HSBC Savings Accounts
HSBC has some fantastic accounts to offer the Australian market. If you are looking for the security which comes with a big name bank, the names don’t get much bigger than HSBC. If you want to feel that your savings are secure and that you are getting the best transaction account services in the world, then you will want to compare the savings accounts of ‘The World’s Local Bank’.
Featured HSBC Savings Account
HSBC Serious Saver. Earn a high interest rate on your savings.
- Maximum Rate: 5.55%
- Standard Variable Rate: 4.25%
- Bonus Rate: 1.30%
- Monthly Account Fees: $0
- Minimum Balance: $0
- Minimum Deposit: $0
Featured HSBC Savings Accounts
| Savings Account | Account Details | Maximum Variable Rate p.a. | Standard Variable Rate p.a. | Bonus Interest p.a. | Fees | Min Balance/Min Deposit | |
|---|---|---|---|---|---|---|---|
|
Get $10 every month, No monthly account keeping fees, plus unlimited ATM withdrawals and EFTPOS transactions. | 2.75% | 0.00% | 0.00% | $0 | $0/$0 | 
 |
HSBC Serious Saver | The HSBC Serious Saver. | 5.55% | 4.25% | 1.30% | $0 | $0 / $0 |
 
|
Strength and security of HSBC in Australia and around the world:
- HSBC is headquartered in London and has approximately 8,500 offices in 86 countries.
- Is one of the world’s largest banking and financial services organisations.
- Has 35 branches in Australia, and its head office in Sydney.
- HSBC began operating in Australia in 1965 and was awarded a commercial banking license in 1986.
- HSBC was awarded the title of Global Bank of the Year in 2009 by Euromoney.
- HSBC was named the number one bank of The Banker’s Top 1,000 Banks for 2008.
HSBC Local Awards and Recognition
Despite the backing of a prominent name in international banking world, HSBC in Australia is still able to stand on its own. Not only does HSBC Australia perform well locally, it outperforms many other Australian banks too.
Recent recognition for HSBC in Australia:
- In 2008 and 2009 HSBC won the Best Consumer Internet Bank in Australia, at the Global Finance Awards.
- In 2009 HSBC was awarded Banking Website/Online Offering of the Year, at the Australian Banking & Finance Awards.
- HSBC won the 2009 Innovation Excellence Award for their Woolworths Everyday Money Credit Card, awarded by Canstar Cannex.
Benefits of Banking with HSBC
As well as banking with a recognised and awarded world bank, HSBC takes your personal banking needs and security seriously.
HSBC savings account benefits include:
- Access to online savings accounts which offer competitive and often market leading interest rates on your savings and investments.
- HSBC offers a range of transaction accounts with all of the features you need for everyday banking including a cheque book, savings account and ATM access.
- The option to hold your investments with HSBC in Australian dollars, Hong Kong dollars, Euros, US dollars, Pounds sterling, Canadian dollars or Japanese yen.
- HSBC was the first bank in Australia to offer a second layer of security to their customers who use online banking. HSBC provides an Online Security Device which is the size of a key ring, and generates a unique access code each time you login to internet banking and activate the Device with your access code.
Compare HSBC Savings Accounts
HSBC helps you to save in the way which best suits you and whether you want to open your account online and manage it solely via internet banking, of you want to be able to transfer and deposit funds in other currencies, you can compare the savings account features right here to find the one which best suits you.
Compare the features of HSBC savings accounts and term deposits:
- The HSBC Serious Saver is a high interest savings account which can only be accessed online or over the phone. As such, the Serious Saver attracts no account keeping fee and also requires no minimum opening balance and no locked in term.
- HSBC can open a term deposit account for you with a minimum of $5,000 initial investment, for a term from one month to five years. There are no monthly or account keeping fees and you can choose for your interest to be paid monthly, quarterly, annually or on maturity – these choices do affect the amount of interest earned.
Features of the Savings Cheque account from HSBC:
- A monthly account keeping fee of $7.50.
- Everyday banking features including phone and internet banking, ATM access, EFTPOS purchases, cheque cashing and deposits, BPAY and Bank@POST.
- You will earn 0.05% on your balances.
- Six ATM withdrawals and EFTPOS transactions included, within Australia, each month from HSBC or partnered ATMs.
- Six online banking, phone banking or BPAY transactions each month.
- Four cheque withdrawals and branch assisted transactions each month.
- Minimum opening deposit of $1,000.
If you think the savings and transaction accounts on offer from HSBC suit your banking needs, read more about their products in our comprehensive product reviews. If you can already see an HSBC savings account which matches your banking needs and behaviours you can travel securely to the HSBC website to sign up now.
Related Resources
- HSBC Online Savings Account - Details and Application
- HSBC Serious Saver Account
- HSBC Term Deposit
To guarantee the right term deposit to suit your savings needs, HSBC provides you with the flexibility of multiple term options and ability to access your funds if necessary. Compare the term deposit options available from HSBC to see if this is the account for you.
Related Posts
- HSBC Day to Day Account
The HSBC Online Savings Account has been revamped and rereleased as the HSBC Day to Day where you can still apply and manage your account online, as well as use all of your favourite banking and in store transactions for free. There are also no ongoing monthly account keeping fees, and your account will be credited a $10 Feebate each time you deposit $2,000 in a month. - HSBC Online Savings Account And Visa Debit Card
The HSBC Online Savings Account and Visa debit card bring to the table one of the most convenient and cost effective ways to save. Find out more of the great features of this fantastic combination. - HSBC Online Savings Account
Setting up an HSBC online savings account is a simple affair. There are many advantages and features of doing so. Find all the details in this article.
Top High Interest Savings Accounts
All of these accounts are FREE to open and require no minimum deposit. They all have easy internet banking access with no transaction fees.
| Savings Account | Account Details | Maximum Variable Rate p.a. | Standard Variable Rate p.a. | Bonus Interest p.a. | Fees | Min Balance/Min Deposit | |
|---|---|---|---|---|---|---|---|
 RaboDirect High Interest Savings Account | Limited time offer. Enjoy a leading rate on your savings. | 5.60% | 4.85% | 0.75% | $0 | $0 / $0 |
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 UBank USaver | High ongoing rate plus if you deposit $200 monthly you receive a bonus 0.60% p.a, taking this up to an even higher rate. Open online. | 5.51% | 4.91% | 0.60% | $0 | $0 / $0 |
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HSBC Serious Saver | Enjoy an introductory variable rate for 4 months for balances up to $1,000,000. Limited time only! | 5.55% | 4.25% | 1.30% | $0 | $0 / $0 |
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