With the current low interest rates out there, it's harder to get a good return on your savings. But there are ways to improve your returns, and earn significantly more than the standard rate. Here's how.
A lot of people do research to find the bank or account that offers the best interest rate, but then stop thinking about it once they've deposited the money. But we offer some interesting options that can help you earn more.
Bump up your savings commitments
In addition to FX trading, you really can use your HSBC Everyday Global Account as your regular everyday Australian bank account. And thanks to Everyday Extras1 you could save even more: deposit $2,000 or more into your Everyday Global Account each month, and you'll earn cashback on your regular spending.
Earn 2% cashback on tap and pay under $100
Imagine earning cashback on your everyday purchases like groceries or petrol. You could receive up to $50 cashback2 each month when you tap and pay with Visa payWave, Google PayTM or Apple Pay3 for eligible purchase under $100.
Saving in foreign currency
The Everyday Global Account offers a lot of flexibility, but it doesn't pay interest on any of the balances. However, if the appeal of moving your money into foreign currency is working for you, then you can earn interest on what you save with the HSBC Foreign Currency Bonus Savings Account. It allows you to save the same 10 different foreign currencies as the HSBC Everyday Global Account, but pays a different interest rate for each of them. You can see the different interest rates paid on those currencies.
Again, there are no account keeping fees. There is no minimum ongoing balance needed. And you can take advantage of the Real Time foreign currency exchange rates4
Saving in Australian Dollars
Your new view on saving
Has this given you some new food for thought about how to save? After all, saving in, or even just holding foreign currencies is a slightly different approach to gaining a return on your money. What may have been perceived as complicated before, is now straightforward with the award-winning HSBC Everyday Global Account. Couple this with some innovative savings accounts, and there really is a new way to think about the age-old problem of getting returns on your money.