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HSBC savings and bank accounts

HSBC is a large international bank that offers several accounts in Australia, including a unique multi-currency account.

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HSBC
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
HSBC Bonus Savings Account
HSBC logo
Maximum Variable Rate p.a.
4.25%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance by $300
  • Balances up to $5,000,000
View details
HSBC Premier Children's Savings Account
HSBC logo
Maximum Variable Rate p.a.
0.15%
Standard Variable Rate p.a.
0.15%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balance $10,000 plus
View details
HSBC Everyday Savings
HSBC logo
Maximum Variable Rate p.a.
5.15%
Standard Variable Rate p.a.
3.00%
Intro/Ongoing
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
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Showing 3 of 3 results
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
HSBC Everyday Global Account
HSBC logo
Finder AwardApple Pay Google Pay10 Currencies
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Earn 2% cashback on tap and pay purchases.


HSBC Day to Day Transaction Account
HSBC logo
Apple Pay Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
HSBC Foreign Currency Bonus Savings Account
HSBC logo
Apple Pay Google Pay10 currencies
Monthly fee
$0
Government Guarantee
Own network ATM fee
Card type
Visa
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Showing 3 of 3 results
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 11 Mths p.a. 12 Mths p.a. 24 Mths p.a.
HSBC Term Deposit
HSBC logo
$5,000 min. deposit
3 Mths p.a.
4.50%
4 Mths p.a.
3.75%
5 Mths p.a.
3.75%
6 Mths p.a.
4.40%
7 Mths p.a.
4.00%
11 Mths p.a.
4.00%
12 Mths p.a.
4.20%
24 Mths p.a.
4.10%
More Info
HSBC Foreign Currency Term Deposit USD
HSBC logo
$5,000 min. deposit
3 Mths p.a.
0.45%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
0.90%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
1.30%
24 Mths p.a.
-
More Info
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Showing 2 of 2 results
Rates accurate as at: October 8th, 2024 Learn about our information service

Finder Awards badge

Congratulations, HSBC!

HSBC received the highly commended award for 'Banking and Payments Innovation' in the 2023 Innovation Awards.

Full list of 2023 winners

Quick facts about HSBC

  • HSBC is one of the largest banking and financial services institutions in the world
  • HSBC is headquartered in London, where it's the second largest bank in the United Kingdom.
  • HSBC is an international bank that operates in more than 70 countries with more than 51 million customers
  • HSBC has a variety of banking products in Australia including a savings account, term deposit and multi-currency bank account

Accounts offered by HSBC

You can see a full list of accounts offered by HSBC in the table above, however here's a snapshot of some of the most popular ones.

HSBC Everyday Global Account

The HSBC Everyday Global Account is an everyday transaction account, multi-currency account and travel debit card all in one. You can use it in Australia to deposit your salary, pay bills and make daily purchases like a regular bank account. Or take it with you when travelling and hold up to 10 currencies, plus pay no international transaction fees, no account-keeping fees and no international ATM fees. You can also earn cashback on contactless purchases, which is a rare offer for Australian bank accounts.

Read our full review of the HSBC Everyday Global Account.

HSBC Bonus Savings Account

This savings account lets you earn interest while also offering easy access to your money, making it a flexible option if you need to dip into your savings regularly.

Read our full review of the HSBC Bonus Savings Account.

HSBC Everyday Savings

This savings account offers bonus interest for the first few months without any deposit conditions to meet. this account doesn't pay interest in the months that you make a withdrawal, so it could be good option if you're happy to leave your savings untouched.

Read our full review of the HSBC Everyday Savings Account.

What do Australians think of HSBC Bank Australia bank account?

  • 4/5 overall for Customer Satisfaction — lower than the average of 4.11
  • 4.23/5 for Trust — lower than the average of 4.43
  • 3.93/5 for Customer Service — lower than the average of 4.07

Based on HSBC Bank Australia bank account scores in Finder's 2024 Customer Satisfaction Awards.

Different ways to bank with HSBC

HSBC offers many different ways to do your banking.

HSBC bank branches and ATMs

HSBC has roughly 30 branches in Australia, and a global ATM network of more than 10,000 ATMs. HSBC customers can access all HSBC, Westpac, NAB, ANZ and CommBank ATMs in Australia without paying a withdrawal fee. Most of HSBC's branches are located in capital cities.

Bank@Post

If you need to deposit cash into your account, you can do this at a participating Australia Post shop using Bank@Post.

HSBC Internet and mobile banking

You can use the HSBCnet Internet Banking or the HSBCnet mobile app 24/7 to do a range of day-to-day banking. You can make transfer between accounts, transfer to external accounts and pay bills, view and download statements and open new HSBC Bank products. You can also make international transactions online, and convert currencies in your Everyday Global Account.

Contactless payment options

HSBC offers Apple Pay, Google Pay and Samsung Pay to customers with a HSBC debit card.

What are the pros and cons of banking with HSBC?

Pros

  • Foreign currency accounts. HSBC offers accounts that allow you to hold multiple currencies, and send and receive money in those currencies internationally.
  • Global presence. HSBC is a large global bank with ATMs and branches in 70+ countries around the world. This could come in handy if you travel a lot for leisure or business.
  • Cashback offers. HSBC is one of only a few banks in Australia to offer customers cashback on purchases using a HSBC debit card.

Cons

  • Limited branches in Australia. While HSBC has a good global presence, it has a considerably lesser number of branches in Australia when compared to some of the other big banks.
  • Low savings rates. The interest rates offered of HSBC's savings accounts are less competitive compared to others in the market.

How to apply for a HSBC account online

You can apply for a new HSBC account online in less than 10 minutes. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.

Eligibility

  • You're over 18 years old
  • You're an Australian resident for tax purposes
  • You have an Australian phone number and residential address

Documentation

  • Personal details like your name, date of birth, residential address, phone number and email address
  • ID documents such as your driver's licence, Medicare card, passport or proof-of-age card

If you haven't found what you're looking for yet, you can compare a wide range of additional savings accounts and bank accounts from other providers with Finder.

Compare other products from HSBC

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Written by

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full bio

Alison's expertise
Alison has written 634 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
  • Budgeting and money-saving hacks
  • Managing the cost of living

More guides on Finder

  • HSBC Everyday Global Account

    Use the HSBC Everyday Global account at home or when travelling overseas. Hold up to 10 currencies plus pay no international transaction fees, no account-keeping fees and no international ATM fees.

  • HSBC Foreign Currency Term Deposit – USD

    Broaden your investment horizons with a term deposit account that allows you to build savings in a number of different currencies.

  • HSBC Term Deposit

    The HSBC Term Deposit could help you reach short term savings goals by offering you special promotional rates and bonus interest on your balance.

  • HSBC Foreign Currency Bonus Savings Account USD

    If you want a bank account that enables you to keep your money in different currencies, the Multi Currency Account from HSBC may be for you.

  • HSBC Bonus Savings Account

    HSBC gives you the opportunity to build your savings without having to make a firm commitment. Save when you can, spend when you need to, and you will still be earning interest on your account balance.

  • HSBC Day to Day Transaction Account

    HSBC’s Day to Day Transaction Account with its fee-free banking and no deposit requirement makes it one worth looking at closely.

  • HSBC Everyday Savings

    This is an account worth considering if you have short-term savings goals and need a good reason not to make any withdrawals before meeting them.

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