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- Term Deposit
Term Deposit
- 1 month
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
1.85%
Maximum rate
4.60%
for 12 months
Term Deposit
- 1 month
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
1.85%
Maximum rate
4.60%
for 12 months
Pros and Cons
For Term Deposit
Benefits
- Interest can be paid to other institution
- Automatic maturity rollover
- Maturity alert by email and phone
Drawbacks
- Early withdrawal available with $30 fees
- 31 days notice to withdraw funds before maturity and interest rate adjustment will apply to interest earned on funds
HSBC Rate Term Deposit overview
For Term Deposit
Features
Min deposit
$5,000
Automatic maturity rollover
Maturity alert by phone
Maturity alert by email
Joint application available
Minimum age requirement
18
Notice period to withdraw
31
Is covered by government guarantee
Target Market Determination
Visit HSBC Bank Australia Limited to view Target Market Determination.
Interest
Interest calculation frequency
Daily
Interest payment frequency options
Annually, At Maturity
Interest payment via other institution
Interest payment method
Cheque, Direct Credit, Rollover on maturity
Fees
Account keeping fee
$0
Early withdrawal fee
$30
Rates
TermRates on deposit of ($5,000 - $99,999,999)
1 month1.85%
2 months2.00%
3 months4.00%
4 months3.75%
5 months3.75%
6 months4.40%
7 months4.00%
8 months4.00%
9 months4.50%
10 months4.00%
11 months4.00%
1 year4.60%
2 years4.10%
3 years4.10%
4 years4.10%
5 years4.10%
Other Restrictions
You can only withdraw the total balance of your account