HSBC Serious Saver Account
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.
Giving your savings an instant boost from the first day you deposit your first saved amount is just the motivation HSBC knew you needed to reach your savings goals.
Serious Savings with HSBC Serious Saver Account
In your everyday bank account you’re likely to be earning little to no additional interest on the money which is just sitting there, waiting to be spent. With the HSBC Serious Saver account you can take advantage of one of the highest high interest savings account rates on offer to Australian banking customers and you don’t even have to be a HSBC customer already.
Open a HSBC Serious Saver Account
Opening a new HSBC Serious Saver account can be done entirely online in just five minutes. You simply need to enter a few personal details and have your Tax File Number on hand. The HSBC Serious Saver account can be opened by anyone over the age of 18, but cannot be used for business use, or as a trust or company account.
During the application you’ll also be asked to enter your nationality and employment details, including your occupation, your salary and the industry in which you work. You’ll also be asked about your primary source of income, be it your salary, Centrelink payments, student allowances or superannuation; HSBC also want to make sure your savings goals are clearly defined, as they ask you how much you plan to invest in serious savings, and the reason you are opening the account.
Access Your HSBC Serious Saver
Access to your high interest savings account is available online or over the phone via HSBC’s Australian-based customer call centre. You won’t have to seek out a branch when you open, activate, deposit to or withdraw from your savings, that’s probably for the best. Where many high interest savings accounts will allow you unlimited withdrawals in any month and will still pay you a high interest rate, HSBC knows you are serious about savings and don’t need or want to make withdrawals.
Remote access, coupled with penalties for withdrawals allow you to take your savings seriously and may just be the extra motivation you need to stick to a savings plan. Especially since you’re able to set up a direct debit from your nominated everyday account to your Serious Saver account, your savings will grow before your eyes.
Where you will be issued with a statement for the account quarterly, you can view transaction and deposit history and interest rate news and updates just by logging into your account. You’re also losing very little interest earning time in transfers because if you transfer from an existing HSBC everyday account to your Serious Saver your funds will arrive immediately and if you are transferring from another financial institution, transfers made before 4.00 pm on any business day, will arrive on the next business day.
Are You Serious About Your Savings? Then Double Up!
HSBC also offers a special savings package where you can combine the use of an Online Savings account and a Serious Saver account. The special package allows you to complete one online application form and sign up for both accounts, giving you a high interest savings account in your Serious Saver and an affordable and easy to use everyday account in the Online Savings account. Features of the Online Savings account include:
- No monthly account keeping fees.
- Unlimited ATM withdrawals at HSBC, Westpac, St.George and Bank SA ATMs Australia-wide.
With these combined accounts you will incur no fees when contributing to your high interest savings accounts, and can be sure of instant transfers between the accounts. The HSBC Online Savings account has all of the features you need for your everyday banking, bill paying and shopping.
So if you really are serious about reaching your savings goal and you want to know you’re working with a bank who is equally serious about helping you achieve those dreams. Open a HSBC Serious Saver account to give your money a boost.
Read the official terms and conditions
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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HSBC Serious Saver