HSBC UK is urging customers to move £500 into a new bank account - amid the prospect of HUGE interest . HSBC is reminding customers to use your tax-free ISA allowance and fix the interest you earn for up to 13 months.

Apply for your account today to fix your interest rate, and save up to £20,000 tax-free this tax year. You can open your account by paying or transferring in a minimum of £500 and get a fixed rate of interest for the duration of the term.

To apply, you must be 18+ and have an HSBC UK Current Account. The interest rate is 4.00% AER (4.00% tax-free). HSBC UK advises: "We calculate interest daily and credit this at the end of the fixed term.

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"Interest starts to accrue as soon as the fi

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