Why choose an HSBC Bonus Savings Account?
Saving just got more flexible and more rewarding with a Monthly Bonus rate
-
Earn more with interest calculated daily and paid monthly
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Maximum balance is AUD $5m
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No minimum balance required. Bonus interest is paid only when the balance increases by $300 or more per month (not including interest payments)
Other fees and charges may apply. See our Personal Banking Booklet (PDF, 1.50 MB).
Rates & Fees:
- $0 Monthly account fee
- 0.25% p.a. interest rate including Monthly Bonus (variable) of 0.20% p.a.1
- 0.05% p.a. standard variable rate1
Ways to open:
Online, Branch, Phone
Features & Benefits
Monthly Bonus
To receive the Monthly Bonus, simply:
- Ensure that on the last business day of the month, your balance is at least $300 higher (excluding interest) than the opening balance on the first business day of that month
- Where eligibility has been established during the month, the bonus interest will be calculated daily on the account from the first working day of that month1
- Interest is calculated daily and paid monthly, eligible on balances up to AUD$5 million
If you miss out on receiving your Monthly Bonus you'll still receive the competitive standard variable rate. The Monthly Bonus resets every month so you'll have the opportunity to qualify again during the following month.
Build your savings
- Set up direct credits from your transaction account straight into your HSBC Bonus Savings to help build your savings
- Open multiple accounts to save for different goals, you can even rename them online through Online Banking
- Interest is calculated daily and paid monthly
Statements
You'll automatically receive a statement every 6 months or you can request monthly or quarterly statements.
Switch to e-Statements and e-Notifications for convenient access to your statements and account notifications via Online Banking. Switch to paperless today via Online Banking.
Account Fees and Charges
Monthly account fee |
$0 |
---|---|
Online Banking (Fees apply for some services) |
$0 |
Branch withdrawals and transfers in AUD$ |
$0 |
Phone Banking |
$0 |
HSBC Bonus Savings account Interest Rate on balances up to AUD$5,000,000 |
|
Rate including Monthly Bonus (variable) of 0.20 |
0.25% p.a.1 |
Standard variable rate |
0.05% p.a.1 |
Monthly Bonus is valid as of 1 |
22 February 2021 |
Variable rates current as of 1 |
22 February 2021 |
1 Monthly Bonus and variable rate are subject to change. No interest is incurred on balances over AUD$5 million. |
Apply for an HSBC Bonus Savings Account
New to HSBC?
Complete your application online today.
Already an HSBC customer?
Apply using the Mobile Banking App or Online Banking.
Not registered for Online Banking? Register now.
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