Foreign Currency Term Deposit Account

HSBC AU
Bank Accounts
HSBC Foreign Currency Term Deposit

The smart way to save in major foreign currencies

Invest in your choice of 9 major currencies with an HSBC Foreign Currency Term Deposit Account – including US dollars, British pounds and Euros. Earn interest at fixed rates and grow your money reliably with term lengths from 30 days to 12 months.

Get started to apply for a Foreign Currency Term Deposit Account

Multiple foreign currencies

Save in up to 9 different currencies, including US dollars, British pounds and Euros.

Flexible terms that suit you

Get term deposits from as little as 30 days to as long as 12 months.

No maximum deposit

Deposit as much as you'd like to benefit from our fixed interest rates.

Interest rates and minimum deposit amounts

Find out our fixed interest rates per year and the minimum you'll need to open a term deposit for each currency.
Term	Minimum deposit amount	1 month (30 days)	2 months	3 months	6 months	9 months	12 months
United States dollar	5,000 USD	0.20% p.a.	0.30% p.a.	0.45% p.a.	0.90% p.a.	1.10% p.a.	1.30% p.a.
British pound	3,000 GBP	0.20% p.a.	0.25% p.a.	0.50% p.a.	0.80% p.a.	1.00% p.a.	1.20% p.a.
Euro	6,000 EUR	0.00% p.a.	0.00% p.a.	0.00% p.a.	0.00% p.a.	0.00% p.a.	0.00% p.a.
Hong Kong dollar	40,000 HKD	0.05% p.a.	0.10% p.a.	0.20% p.a.	0.50% p.a.	0.90% p.a.	1.20% p.a.
Canadian dollar	6,000 CAD	0.20% p.a.	0.30% p.a.	0.35% p.a.	0.35% p.a.	0.35% p.a.	0.35% p.a.
Japanese yen	500,000 JPY	0.00% p.a.	0.00% p.a.	0.00% p.a.	0.00% p.a.	0.00% p.a.	0.00% p.a.
New Zealand dollar	10,000 NZD	0.50% p.a.	0.75% p.a.	1.00% p.a.	1.50% p.a.	1.75% p.a.	2.00% p.a.
Singapore dollar	6,000 SGD	0.10% p.a.	0.20% p.a.	0.30% p.a.	0.45% p.a.	0.60% p.a.	0.80% p.a.
Chinese yuan renminbi	50,000 CNY	0.38% p.a.	0.38% p.a.	0.58% p.a.	0.88% p.a.	0.88% p.a.	1.08% p.a.

Find out our fixed interest rates per year and the minimum you'll need to open a term deposit for each currency.
Term	United States dollar
Minimum deposit amount	5,000 USD
1 month (30 days)	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.

Term	British pound
Minimum deposit amount	3,000 GBP
1 month (30 days)	0.20% p.a.
2 months	0.25% p.a.
3 months	0.50% p.a.
6 months	0.80% p.a.
9 months	1.00% p.a.
12 months	1.20% p.a.

Term	Euro
Minimum deposit amount	6,000 EUR
1 month (30 days)	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.

Term	Hong Kong dollar
Minimum deposit amount	40,000 HKD
1 month (30 days)	0.05% p.a.
2 months	0.10% p.a.
3 months	0.20% p.a.
6 months	0.50% p.a.
9 months	0.90% p.a.
12 months	1.20% p.a.

Term	Canadian dollar
Minimum deposit amount	6,000 CAD
1 month (30 days)	0.20% p.a.
2 months	0.30% p.a.
3 months	0.35% p.a.
6 months	0.35% p.a.
9 months	0.35% p.a.
12 months	0.35% p.a.

Term	Japanese yen
Minimum deposit amount	500,000 JPY
1 month (30 days)	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.

Term	New Zealand dollar
Minimum deposit amount	10,000 NZD
1 month (30 days)	0.50% p.a.
2 months	0.75% p.a.
3 months	1.00% p.a.
6 months	1.50% p.a.
9 months	1.75% p.a.
12 months	2.00% p.a.

Term	Singapore dollar
Minimum deposit amount	6,000 SGD
1 month (30 days)	0.10% p.a.
2 months	0.20% p.a.
3 months	0.30% p.a.
6 months	0.45% p.a.
9 months	0.60% p.a.
12 months	0.80% p.a.

Term	Chinese yuan renminbi
Minimum deposit amount	50,000 CNY
1 month (30 days)	0.38% p.a.
2 months	0.38% p.a.
3 months	0.58% p.a.
6 months	0.88% p.a.
9 months	0.88% p.a.
12 months	1.08% p.a.

Interest rates current as at 29 April 2022 and subject to change.

Please note that currency restrictions apply for Chinese yuan.

What you need to know

Are you eligible?

To open an HSBC Foreign Currency Term Deposit Account, you'll need to:

Be at least 18 years old
Have a passport or an Australian driver's licence
Have an Australian residential address

Accessing your money early

You will need to give us 31 days notice if you want to withdraw your money before the end of your term.

The amount of interest that you get will be 50% of the interest that you are entitled to up to the date you are making the withdrawal. There is an early withdrawal fee.

If you are experiencing hardship and need access to funds immediately, or before the end of the 31 days notice period, you can talk to us to discuss your options.

Under some hardship circumstances you may be able to access your funds immediately. We will require evidence to support the situation which satisfies our requirements, such as invoices or a court order. Please contact us if you have any questions.

**Account fees**
Fee	Amount
Account opening	$0
Monthly account fee	$0
Early withdrawal	$30

**Account fees**
Fee	Account opening
Amount	$0

Fee	Monthly account fee
Amount	$0

Fee	Early withdrawal
Amount	$30

Please note that some online banking services may charge a fee. Check our personal banking booklet for more information.

Maturity instructions

When your term deposit ends, you can choose what you want to do with your money.

These instructions can be updated via online banking or by contacting us, but you must let us know at least 2 business days before your deposit's maturity date.

If you don't provide any maturity instructions, then your money will go into a term deposit with the same length of time, and in the same currency, as the one that just finished. You may get a lower interest rate on the new term compared to the original rate.

Ready to get started?

New to HSBC

If you've never banked with us before, you can leave us your details and we'll get back to you soon about your HSBC Foreign Currency Term Deposit Account.

Leave your details

Existing HSBC customer

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

Log on and apply This link will open in a new window

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.

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) and Financial Services Guide (PDF) 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.

Foreign Currency Term Deposit Account

The smart way to save in major foreign currencies

What you'll get with an HSBC Foreign Currency Term Deposit Account

Multiple foreign currencies

Flexible terms that suit you

No maximum deposit

Interest rates and minimum deposit amounts

What you need to know

Are you eligible?

Good to know

Important documents

Ready to get started?

New to HSBC

Existing HSBC customer

Other ways to apply

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