Fixed Term Deposits
HSBC Innovation Banking Fixed Term Deposits let clients spread money across one or more fixed terms. They typically pay higher interest than our instant access accounts, while still providing planned access to funds at set dates to support cash management. This account isn’t suitable if you need immediate access to your cash.
Fixed Term Deposits in detail
Our Fixed Term Deposit is designed for clients who wish to earn an enhanced rate of interest on surplus cash balances. Available in GBP, USD and EUR for deposits of 50,000 or more, you can place funds for a defined period, from 1 month up to 12 months, at a fixed rate.
The Fixed Term Deposit is ideal for clients with cash reserves in excess of their day-to-day working capital that aren’t required before the pre-agreed maturity date.
It’s a straightforward way to improve yield on balances designated for medium-term use while maintaining the stability and security of a fixed interest product.
By strategically arranging multiple Fixed Term Deposits, clients can maintain liquidity through scheduled access to funds as deposits mature. This is useful for businesses with excess cash from funding rounds and robust financial projections, helping align maturities with planned expenditure and support cash flow management.
Overview
- Phased Investment Strategy: Distribute deposits across multiple fixed terms to align maturities with forecast cash needs.
- Enhanced Liquidity: Gain scheduled access to funds at pre-selected intervals.
- Customisable Terms: Select term lengths to match your financial goals and liquidity requirements.
- Cash Management: A practical approach for businesses aiming to optimise returns on surplus funds and support effective financial planning.
Key features
- Configurable structure of terms and tiers unique to your needs
- Choose between a single blended interest rate and multiple, individual rates
- Option to reinvest maturing term deposits, fully or partially, in a new term of your choice
- Structured to support your cash flow forecast
- One application for multiple term deposits
- Available in GBP, EUR and USD
This account is not for you if you need immediate access to your cash. This is a restricted access account and your cash is not available until the maturity date.
T&Cs and other eligibility criteria apply
Key benefits
- Flexibility on number of terms and tranches
- Blended or separate rates
- Reinvest maturing Fixed Term Deposits if surplus to cash-flow needs
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