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HSBC Foreign Currency Term Deposit – USD

Shirley Liu
Shirley Liu
Last updated:  

Plan for your future with a fixed rate savings account that lets you grow your foreign currency investments.

With the Foreign Currency Term Deposit from HSBC you are given the same flexibility and benefits as a regular term deposit account, plus the ability to save in different currencies. The competitive interest rate is fixed for the length of your chosen term, allowing you to make a savings plan that helps you meet your goals.

Up to 0.15% p.a.

Interest rate

3 months interest rate

$5,000

Minimum opening deposit

$0

Account keeping fee

Details

Product NameHSBC Foreign Currency Term Deposit USD
3 month interest rate0.15%
6 month interest rate0.10%
9 month interest rate0.10%
12 month interest rate0.05%
Minimum Opening Deposit$5,000
Minimum Age Requirement18
The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

Key features

Available currencies

With HSBC you are allowed to bank in up to nine foreign currencies. These currencies include; Hong Kong dollars (HKD), United States dollars (USD), Great Britain Pound sterling (GBP), Euro (EUR), Canadian dollars (CAD), Japanese yen (JPY), Singapore dollars (SGD), New Zealand dollars (NZD) and Chinese Yuan Renminbi (CNY). Some restrictions on your banking may apply when making transactions with CNY.

Monthly fees

There is no establishment fee charged with the Foreign Currency Term Deposit nor will you have to pay any monthly ongoing fees.

How to apply

Eligibility

If you are interested in applying for the HSBC Foreign Currency Term Deposit you will need to visit an HSBC branch in order to fill out an application in person. You can also enquire about the term deposit online using a simple form which can be accessed by visiting the HSBC website". There will be some eligibility requirements that you will need to show you meet before you will be permitted to proceed with the application:

  • Minimum age. Applicants should be at least 18 years of age if they are interested in opening this account.
  • Residency requirements. In order to be eligible for this account you must be able to show that you are a resident of Australia with a residential address.

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