Whether you decide to go with HSBC for your business savings account or another provider, there are a number of things you will need to give some thought to.
Firstly, the choice between a ‘no notice’ (or easy access) account and a notice one is of central importance. If you choose a notice account and try to make what is termed an ‘unscheduled’ withdrawal, you are likely to be subject to some form of penalty. This could take the form of a loss of interest for a set period of time.
Secondly, you should be mindful of whether or not the interest rates you are offered when taking up a certain business savings account are permanent, or are just an introductory offer.
If you need to shop around for a new deal, the comparison tables on this page can help you.