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HSBC Term Deposit

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A HSBC term deposit offers the flexibility of being fully online, while earning bonus interest.

When you open an HSBC term deposit online, it rewards your account by increasing the interest rate by an extra 0.10% per annum (p.a.). With this type of high interest savings account, your money is locked into a fixed rate term, letting you to know exactly how much will be earned and giving you more incentive to reach that potential.

Up to 0.8% p.a.

Interest rate

60 months interest rate

$5,000

Minimum opening deposit

$0

Account keeping fee

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Details

Product NameHSBC Term Deposit
3 month interest rate0.45%
4 month interest rate0.50%
6 month interest rate0.50%
7 month interest rate0.40%
9 month interest rate0.40%
12 month interest rate0.70%
24 month interest rate0.65%
36 month interest rate0.65%
48 month interest rate0.70%
60 month interest rate0.80%
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

Account keeping fees

You are not charged any fees for applying for this account or for its monthly maintenance.

Interest rates

The interest rates applied to your balance are fixed and tiered so that the longer you keep your savings inside of the account, the higher the return on your investment.


How to apply

Eligibility

If you are not already an HSBC customer, or are looking to open a term deposit of longer than one year, you will need to visit your local branch in order to apply for a term deposit. Existing customers with internet banking and who plan on opening an account with terms between 1 and 12 months can get started on applying by visiting HSBC website. Before heading out to a branch or starting an online application, you should note the following eligibility criteria for this account:

  • Minimum age. While HSBC lists no minimum age requirement for their term deposit, applicants under the age of 18 should ask at their local branch before starting to apply.
  • Residency requirements. An applicant will need to show that they have a valid residential address in Australia at the time of application.

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