Get the Finder app 🥳

Track your credit score


HSBC Serious Saver

Last updated:  

Earn a competitive 1.35% p.a. for the first 4 months after opening this savings account.

The HSBC Serious Saver offers a competitive bonus interest rate of 1.35% p.a. on your savings for the first 4 months after opening the account when you make no withdrawals. After this, you'll continue to be rewarded with interest on your balance each month you make no withdrawals.

1.35% p.a.

Maximum variable rate

0.15% p.a.

Base interest rate

1.2% p.a.

Bonus interest rate

for 4 months

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .


Product NameHSBC Serious Saver
Maximum Variable Rate1.35% p.a.
Standard Variable Rate0.15%
Bonus Variable Rate1.20%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

Expert review

Alison Banney

Review by

Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

The bonus rate of 1.35% is offered for the first 4 months when you make no withdrawals. There are no deposit conditions to meet to get this high rate. However, once the intro period is up your money will earn the low standard variable rate of 0.15%. However, if you link this account to a HSBC Everyday Global account and deposit $2,000 a month you'll earn 0.4% bonus interest on top of this standard rate.

This account could be ideal if you’re looking for a place to park your savings for a few months while earning a high interest rate, particularly if you've got a large balance. You’ll get the bonus rate on balances up to $1,000,000 which is very rare for such a competitive rate.

Once the introductory period is over, you could consider switching your balance to the HSBC Flexi Saver . This account pays a lower (but still decent) bonus rate of 1% every month that you grow your balance by $300, and you’re able to make withdrawals whenever you need to so it’s a bit more flexible.

Key features

$0 Monthly account fees

You are charged $0 monthly maintenance fees for using your Serious Saver savings account.

Introductory bonus interest rate of up to 1.35% p.a. on the first 4 months on your first HSBC Serious Saver

For the first 4 months after you open your savings account, you'll receive the maximum variable rate of 1.35% p.a. To be eligible for this special rate, you can't make any withdrawals from the account (this includes transferring money to another HSBC account in your name). Once the introductory period ends, the interest rate goes back to the standard 0.15% p.a.

Launch savings calculator

How to apply

If you have decided that this is the ideal way for you to reach your savings goal, click 'go to site' to be taken to a secure application page.


Before doing so, check that you are able to meet the following eligibility requirements:

  • Age requirement. You must be at least 18 years of age in order to be considered for this account.
  • Residency requirement. Only Australian residents or citizens with a valid Australian residential address may open a Serious Saver account from HSBC.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.


  1. Default Gravatar
    February 11, 2020

    I would like to open an HSBC Serious Saver Account. Can I withdraw the money after 4 months when the bonus interest finishes?

    Thank you.

    • Default Gravatar
      February 12, 2020

      Hi Marius,

      Thanks for contacting Finder.

      Yes, you may withdraw your funds from the HSBC Serious Saver Account after you have received the 4 months introductory maximum interest rate of 2.35% p.a.

      Kindly take note that within the first 4 months, you must not make any withdrawals to receive the maximum interest rate.

      I hope this helps.


  2. Default Gravatar
    October 31, 2019

    If I want to open a Serious Saver Account will I be considered a new customer if I have previously held an HSBC account in UK but not in Australia?

    • Default Gravatar
      October 31, 2019

      Hi Rose,

      Thanks for getting in touch!

      As HSBC UK and AU are separate entities, you are considered a new customer. As a friendly reminder, review the eligibility criteria, fees, interest rates, and terms & conditions of the HSBC Serious Saver Account before applying. You may also contact HSBC should you have any questions about their product.

      Hope this helps!


  3. Default Gravatar
    July 24, 2019

    Is Serious saver account can be opened as a joint account? What documents we could provide to prove our identity , if we are not citizens? Can we come in different times to prove our identity while open the account?

    • Default Gravatar
      July 24, 2019

      Hi Pritt,

      Thanks for getting in touch! Yes, the HSBC serious Saver can be opened as a joint account. You can find the eligibility requirements of opening an account when you go to our page and clicking the “how to apply” tab. Also, only Australian residents or citizens with a valid Australian residential address may open a Serious Saver account from HSBC and you would have to apply together to open the account.

      Hope this helps!


  4. Default Gravatar
    July 11, 2019


    I had a HSBC Serious Saver account few years ago. Will I be eligible for this 2.85% introductory rate? At the end of the 4 months introductory period, when shall I transfer the money from Serious Saver to another account without loosing the interest for the month?


