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

HSBC savings accounts, bank accounts and term deposits

HSBC savings accounts

7 of 7 results
Finder Score Maximum interest rate Base interest rate Max rate type & duration Monthly max rate conditions
HSBC logo
Finder score
Finder score
Maximum Variable Rate p.a.
4.40%
Standard Variable Rate p.a.
2.25%
Intro/Ongoing
3 month intro rate
Balance up to $1,000,000
More info
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HSBC logo
Finder score
Finder score
Maximum Variable Rate p.a.
3.50%
Standard Variable Rate p.a.
1.25%
Intro/Ongoing
Ongoing rate
(conditions apply)
Grow balance by $300
Balances up to $5,000,000
More info
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HSBC logo
Finder score
Finder score
Maximum Variable Rate p.a.
2.00%
Standard Variable Rate p.a.
0.50%
Intro/Ongoing
Ongoing rate
(conditions apply)
Top up minimum $300 each month
Grow balance by $300 each month
Balances up to $5,000,000
More info
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HSBC Premier Children's Savings Account
Finder score
Maximum Variable Rate p.a.
0.15%
Standard Variable Rate p.a.
0.15%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance from $10,000
Aged up to 30
More info
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HSBC logo
Finder score
HSBC Premier Children's Savings Account
Finder score
Maximum Variable Rate p.a.
0.10%
Standard Variable Rate p.a.
0.10%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance $5,000 to $9,999
Aged up to 30
More info
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HSBC logo
Finder score
HSBC Premier Children's Savings Account
Finder score
Maximum Variable Rate p.a.
0.01%
Standard Variable Rate p.a.
0.01%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance $0 to $4,999
Aged up to 30
More info
Compare product selection
HSBC logo
Finder score
Finder score
Maximum Variable Rate p.a.
0.00%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance from $5,000,001
Grow balance by $0
More info
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How the Finder Score helps you find a better savings account

The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.

We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?

Read the full breakdown

Want more interest on your savings?

Compare now and find a better rate.

HSBC bank accounts

3 of 3 results
Finder Score Monthly fee Govt. Guarantee Own network ATM fee Card type
HSBC logo
Finder score
HSBC Everyday Global Account
Finder AwardApple Pay Google Pay10 Currencies
Finder score
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Earn 2% cashback on tap and pay purchases. T&Cs apply.
More info
Compare product selection
HSBC logo
Finder score
Finder score
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More info
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HSBC logo
Finder score
HSBC Foreign Currency Bonus Savings Account
Apple Pay Google Pay10 currencies
Finder score
Monthly fee
$0
Government Guarantee
Own network ATM fee
Card type
Visa
More info
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Showing 3 of 3 results

Finder Score for bank accounts

We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.

Read the full methodology

Looking for a better bank account?

Compare everyday accounts and find one that works harder for you.

HSBC term deposits

2 of 2 results
Finder Score 3 Mths p.a. 6 Mths p.a. 10 Mths p.a. 12 Mths p.a. 24 Mths p.a.
HSBC logo
Finder Score
HSBC Term Deposit
$5,000 min. deposit
Finder Score
3 Mths p.a.
4.00%
6 Mths p.a.
4.00%
10 Mths p.a.
3.15%
12 Mths p.a.
3.40%
24 Mths p.a.
3.50%
More info
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HSBC logo
Finder Score
Finder Score
3 Mths p.a.
0.45%
6 Mths p.a.
0.90%
10 Mths p.a.
-
12 Mths p.a.
1.30%
24 Mths p.a.
-
More info
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Showing 2 of 2 results

Finder Score for term deposits

Finder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.

Read the full methodology

Lock in a great rate

Compare term deposits to grow your savings with confidence.

Finder Awards badge

Congratulations, HSBC!

The HSBC Everyday Global Account won Best Global Debit Card in the 2025 Finder Awards.

Full list of 2025 winners

What are the pros and cons of banking with HSBC?

Pros

  • Foreign currency accounts for holding and transacting in multiple currencies
  • Global presence with ATMs and branches in over 70 countries
  • Cashback offers on purchases using HSBC debit cards

Cons

  • Limited branch network within Australia
  • Savings account interest rates are generally less competitive

How to apply for a HSBC savings account

Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.

Sources

Alison Banney's headshot
Written by

Editorial Manager, Money

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full bio

Alison's expertise
Alison has written 660 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
  • Budgeting and money-saving hacks
  • Managing the cost of living

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2 Responses

    Default Gravatar
    BruceSeptember 22, 2025

    Can I open a fixed term deposit account using bank to bank transfer from the USA

      Alison Banney's headshotFinder
      AlisonSeptember 22, 2025Finder

      Hi,
      You need to fund a HSBC term deposit account via a HSBC transaction or savings account. So, you would first need to open one of these accounts and transfer the money.
      Once the money is in your HSBC transaction or savings account, you can then open the HSBC term deposit via online banking.
      Thanks,
      Alison

Read more on HSBC Accounts

  • 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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