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Bonus Savings Account

The account that rewards you when you save each month.

The account for smart savers

With an HSBC Bonus Savings Account, you’ll earn extra interest when you save $300 every month[@Accounts-300-higher-bonus-interest]. Open accounts for each of your goals – whether that’s saving for a deposit, new car, or holiday. Plus, there’s no minimum balance or monthly account fee. 

What you'll get with an HSBC Bonus Savings Account

Earn more when you save more

Enjoy our 4.00% p.a. monthly bonus interest rate when your account balance goes up by $300 each month.

Grow your savings every month

You'll still earn our competitive 1.75% p.a. standard variable interest rate if you happen to miss out on the bonus rate.

Open separate accounts

Personalise your savings by opening multiple accounts for each of your goals – you can also rename each account via online or mobile banking to keep track of them.

Save in up to 10 foreign currencies

Get ready for your next trip abroad with a Foreign Currency Bonus Savings Account – find out more.

Interest rates

Find out what you'll earn on your money with a Bonus Savings Account.
Rate Interest
Interest rate (including the 2.25% p.a. monthly bonus variable rate) 4.00% p.a.
Standard variable rate 1.75% p.a.
Find out what you'll earn on your money with a Bonus Savings Account.
Rate Interest rate (including the 2.25% p.a. monthly bonus variable rate)
Interest 4.00% p.a.
Rate Standard variable rate
Interest 1.75% p.a.

Rates as of 10 March 2025. Monthly bonus and variable rates are subject to change.

See how much you'll save

With our Savings Goal Calculator, you can find out how much you can save based on the amount of money you save each month and your interest rate. You can also work out how long it'll take you to reach your savings goals.

What you need to know

Are you eligible?

To apply for an HBSC Bonus Savings Account, you'll need to:

  • Be at least 16 years old
  • Have a passport or an Australian driver's licence
  • Have an Australian residential address

Good to know 

Ready to get started?

New to HSBC?

If you've never banked with us before, you can apply online for an HSBC Bonus Savings Account in 5 easy steps. We recommend using the latest version of Chrome or Safari to do so.

Existing HSBC customer

If you already bank with us, you can apply via HSBC Online Banking.

Other ways to apply 

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Easy banking at home and overseas with an all-in-one, award-winning account.

A straightforward way to get your savings going.
Earn a fixed rate for a fixed term.

Important information

This advertisement provides general advice only and doesn't take into account your objectives, financial situations, or needs. Please check the Transaction and Savings Accounts Terms and Conditions (PDF, 1.9MB) and Financial Services Guide (PDF, 894KB) before you get this product. You can also get this information by calling us on 1300 308 008, visiting your local branch, or going to www.hsbc.com.au. Issued by HSBC Bank Australia Limited ABN 48 006 434 162. AFSL 232595. See Target Market Determinations for our products.