Why choose a Term Deposit account?
-
Fixed interest rate, minimum balance AUD$5000
-
Select the terms to suit you ranging from 1 month to 5 years
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
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. |
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
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
Make an online enquiry
FAQs
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