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A smiling woman using laptop and sitting on the table; image used for HSBC Australia Your HSBC guide on how to save money.

Your HSBC guide on how to save money

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

Leaving your savings sitting in your everyday transaction account can make it too easy to spend. One great way to ensure you meet your savings goal is to set up a designated savings account to help build up your savings. You can compare all of the savings accounts offered by HSBC here to see which one is right for you.

An HSBC Bonus Savings account may be a good option here, as you'll receive the Monthly Bonus5 every month your balance is $300 more than the previous month (excluding interest paid from the previous month). To make it easier, you can even set up a regular payment to automatically send a percentage of your salary each month. It's a good step towards your savings goal.

Looking for more returns?

If you are looking to save in Australian Dollars, then the HSBC Everyday Savings Account could be the account for you. The introductory rate is only available for a limited time, so take a look at how much you could earn here

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.

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Important information

  1. HSBC Everyday Extras is a feature of the HSBC Everyday Global Account. You will be eligible for Everyday Extras if you deposit at least AUD2,000 into your HSBC Everyday Global Account before the last working day of each calendar month. For more information refer to the Transaction and Savings Accounts Terms.
  2. You will earn 2% cashback on eligible purchases under $100 when you tap and pay with Visa payWave, Apple Pay or Google Pay™. This will be paid into your Everyday Global Account with the maximum cashback you can earn being $50 per calendar month. Eligible purchases must be made in Australian Dollars and where the merchant or its financial institution/ payment processor is registered in Australia. Purchases which are excluded for cashback include business, gambling and government transactions (including public transport). For the full exclusion list, refer to the Transaction and Savings Account Terms.
  3. Terms and conditions apply to the use of Apple Pay and Google Pay.
  4. HSBC Real Time Exchange Rates will apply for AUD, USD, EUR, GBP, CNY, HKD, CAD, NZD, JPY, CHF, SGD, AED, DKK, MXN, NOK, SAR, SEK, THB and ZAR when using HSBC Online or Mobile Banking for transfer between HSBC Australia accounts and international transfers within currency cut-off times.

    HSBC Real Time Exchange Rates will apply when the foreign exchange (FX) market is open. When the FX market is closed on weekends (that is from the US market closing time on Friday to the Asia market opening time on Monday), the HSBC real time exchange rate is priced off the exchange rate applying at the time the US market closed plus an additional weekend margin.

    The HSBC Real Time Exchange Rate will not apply on currency holidays, on NSW and US public holidays, to transfers in currencies not listed above and to transfers outside of HSBC Australia entered after currency cut-off times. Instead, the HSBC Daily Exchange, which is set and refreshed every 30 minutes daily from 7:00 AM to 7:00 PM (excluding weekends and NSW public holidays) will apply.

    For future dated transactions via HSBC Online or Mobile Banking, the HSBC Daily Exchange Rate on the future date of the transaction will apply.

    HSBC Real Time Exchange Rates will apply for Global Transfers between your HSBC Accounts. For transfers in unsupported currencies using Global Transfers, the receiving country's daily exchange rate will apply and currency cut-off times of the receiving country may also apply. For future dated transactions using Global Transfers, the HSBC Real Time Exchange Rate on the future date of the transaction will apply when the FX market is open.

    Transfer and correspondent banking fees may apply for transfers outside of HSBC Australia.

    FX transactions are subject to foreign exchange risk associated with exchange rate movements. HSBC accounts should not be used for speculative FX purposes.
  5. No interest is incurred on the portion of balances over AUD $5,000,000 or equivalent. Ensure that on the last business day of the month, your closing balance is at least $300 higher (excluding interest) than the opening balance on the first business day of that month. Both the monthly Bonus rate and the base rate are variable and are subject to change. Current rates can be viewed by visiting Monthly Bonus rate applies for the month the eligibility criteria is met, calculated from the first business day of that month. Interest is calculated daily on the total balance and paid monthly, on the first business day of the following month.

The HSBC Everyday Global Account was awarded the Canstar Bank of the Year – Everyday Banking 2020 & 2021 award and the 5-Star Rating for Outstanding Value – Transaction Account 2020 & 2021, Mozo's Exceptional Everyday Account Award 2021 & 2022 and the Finder Award for Best Transaction Account 2020 & 2021.

This advertisement provides general advice only and doesn't take into account your objectives, financial services or needs. You should consider these matters and read the relevant Product Disclosure Statement (PDS) and Financial Service Guide (FSG) before you make a decision and consider whether the product is appropriate for you. A copy of the PDS is available at, by visiting a branch or calling is on 1300 308 008 for personal banking. Issued by HSBC Bank Australia Limited ABN 48 006 434 162. AFSL and Australian credit licence 232595.