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Everyday Savings Account

  • Intro offer rate
  • App banking
  • Online banking
  • Linked account required

Maximum rate p.a.

5.15%

Base rate p.a.

3.00%

Everyday Savings Account

  • Intro offer rate
  • App banking
  • Online banking
  • Linked account required

Maximum rate p.a.

5.15%

Base rate p.a.

3.00%

RateCity says

"A savings account with a generous interest rate offer from this global bank. The account does not charge ongoing fees and has no minimum balance requirements."

Pros and Cons

For Everyday Savings Account

Benefits

  • Maximum interest rate ranked in the best 20% (conditions may apply)
  • Special intro rate
  • No ongoing account fees
  • No minimum balance

Drawbacks

  • Intro rate limited to 3 months
  • Only available with linked transaction account

HSBC Rate Savings Account overview

For Everyday Savings Account

Account Details

Maximum rate p.a.

5.15%

intro 3 months then 3.00%

Minimum age restrictions

18

Base rate p.a.

3.00%

Maximum age restrictions

Maximum rate condition

Not applicable

Minimum opening deposit

$0

Interest calculation method

Whole Balance

Target Market Determination

Visit HSBC Bank Australia Limited to view Target Market Determination.

Features

Joint application available

Is online only

Linked account required

Methods of Access

Internet facility

ATM access

Phone facility

Eftpos facility

Branch access

App

App only

Fees

Account keeping fees

$0

Eftpos fee

$0

ATM withdrawal fee

$0

Overseas eftpos fee

$0

Internet transaction fee

$0

Over the counter deposit fee

$0

Phone transaction fee

$0

Over the counter withdrawal fee

$0

Other Restrictions

Introductory offer will be applied to the first HSBC Everyday Savings Account opened with HSBC or if the previous HSBC Everyday Savings Account was closed more than 12 months ago