Why choose a Serious Saver account?

Serious Saver is a savings account that helps you resist the temptation to spend your savings by rewarding you with a great interest rate for every month1 you don't make a withdrawal.
  • No minimum or ongoing balance required
  • An account that encourages you to save

Rates & Fees:

  • $0 Monthly account fee
  • 2.35% p.a. 4 Month Introductory Variable Rate2 
  • 0.45% p.a. Ongoing Variable Rate
  • Applicable every month1 you don’t make a withdrawal (Both for the Introductory and Ongoing Variable Rates)
  • Applies to balances up to $1 million only

Features & Benefits

Build your savings

  • Earn interest every month1 you don't make a withdrawal
  • Arrange for direct deposits straight into your Serious Saver account to build your savings balance
  • Earn bonus interest4 on the ongoing variable rate when you qualify for Everyday Extras3 with your Everyday Global Account.

Account Access

  • Online, Branch and Mobile Banking
  • 24 hours a day, 7 days a week Phone Banking
  • Deposit in Branch
  • Instant transfers if your linked account is with HSBC Australia should you need to access your savings (remember no interest is paid if you make a withdrawal during the month1)

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.

 

Rates and fees

Rates and fees for the Serious Saver account
Fee Type Fee Details
Monthly account fee
 $0
Charges for transfers to your linked account via Phone, Mobile or Online Banking (remember no interest is paid if you make a withdrawal during the month1)
 $0

Fees apply for other account services. Please refer to our current fees and charges guide (PDF, 184 KB) for full details.

Interest Rates

Interest rates for the Serious Saver Account
Rate Type Details
4 Month Introductory Variable Rate 2.35% p.a.2
Ongoing Variable Rate 0.45% p.a.
Introductory offer is available from 
 21 August 2018
Rates current as at
 21 October 2019

2 Introductory offer will only be applied to the first Serious Saver account opened with HSBC. After the introductory period the standard interest rate applies. No interest is payable for balances over $1,000,000. Maximum one Serious Saver Account per customer. Both introductory and standard rate subject to change at any time. HSBC Serious Saver applicants must be individuals aged 18+.

Interest is calculated daily and paid monthly 

No interest is paid for balances over $1,000,000 or if any withdrawals are made during the month1

Apply for a Serious Saver account

New to HSBC?

Complete your application online today.

Not registered for Online Banking? Register now.

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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  1. Generally, withdrawals made between the 28th of the month and 27th of the subsequent month (inclusive) will result in no interest being applied for that month. For example, withdrawals on 28th of December, may lead to no interest being applied for the month of January.
  2. Introductory offer will only be applied to the first Serious Saver account opened with HSBC. After the introductory period the standard interest rate applies. No interest is payable for balances over $1,000,000. Maximum one Serious Saver Account per customer. Both introductory and standard rate subject to change at any time. HSBC Serious Saver applicants must be individuals aged 18+.
  3. HSBC Everyday Extras is a feature of the HSBC Everyday Global Account.  To continue to be eligible to receive Everyday Extras you will need to deposit AUD 2,000 or more into your HSBC Everyday Global Account before the last day of each calendar month. Refer to the Supplementary Product Disclosure Statement for full terms and conditions.
  4. 0.4% bonus interest is payable above the annual ongoing variable rate on an HSBC Serious Saver balance of up to $1,000,000. Generally, withdrawals made between the 28th of the month and the 27th of the subsequent month (inclusive) will result in no interst being applied for that month. For example, withdrawals on 28th of December may lead to no interest being applied for the month of January. The ongoing variable rate applies after the introductory variable rate and is paid when you make no withdrawals during the month.

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 the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) (PDF, 487 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.