Australian Term Deposit Account | Fixed Rate

HSBC AU
Accounts
Term Deposits

Why choose a Term Deposit account?

HSBC Australian Dollar term deposits offer fixed interest rates for your chosen long or short term. Apply for your term deposit account online.

Fixed interest rate, minimum balance AUD$5000
Select the terms to suit you ranging from 1 month to 5 years

If you withdraw any funds at any time before the maturity date, a reduction to the interest and administration fee of AUD $30 will apply. See our Transaction and Savings Accounts Terms (PDF, 1.10 MB).

Rates & Fees:

$0 establishment and ongoing fees
$30 AUD early withdrawal administration fee
Interest reduction for early termination¹

Ways to open:

Branch, Online (for existing account holders)

Features & Benefits

Fixed Rates and Terms

Have the certainty of a fixed interest rate with a minimum balance of AUD$5,000. HSBC Term Deposits of up to $250,000 are covered by the Financial Claims Scheme.

Terms range from as short as 1 month to a long as 5 years. Choose an interest payment frequency to suit your needs: monthly, quarterly, annually or at maturity.

Important Information: There is no maximum Term Deposit amount. 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. Fees and charges apply if the Term Deposit is broken mid-term, refer to the 'Transaction and Savings Accounts Terms (PDF, 1.10 MB)' for full details.

Open online

As an existing HSBC customer, you can open an HSBC Term Deposit instantly online within HSBC Online Banking for terms 1 to 12 months

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)

Build your savings

Choose for your interest to be re-invested or paid into your account including the ability to re-invest partial interest only
Competitive interest rates
No account or application fees
Choose an interest payment frequency to suit your needs: monthly, quarterly, annually or at maturity
Also available in major foreign currencies

Other fees and charges may apply.

Account Interest Rates

Account Interest Rates for Term Deposit accounts. Interest Rates Paid Annually/Maturity
Term	$5,000+
1 Month	1.85% p.a.
2 Months	2.00% p.a.
3 Months	4.00% p.a.
4 Months	3.75% p.a.
5 Months	3.75% p.a.
6 Months	4.40% p.a.
7 Months	4.00% p.a.
8 Months	4.00% p.a.
9 Months	4.50% p.a.
10 Months	4.00% p.a.
11 Months	4.00% p.a.
12 Months / 1 Year	4.60% p.a.
15 Months	3.75% p.a.
18 Months	3.75% p.a.
2 Years	4.10% p.a.
3 Years	4.10% p.a.
4 Years	4.10% p.a.
5 Years	4.10% p.a.

Account Interest Rates for Term Deposit accounts. Interest Rates Paid Annually/Maturity
Term	1 Month
$5,000+	1.85% p.a.

Term	2 Months
$5,000+	2.00% p.a.

Term	3 Months
$5,000+	4.00% p.a.

Term	4 Months
$5,000+	3.75% p.a.

Term	5 Months
$5,000+	3.75% p.a.

Term	6 Months
$5,000+	4.40% p.a.

Term	7 Months
$5,000+	4.00% p.a.

Term	8 Months
$5,000+	4.00% p.a.

Term	9 Months
$5,000+	4.50% p.a.

Term	10 Months
$5,000+	4.00% p.a.

Term	11 Months
$5,000+	4.00% p.a.

Term	12 Months / 1 Year
$5,000+	4.60% p.a.

Term	15 Months
$5,000+	3.75% p.a.

Term	18 Months
$5,000+	3.75% p.a.

Term	2 Years
$5,000+	4.10% p.a.

Term	3 Years
$5,000+	4.10% p.a.

Term	4 Years
$5,000+	4.10% p.a.

Term	5 Years
$5,000+	4.10% p.a.

For interest paid quarterly, the rate is 0.10% p.a. less than the standard rate above

For interest paid monthly, the rate is 0.15% p.a. less than the standard rate above

Interest Rates current as at 21 June 2023 (and subject to change)

Apply for a Term Deposit Account

Existing HSBC Online Banking customers

Log on to Online Banking and complete the application form

Log on and apply To open a term deposit account This link will open in a new window

If you need additional support to apply, please call us on 1300 131 605 (Monday to Friday, 8 am to 8 pm AEST) or visit a branch near you.

Not an HSBC Customer?

If you currently don't already have an HSBC account visit your local branch to open a Term Deposit

Find your nearest branch about nearest branch

Make an online enquiry

Enquire online For a term deposit account This link will open in a new window

Find your nearest branch

Call us today

Call us on 1300 131 605 from Monday to Friday, 8am to 8pm (AEST)

FAQs

You will need to provide 31days’ notice in the event you would like to withdraw your funds prior to maturity. If you withdraw money 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 and $30 AUD administration fee will apply.

If you are experiencing hardship and need to access to your fund immediately or before the end of the 31 days’ notice period, please contact HSBC to discuss options available to you. Under some hardship circumstances you may be able to access your funds immediately.

To assess your early termination request, you will need to provide us with evidence, and it must satisfy our requirement e.g. invoices, court order etc supporting your reasons for withdrawal your funds prior to the 31days’ notice period. If you ensure about the document’s requirement, please contact us for help.

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You should tell us what you want to do with your term deposit at least 2 business days before its maturity date. If you do not, we will renew the deposit for the same term at the applicable interest rate on the date of maturity. If the term deposit automatically renews, you may receive a lower interest rate on the new term deposit than the original interest rate earned. Please refer to our standard interest rates.

In the event you would like to withdraw your funds prior to maturity, you will need to provide 31 days' notice. 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.
Any special offer applies for a single term only. Different rates may apply for subsequent terms. This special offer is not available in conjunction with any other bonus interest or special rates offered on HSBC Term Deposits.

Other banking services fees and charges may apply. Please refer to the Transaction and Savings Accounts Terms (PDF, 1.10 MB). This advertisement provides general advice only and doesn't take into account your objectives, financial situation or needs. Consider the Personal Banking Booklet (PDF,1.5MB), Transaction and Savings Accounts Terms (PDF,1.10MB). 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.

Term Deposit Accounts