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HSBC Bonus Savings Account

Saving for a rainy day?

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
  • Maximum balance is AUD $5m
  • 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
  • 4.25% p.a. interest rate including Monthly Bonus (variable) of 2.25% p.a.1
  • 2.00% 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

Try these quick tips to help 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


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

Fees and charges for the HSBC Bonus Savings account

Monthly account fee


Online Banking (Fees apply for some services)


Branch withdrawals and transfers in AUD$


Phone Banking


HSBC Bonus Savings account Interest Rate on balances up to AUD$5,000,000

Rate including Monthly Bonus (variable) of 2.25
% p.a.1

4.25% p.a.1

Standard variable rate

2.00% p.a.1

Monthly Bonus is valid as of 1
21 February 2024
Variable rates current as of 1
21 February 2024
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

If you need additional support with your application, please call us on 1300 131 605 (Monday to Friday, 8:00am to 8:00pm AEST) or visit your local branch.

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  1. 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.

Other banking services fees and charges may apply. Please refer to the Personal Banking Booklet (PDF, 1.50 MB). This advertisement provides general advice only and doesn't take into account your objectives, financial situation or needs. Consider the Transaction and Savings Accounts Terms (PDF, 1.10 MB) and Financial Services Guide (PDF, 906 KB) before acquiring this product, available by calling 1300 308 008, at your local branch or Issued by HSBC Bank Australia Limited ABN 48 006 434 162. AFSL 232595.