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Coins, banknotes and newspaper; image used for HSBC Australia foreign currency term deposits.

Foreign Currency Term Deposit

Choose from a range of terms with availability in major foreign currencies including US and Hong Kong dollars, British pounds and Chinese Yuan.

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 Transaction and Savings Accounts Terms (PDF, 1.10 MB) 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:

  • $0 establishment and ongoing fees
  • $30 AUD early withdrawal administration fee
  • Interest reduction for early termination2

 

Ways to open:

Online, Branch

Early withdrawal

This product has a fixed term. If you wish to withdraw the funds from the Term Deposit account prior to maturity, you will need to provide 31 days' notice (except in certain cases of hardship). An early withdrawal administration fee and interest reduction will apply. See our Transaction and Savings Accounts Terms (PDF 1.10MB)

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
Minimum deposit amounts for the Foreign Currency Term Deposit account

Currency

Hong Kong Dollars (HKD)

Opening Deposit

40,000

Currency

United States Dollars (USD)

Opening Deposit

5,000

Currency

Great Britain Pound Sterling (GBP)

Opening Deposit

3,000

Currency

Euro (EUR)

Opening Deposit

6,000

Currency

Canadian Dollars (CAD)

Opening Deposit

6,000

Currency

Japanese Yen (JPY)

Opening Deposit

500,000

Currency

Singapore Dollars (SGD)

Opening Deposit

6,000

Currency

New Zealand Dollars (NZD)

Opening Deposit

 $10,000

Currency

Chinese Yuan Renminbi (CNY) (currency restrictions apply)

Opening Deposit

50,000

Interest Rates1

Interest rates for foreign currencies (USD)
Term
 Rate for $5,000 +
1 month
 0.20% p.a.
2 months
 0.30% p.a.
3 months
 0.45% p.a.
6 months
 0.90% p.a.
9 months
 1.10% p.a.
12 months
 1.30% p.a.
Interest rates for foreign currencies (USD)
Term
 1 month
Rate for $5,000 +
 0.20% p.a.
Term
 2 months
Rate for $5,000 +
 0.30% p.a.
Term
 3 months
Rate for $5,000 +
 0.45% p.a.
Term
 6 months
Rate for $5,000 +
 0.90% p.a.
Term
 9 months
Rate for $5,000 +
 1.10% p.a.
Term
 12 months
Rate for $5,000 +
 1.30% p.a.

USD 

GBP 

EUR 

HKD 

CAD  

JPY 

NZD 

SGD 

CNY 

Apply for a Foreign Currency Term Deposit Account

Already an HSBC customer?

Existing HSBC Australia customers with Online Banking.

Apply by phone or branch 

Foreign Currency Term Deposit maturity payment instructions

When your Foreign Currency Term Deposit matures you have 2 options:

  1. Automatically roll over for the same period of time in the same currency; or
  2. Provide withdrawal instructions. You can choose to withdraw the full amount or just the interest from your previous Term Deposit. To avoid conversion fees, make sure you withdraw the amount into an account of the same currency.

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Terms & Conditions 

Other fees and charges may apply. See our 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 www.hsbc.com.au. Issued by HSBC Bank Australia Limited ABN 48 006 434 162. AFSL 232595.

  1. Interest rates current as at 29 April 2022 and subject to change.
  2. In the event you would like to withdraw your funds prior to maturity, you will need to provide 31 days' notice (except in certain cases of hardship). If you withdraw the funds before the end of the fixed term, the interest you receive for that deposit will only be 50% of the interest that you are entitled to up to the date you are making the withdrawal. An administration fee will apply.