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A set of matryoshka dolls displacing on shelf; image used for HSBC Australia Savings Accounts page.

Savings Accounts

Compare HSBC savings accounts and interest rates online to make saving more convenient. Learn more about online account opening.

HSBC Bonus Savings Account

Saving just got more flexible and more rewarding with a Monthly Bonus rate. Enjoy the added convenience of opening an online savings account anywhere, anytime.

  • Earn more with interest calculated daily and paid monthly

  • Open multiple accounts in multiple currencies

  • No minimum balance required. Bonus interest is paid only when the balance increases by $300 or more per month (not including interest payments)

Rates & Fees:

  • $0 Monthly account fee
  • 0.25% p.a. interest rate including Monthly Bonus (variable) of 0.20% p.a.1
  • 0.05% p.a. standard variable rate 1

HSBC Everyday Savings Account

The HSBC Everyday Savings Account is an online savings account with a great 3 month introductory variable interest rate and must be linked to your nominated transaction account to enable you to move money in and out.

  • No minimum or ongoing balance required

  • An account that encourages you to save

Rates & Fees:

  • $0 Monthly account fee
  • 0.30% p.a. 3 Month Introductory Variable Rate2
  • 0.15% p.a. Ongoing Variable Rate
  • Applies to balances up to $1 million only
  • Introductory offer will only be applied to the first HSBC Everyday Savings account opened with HSBC or if the previous HSBC Everyday Savings account was closed more than 12 months ago

Term Deposit Accounts

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

Rates & Fees:

  • $0 establishment and ongoing fees
  • $30 early withdrawal fee
  • Interest reduction for early termination
  1. No interest is incurred on the portion of balances over AUD $5,000,000 or equivalent. Ensure that on the last business day of the month, your closing balance is at least $300 higher (excluding interest) than the opening balance on the first business day of that month. Both the monthly Bonus rate and the base rate are variable and are subject to change. Current rates can be viewed by visiting hsbc.com.au/accounts/savings/ Monthly Bonus rate applies for the month the eligibility criteria is met, calculated from the first business day of that month. Interest is calculated daily on the total balance and paid monthly, on the first business day of the following month.
  2. No interest is payable for balances over $1,000,000. Introductory offer will only be applied to your first HSBC Everyday Savings account opened with HSBC or if your previous HSBC Everyday Savings account was closed more than 12 months ago. After the introductory period, the ongoing standard variable interest rate applies. Both introductory and standard rate are variable and are subject to change at any time. Current rates can be viewed by visiting hsbc.com.au/accounts/savings/. Interest is calculated daily on the total balance and paid monthly, on the first business day of the following month. Maximum one HSBC Everyday Savings account per customer at any one time. HSBC Everyday Savings applicants must be aged 18+

Other banking services fees and charges may apply. Please refer to the 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 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.