Managing Your Business

Business Money Manager

Enquire about a Business Money Manager Account

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	Term	Amount	Effective until 27 January 2025		Effective from 28 January 2025
Product	Term	Amount	Gross%	AER%	Gross%	AER%
Business Money Manager Monthly Interest	Instant Access	Up to £100,000	1.80	1.81	1.68	1.69
		£100,000+	1.83	1.85	1.71	1.72
		£250,000+	1.85	1.87	1.73	1.74
		£1m+	1.90	1.92	1.78	1.79
	30+ day rate	Up to £100,000	1.84	1.86	1.72	1.73
		£100,000+	1.87	1.89	1.75	1.76
		£250,000+	1.90	1.92	1.78	1.79
		£1m+	1.94	1.96	1.82	1.84
	60+ day rate	Up to £100,000	1.88	1.90	1.76	1.77
		£100,000+	1.92	1.94	1.80	1.81
		£250,000+	1.95	1.97	1.83	1.85
		£1m+	2.00	2.02	1.88	1.90
Business Money Manager Quarterly Interest	Instant Access	Up to £100,000	1.80	1.81	1.68	1.69
		£100,000+	1.83	1.85	1.71	1.72
		£250,000+	1.85	1.87	1.73	1.74
		£1m+	1.90	1.92	1.78	1.79
	30+ day rate	Up to £100,000	1.84	1.86	1.72	1.73
		£100,000+	1.87	1.89	1.75	1.76
		£250,000+	1.90	1.92	1.78	1.79
		£1m+	1.94	1.96	1.82	1.84
	60+ day rate	Up to £100,000	1.88	1.90	1.76	1.77
		£100,000+	1.92	1.94	1.80	1.81
		£250,000+	1.95	1.97	1.83	1.85
		£1m+	2.00	2.02	1.88	1.90

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.

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	1.81% AER (1.80% Gross)	£1.48	£1,018.85
	Rate for next 30 days – 30+ day rate	1.86 AER (1.84% Gross)	£1.51
	Rate for rest of the year – 60+ day rate	1.90% AER (1.88% Gross)	£15.91

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	1.81% AER (1.80% Gross)	£12.67	£412.67

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	1.81% AER (1.80% Gross)	£1.48	£1,422.97
	Rate for next 30 days – 30+ day rate	1.86% AER (1.84% Gross)	£1.51
	Rate for next 30 days – 60+ day rate	1.90% AER (1.88% Gross)	£1.55
	Rate for next 30 days (after withdrawal) – 30+day rate	1.95% AER (1.93% Gross)	£1.37
	Rate for rest of year – 60+ day rate	1.90% AER (1.88% Gross)	£17.06

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
£100,000	£101,925.28	But if you make withdrawals, the interest rate you earn goes down
£250,000	£254,887.46
£1,000,000	£1,020,050.49

Additional Information

Eligibility:

Small Business Banking and Business Banking Customers.

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.
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 Channel Islands or Isle of Man, 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.

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Apply for Business Money Manager

Are you an existing HSBC business customer?

Please fill out the enquiry form and a member of our team will be in touch.

Are you new to HSBC?

Please fill out the account opening form and a member of our team will be in touch.

Business Money Manager

At a glance

Key benefits

Summary box

Account Name: Business money manager

What is the interest rate

Can the Bank change the interest rate?

What would the estimated balance be after 12 months based on a range of deposits?

Additional Information

How the interest works

Important information

HSBC Business Banking Terms and Conditions (PDF, 1.8MB)