Why choose a Foreign Currency Term Deposit account?

A Foreign Currency Term Deposit account offers you the certainty of a fixed rate that can be fixed from 30 days to 12 months.

 

There is no maximum Term Deposit amount, however minimum amounts apply. If no re-investment instructions have been received HSBC will auto roll the Term Deposit for the same period, at the prevailing rate for that day.

 

Please refer to our fees and charges (PDF, 184 KB) guide for full details.

  • Have the certainty of a fixed interest rate
  • An HSBC Foreign Currency Term Deposit is available in major foreign currencies including US and Hong Kong dollars, British pounds and Chinese Yuan
  • Choose from a range of terms from 1, 2, 3, 6 or 12 months
If you withdraw any funds at any time before the maturity date, a reduction to the interest and an administration fee of AUD$30 will apply.

Rates & Fees:

  • No establishment or ongoing fees
  • $30 early withdrawal fee

 

Ways to open:

Online, Branch

Minimum Deposit Amount

Minimum deposit amounts for the Foreign Currency Term Deposit account

Currency

Opening Deposit

Hong Kong Dollars (HKD)

40,000

United States Dollars (USD)

5,000

Great Britain Pound Sterling (GBP)

3,000

Euro (EUR)

6,000

Canadian Dollars (CAD)

6,000

Japanese Yen (JPY)

500,000

Singapore Dollars (SGD)

6,000

New Zealand Dollars (NZD)

 $10,000

Chinese Yuan Renminbi (CNY) (currency restrictions apply)

50,000

Interest Rates1

Interest rates for foreign currencies

Currency & Term

Tier 1 Amount & Rate

Tier 2 Amount & Rate

Tier 3 Amount & Rate

Tier 4 Amount & Rate

USD

$5,000 to $49,999

$50,000 to $99,999

$100,000 to $249,999

$250,000 +

1 month

0.45% p.a.

0.45% p.a.

0.45% p.a.

0.45% p.a.

2 months

0.45% p.a.

0.45% p.a.

0.45% p.a.

0.45% p.a.

3 months

0.55% p.a.

0.55% p.a.

0.55% p.a.

0.55% p.a.

6 months

0.55% p.a.

0.55% p.a.

0.55% p.a.

0.55% p.a.

9 months

0.60% p.a.

0.60% p.a.

0.60% p.a.

0.60% p.a.

12 months

0.65% p.a.

0.65% p.a.

0.65% p.a.

0.65% p.a.

GBP

£3,000 +

 

 

 

1 month

0.01% p.a.

 

 

 

2 months

0.01% p.a.

 

 

 

3 months

0.01% p.a.

 

 

 

6 months

0.09% p.a.

 

 

 

9 months

0.22% p.a.

 

 

 

12 months

0.25% p.a.

 

 

 

EUR

€6,000 +

 

 

 

1 month

0.00% p.a.

 

 

 

2 months

0.00% p.a.

 

 

 

3 months

0.00% p.a.

 

 

 

6 months

0.00% p.a.

 

 

 

9 months

0.00% p.a.

 

 

 

12 months

0.00% p.a.

 

 

 

HKD

$40,000 to $299,999

$300,000 to $599,999

$600,000 to $999,999

$1,000,000 +

1 month

0.01% p.a.

0.01% p.a.

0.01% p.a.

0.05% p.a.

2 months

0.01% p.a.

0.02% p.a.

0.07% p.a.

0.12% p.a.

3 months

0.01% p.a.

0.05% p.a.

0.10% p.a.

0.15% p.a.

6 months

0.16% p.a.

0.21% p.a.

0.26% p.a.

0.31% p.a.

9 months

0.32% p.a.

0.37% p.a.

0.42% p.a.

0.47% p.a.

12 months

0.47% p.a.

0.52% p.a.

0.57% p.a.

0.62% p.a.

CAD

$6,000 +

 

 

 

1 month

0.40% p.a.

 

 

 

2 months

0.50% p.a.

 

 

 

3 months

0.55% p.a.

 

 

 

6 months

0.65% p.a.

 

 

 

9 months

0.75% p.a.

 

 

 

12 months

0.85% p.a.

 

 

 

JPY

¥500,000 +

 

 

 

1 month

0.00% p.a.

 

 

 

2 months

0.00% p.a.

 

 

 

3 months

0.00% p.a.

 

 

 

6 months

0.00% p.a.

 

 

 

9 months

0.00% p.a.

 

 

 

12 months

0.00% p.a.

 

 

 

NZD

$10,000 +

 

 

 

1 month

0.70% p.a.

 

 

 

2 months

0.75% p.a.

 

 

 

3 months

0.75% p.a.

 

 

 

6 months

0.75% p.a.

 

 

 

9 months

0.70% p.a.

 

 

 

12 months

0.55% p.a.

 

 

 

SGD

$6,000 +

 

 

 
1 month
 0.01% p.a.
      
2 months
 0.01% p.a.
      
3 months
 0.01% p.a.
      
6 months
 0.01% p.a.
      

9 months

0.01% p.a.

 

 

 

12 months

0.01% p.a.

 

 

 

CNY

¥50,000 - ¥349,999

¥350,000 - ¥699,999

¥700,000 - ¥1,699,999

¥1,700,000 +

1 month

0.58% p.a.

0.88% p.a.

0.88% p.a.

0.88% p.a.

2 months

0.58% p.a.

0.88% p.a.

0.88% p.a.

0.88% p.a.

3 months

0.78% p.a.

1.08% p.a.

1.08% p.a.

1.08% p.a.

6 months

1.18% p.a.

1.18% p.a.

1.18% p.a.

1.18% p.a.

9 months

0.88% p.a.

1.18% p.a.

1.18% p.a.

1.18% p.a.

12 months

1.28% p.a.

1.38% p.a.

1.38% p.a.

1.38% p.a.

Apply for a Foreign Currency Term Deposit Account

Already a HSBC customer?

Existing HSBC Australia customers with Online Banking.

Apply by phone or branch 

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Terms & Conditions 

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Other fees and charges (PDF, 184 KB) may apply. This advertisement provides general advice only and doesn't take into account your objectives, financial situation or needs. Consider theProduct Disclosure Statement (PDS) and Financial Services Guide (FSG) (PDF, 487 KB)before acquiring this product, available by calling1300 308 008, at your local branch or www.hsbc.com.au. Issued by HSBC Bank Australia Limited ABN 48 006 434 162. AFSL 232595.

1 Interest rates current as at 2 September 2019 and subject to change.