    • Avatarfinder Customer Care
      July 13, 2019

      Hi ET,

      Thank you for getting in touch with Finder.

      The introductory rate is for new customers only. If in the event that you become eligible for the introductory rate, you may transfer your earned interest to your other account after the first 4 months after opening the account.

      I hope this helps.

      Thank you and have a wonderful day!


  5. Default Gravatar
    February 27, 2019

    If I close the account after 4 months will I be eligible for any future HSBC introductory rate should I later choose to open another new account with HSBC for instance after 12 months?

    • Avatarfinder Customer Care
      March 1, 2019

      Hi Broden,

      Thank you for getting in touch with Finder.

      Please note that the introductory offer is for new customers only. If you consider reopening this account, you will not be able to enjoy the rate again.

      I hope this helps.

      Thank you and have a wonderful day!


  6. Default Gravatar
    February 18, 2019

    Is the interest paid monthly or at the end of the 4 months? Can I close the account at the end of the 4 month period and what fees or charges apply for closing the account? This is an obvious question as I am happy to receive the 3.05% interest but of course, I will be transferring the money to another institution at the end of 4 months as the interest rate drops to <1.8%.

    • Avatarfinder Customer Care
      February 21, 2019

      Hi Peter,

      Thanks for getting in touch with Finder. Those are interesting questions. :)

      First, the interest earned from this account is paid monthly. Generally, it is paid every 28th of the month, unless that day falls on a non-working day.

      Second, yes, you can close your account at the end of the fourth month. Closing your account is free and there’s no charge. To close your account, you would need to mail HSBC or visit their branch.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


  7. Default Gravatar
    January 21, 2019

    Hi! I’m looking for a term deposit account,what is the best return you can find me pls.

    • Default Gravatar
      January 22, 2019

      Hi Katrina,

      Thanks for getting in touch! It’s helpful to know that as a product comparison website, we are not able to recommend one product for you but our pages will help you in that path and help you find ways to get what you need :) Here is our page on the best term deposits as of 2019. Take time to read the page and email us back if you need clarifications.

      As a friendly reminder, review the eligibility criteria of the term deposit before applying and read up on the terms and conditions of the product and contact the bank should you need any clarifications


  8. Default Gravatar
    December 12, 2018

    I act for my sister, under Power of Attorney.
    My sister is currently suffering from severe memory loss and is in Aged Care while I manage her financial affairs.
    She has an amount of $400,000 that I wish to place in a savings account and have looked at various online bank interest rates and terms and feel that HSBC offers the most suitable terms. How do I proceed?

    • Avatarfinder Customer Care
      December 18, 2018

      Hi John,

      Thanks for your inquiry and apologies for the delayed response.

      If you’re already sure to open an HSBC Serious Saver account for your sister, just click on the ‘Go to site’ button above to be redirected to HSBC’s main page and apply from there. Please also note of the requirements you’ll need to first secure by clicking on the ‘How to apply’ tab above.

      Just in case you may want to further check your other savings account options aside from HSBC, you may like to visit this page. Just use the calculator above the table and supply the required details to see the results for the interest earned then start comparing.

      I hope this has helped.


  9. Default Gravatar
    December 3, 2018


    I’m thinking to open a serious saver account. Will I get 3.10% for the first 4 months if I deposit $750 000 and if I don’t make any withdrawals then after 4 months can I transfer my money elsewhere?

    • Avatarfinder Customer Care
      December 9, 2018

      Hi Robert,

      Thank you for getting in touch with finder.

      That would be fine if you choose to transfer your investment after the introductory period. There are no fees for moving to another savings account with another provider at any time.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!


  10. Default Gravatar
    November 13, 2018

    For the Serious Savings Account, if I wish to deposit >1m, is there a better rate offered?

    • Avatarfinder Customer Care
      November 14, 2018

      Hello Claudia,

      Thank you for your comment.

      As per checking, the HSBC Serious Saver can give you Maximum Variable Rate of 3.10% p.a. for the first 4 months if you deposit 1 million AUD or more. Please note that the interest rate will revert to 1.40% p.a. after 4 months.

      Alternatively, you may compare other high-interest savings accounts on this page. Please make sure that you’ve read the relevant T&Cs or PDS of this account to help consider whether the product is right for you.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


Go to site