Term Deposit Accounts

HSBC Bank's Term Deposit Account

A Term Deposit Account is a great option if you have cash to invest, as it offers an interest rate that's generally higher than a normal savings account.

• You need a minimum of AUD5,000 to invest.
• A choice of terms from 1-11 months, 15-18 months and 1-5    years
• Guaranteed income stream
• As a local subsidiary of the HSBC Group, HSBC Bank Australia Limited is eligible for the Australian Government's guarantee.

Open an AUD Term Deposit Account online and you'll earn a bonus 0.05% p.a. in interest

To open an online term deposit account, you must be:

• An existing HSBC Bank customer
• Registered for Personal Internet Banking

Remember, with a Term Deposit Account your money is locked in for a fixed term^* and therefore, you should only invest money that will not be required for that period of time.

Term Deposit Interest

HSBC offers competitive interest rates and as such, are subject to change. You can even choose the frequency that interest is to be credited. Term Deposit interest can be paid:

• Monthly, quarterly or at maturity for Term Deposits of 12 months or less
• Monthly, quarterly or annually for Term Deposits greater than 12 months

Term Deposit Interest can be:

• Re-invested at maturity
• Paid by bank cheque
• Credited to a nominated account

Opening a Term Deposit Account

• Visit your local HSBC branch
• Complete an application form and a Verify your Identity (S21) form and send it to us.
• Call us on 1300 308 880

Call 1300 308 880 (Monday to Friday, 8am to 8pm)