, there are a number of other current account switch incentives available at the moment which they could potentially be eligible for.
Nationwide is currently offering a free £200 and an eight per cent interest rate on its regular savings account.
Meanwhile, first direct is paying eligible customers £175 if they switch.