To be fair, it had been £75k for quite some time.
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Yep 
Yeah I don’t necessarily disagree with them doing it, brings it into line with other premier accounts.
I wouldn’t have qualified for it on that new total (lucky me!) but I have been a reasonably loyal customer of theirs for a few years now, and am full HSBC so the faff fear was real for a second there!
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It mustn’t be confusing at all for them having all these different criteria.
Also full HSBC (as far as current accounts go) so I did have a minor panic. I could do it, if necessary, but it would mean getting a much lower interest rate on ISAs that I have elsewhere.
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Also noticed you still can’t apply for a premier world elite credit card yet. Wonder what other improvements they’re making to the whole premier offering.
Premier World Elite applications will resume later this month, with the higher annual fee and 50% more reward points per £1 spent.
There are more changes coming to Premier later this year as well. I’ve heard one of them is the removal of foreign spend fees on Premier Debit/Credit cards. This hasn’t been announced though, so take with a pinch of salt.
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This has been on the media for a few months now. Nothing official out of HSBC though.
At the same time, a few weeks ago Metro Bank introduced a 2.99% fee on all overseas debit card transactions.
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Introduced? When everyone else seems to be phasing them out… They really do seem to be in a rather precarious position.
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Yes, my apologies for not pointing it out that it’s for new customers only. Quite nice that people don’t need to meet the new requirement. Sadly, I won’t be reaching the new requirement for another 8-10 years.
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I just wish they would improve upon the insurance offering slightly for cruise holidays. Cruising involves some additional risks that need to be covered specifically, for example missing a port departure, with the intention to re-join the cruise at the next port of call.
HSBC confirmed this would not be covered.
The HSBC Premier travel insurance does seem decent for traditional type holidays though. It’s just a shame we’ve discovered cruising 
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HSBC have increased the rate on their Regular Saver account to 7%
Not sure if it applies to existing account holders or only accounts opened from today…
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Existing ones are fixed rate, still says 5%, and the website won’t let you open another one. Boooo.
You can close the existing regular saver and open a new one.
Of course, if you do so - you get a lower interest rate on the one you closed early but I’m sure someone with sufficient excel skills can work out whether this is beneficial or not (the less time the 5% one has been open, the more you benefit)
I asked HSBC chat and they said that the rate will update soon for everyone who already has a regular saver.
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I also contacted them, and they said it wouldn’t. Unsurprising lack of clarity from HSBC
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Last time HSBC increased their regular saver interest rate (in December 2022) they applied it to existing accounts as well - regardless of the fact that it is meant to be a fixed rate product.
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On this - the Premier savings is largely to me a waste of time. I have the Loyalty ISA which if you’re a premier customer gets 3.25% and is sticking at that even post October.
Why, when you can get 5% from trading 212 and the ISA is fully protected.