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Internet Banking
Compare Bank Savings Accounts
Whether you're saving for the future or something fun, here are some savings accounts to help you reach your goals. Compare and find the best account for your needs.
Savings and Everyday
| Bank Account Description | High interest online savings account that pays a high rate of interest+ for every month you don't make a withdrawal. | Everyday bank account with a high interest rate+ on savings and ATM access. Plus banking options within Australiaø with no charge. Best suited to people seeking a transaction bank account with competitive interest rates. | Offers all the features of an everyday bank account including branch banking, plus interest+ on your savings. | A bank account that offers you higher interest rates.+ Best suited to occasional transactors. Available in AUD and other major foreign currencies. | Pays a fixed interest rate+ for a set term. A choice of terms and interest payment frequencies are available. |
| Suitable for regular savings / investment | Yes | Yes | Yes | Yes | Yes |
| Access comparison^^ | Internet and Phone Banking only | ATM, EFTPOS, Internet and Phone Banking, Bank Branch, BPAY®, Bank@POST™†, Cheque, HSBC Visa Debit Card | Cheque, ATM, EFTPOS, Internet and Phone Banking, Bank Branch, BPAY®, Bank@POST™†, HSBC Visa Debit Card. | Accounts in AUD: Bank Branch, Internet and Phone Banking, BPAY®, Bank@POST™†, Cheque, ATM, EFTPOS, HSBC Visa Debit Card. Accounts in other currencies^: Branch, Phone Banking |
Bank Branch, Internet and Phone Banking |
| Interest calculated | Daily | Daily | Daily | Daily | Daily |
| Interest paid | Monthly in arrears. No interest is payable in any month where a customer has made a withdrawal or closed their account. Interest paid on balances of up to AUD1,000,000. | Monthly in arrears | Monthly in arrears | Monthly in arrears*** | Monthly, quarterly or at maturity for terms of 12 months or less Monthly, quarterly or annually for terms greater than 12 months |
| Free Transactions per month | Unlimited | Unlimited ATM transactions at over 1,800 HSBC and Westpac branded1 ATMs nationwide, EFTPOS, direct credits and debits, BPAY®, cash and cheque deposits, at Australia Post, Internet and Phone banking. Note: Fee applies for Branch Banking |
•6 ATM withdrawals1 and EFTPOS transactions (within Australia) •6 Automated telephone banking, Personal Internet Banking, BPAY® via Automated telephone banking and Personal Internet Banking •4 Cheque withdrawals and all branch debit transactions eg staff assisted Telephone Banking |
•3 ATM withdrawals1 and EFTPOS transactions (within Australia) •3 Automated telephone banking, Personal Internet Banking, BPAY® via Automated telephone banking and Personal Internet Banking •3 Cheque withdrawals and all branch debit transactions eg staff assisted Telephone Banking |
Not applicable |
| Minimum term of investment | None | None | None | None | 1 month |
| Minimum opening deposit | None | $2,000 | $1,000 | $10,000** Varies for other currencies | $5,000 Varies for other currencies |
| Withdrawal notice required | Not required | Not required | Not required | Not required | Not required at maturity# |
| Bank Statement | Quarterly | Monthly or Quarterly | Monthly or Quarterly or Half yearly | Monthly or Quarterly or Half yearly | Not applicable |
| Monthly Fee | $0 | $0 | $7.50 | CMA $10.00 PowerVantage CMA $20.00 Premier CMA $35.00 |
$0 |
| Serious Saver | Online Savings## | Savings Cheque | Cash Management | Term Deposit | |
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Important Information
† HSBC ATM Card required
*Including PowerVantage Cash Management Account and HSBC Premier Cash Management Account
**Minimum opening deposit for PowerVantage and HSBC Premier Cash Management Account is $1
***Interest credited quarterly in arrears for PowerVantage Cash Management Account and HSBC Premier Cash Management Account
#Withdrawal prior to maturity and will result in a reduced rate of interest on the whole amount
##Only Australian Dollars may be deposited to or withdrawn from these Accounts
^Not available with PowerVantage Cash Management Account and HSBC Premier Cash Management Account
^^ Please see your Internet Banking Product Disclosure Statement for further details
+ Interest rates vary per product and are subject to change.
1ATM Operator Fees may apply to non-HSBC and non-Westpac ATM transactions. This does not include St George ATMs. Please refer to the Personal Financial Services Charges - your guide for more information.
ø Other fees and charges apply.
® BPAY is a registered trademark BPAY Pty ABN 69 079 137 518
™ Bank@Post is a trademark of The Australian Post Corporation ABN 28 864 970 579
