HSBC Online Savings Account – Details and Application

What happens when I click Apply Now?
- Clicking Apply will take you to your Online Application on the bank's website. You do not need to be a customer of this bank to apply.
- Your application will typically take you no more than 10-15 minutes to complete
- Tip: Have your Tax File Number ready as it will speed up your application.
- In most cases, your new savings account will be setup immediately after you apply.
If you are looking for an online account which helps you save, and gives you access to your funds when you need it, the HSBC Online Savings Account may be the product which suits your needs. Take advantage of unlimited free ATM access, no monthly fee and cheque facilities if you choose.
| Maximum Variable Rate | 5.55% |
|---|---|
| Standard Variable Rate | 4.25% |
| Bonus Variable Rate | 1.30% |
| Monthly Fee | $0 |
| Minimum Deposit | $0 |
Benefits of HSBC Online Savings Account
$0 monthly account keeping fee. Not only are you getting two accounts for the price of one, that price is actually free because you won’t be charged the monthly fee for the life of the account.- Unlimited ATM withdrawals and EFTPOS transactions. You can choose to have an ATM card linked to your account and this gives you access to HSBC, Westpac, St.George and Bank SA ATMs without being charged an operator fee. You can also make EFTPOS transactions and take cash out during these transactions for free.
- You have the option to link a cheque book to your account. If you prefer to make payments by cheque for security then you can also access your savings by choosing the cheque book option in your application.
- Access to your account to transfer funds and pay bills in a way which suits you. Your HSBC Online Savings Account can be used with telephone and internet banking for free and you can also make payment using BPAY, at HSBC branches and Bank@Post within Australia t no charge.
- Added online security. When you open a HSBC Online Savings Account you will also receive a free Online Security Device to give an extra layer of protection to your online banking transactions and passwords.
- You have instant access to your savings in an emergency. Were you to have a separate transaction account and savings account, if you needed to withdraw your savings to cover an emergency expense, you would normally have to wait several days for the transfer to be processed. However, since your savings funds and everyday funds are in the same account they are there when you need them
How to Apply for an Online Savings Account
HSBC has an online application form which you can fill out when you follow the secure link from this site, however to complete the application online you must be 18 years or older. If you are over 18, you can quickly and easily apply online now:
- The application will take you less than 10 minutes to complete
- A HSBC Online Savings Account can be opened in joint names, but can have no more than two account holders
- If you are an existing customer you can enter your HSBC customer number to speed up the process even further
- You can only use your online savings account for personal use
- You can only use your account for Australian dollars
- You can choose your preferred contact method as home, office, mobile or email where email contact with the bank means you can manage your account online at a time which suits you
- You will need to enter your employment details and salary range
- You will be asked how you intend to use the account and your reason for opening the account. You will have the choice of telegraphic transfers in/out, cash deposits, cash withdrawals, cheque credits, clearing cheques, transfers in/out; this can help HSBC determine which features you will need activated on your account
- In your application form you can choose whether or not you want an ATM card, and a cheque book
- You will need to print and sign your online form, and return it HSBC to complete your application
If you are looking for an easier way to manage both your everyday banking and your savings then the HSBC Online Savings Account may right for you as it affordable to use and maintain while offering you the chance to earn a great interest rate on your savings when you keep all your funds in the same place. To find out more or to apply online, use our secure link to the HSBC online application form.
Read the official terms and conditions
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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.
RaboDirect High Interest Savings Account
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