Why choose a Term Deposit account?
-
Fixed interest rate, minimum balance AUD$5000
-
Select the terms to suit you ranging from 1 month to 5 years
-
Open online and earn bonus interest for terms 1 to 11 months
Rates & Fees:
- $0 establishment and ongoing fees
- $30 early withdrawal fee
Ways to open:
Branch, Online (for existing account holders)
Features & Benefits
Fixed Rates and Terms
Have the certainty of a fixed interest rate with a minimum balance of AUD$5,000. HSBC Term Deposits of up to $250,000 are covered by the Financial Claims Scheme.
Terms range from as short as 1 month to a long as 5 years. Choose an interest payment frequency to suit your needs: monthly, quarterly, annually or at maturity.
Important Information: There is no maximum Term Deposit amount. If no re-investment instructions have been received HSBC will auto roll the Term Deposit for the same period, at the prevailing rate for that day. Fees and charges apply if the Term Deposit is broken mid-term, refer to 'Personal Banking Booklet (PDF, 1.50 MB)' for full details.
Open online and earn bonus interest
As an existing HSBC customer, you can open an HSBC Term Deposit instantly online within HSBC Online Banking for terms of 1 to 11 months.
Also, earn a bonus 0.10% p.a. interest on the standard interest rate when you open your Australian Dollar Term Deposit via HSBC Online Banking.
Build your savings
- Choose for your interest to be re-invested or paid into your account including the ability to re-invest partial interest only
- Competitive interest rates
- No account or application fees
- Choose an interest payment frequency to suit your needs: monthly, quarterly, annually or at maturity
- Maturity reminders are conveniently sent to you securely via the Contact Centre within Online Banking (You must be registered for Online Banking)
- Also available in major foreign currencies
Other fees and charges may apply.
Current Special Interest Rate Offers2
| Term |
Interest Paid Monthly |
Interest Paid at Maturity |
|---|---|---|
| 3 Months |
0.25% p.a. |
0.50% p.a. |
| 6 Months |
0.25% p.a. |
0.50%p.a. |
| 12 Months |
0.45% p.a. |
0.70%p.a. |
| Term |
3 Months |
|---|---|
| Interest Paid Monthly |
0.25% p.a. |
| Interest Paid at Maturity |
0.50% p.a. |
| Term |
6 Months |
| Interest Paid Monthly |
0.25% p.a. |
| Interest Paid at Maturity |
0.50%p.a. |
| Term |
12 Months |
| Interest Paid Monthly |
0.45% p.a. |
| Interest Paid at Maturity | 0.70%p.a. |
2 Special Interest Rate Offers valid as at 10 September 2020 (and subject to change)
Account Interest Rates¹
| Term |
$5,000+ |
|---|---|
| 1 Month |
0.15% p.a. |
| 2 Months |
0.25% p.a. |
| 3 Months |
0.50% p.a. |
| 4 Months |
0.40% p.a. |
| 5 Months |
0.40% p.a. |
| 6 Months |
0.50% p.a. |
| 7 Months |
0.40% p.a. |
| 8 Months |
0.40% p.a. |
| 9 Months |
0.40% p.a. |
| 10 Months |
0.40% p.a. |
| 11 Months |
0.40% p.a. |
| 12 Months / 1 Year |
0.70% p.a.2 |
| 15 Months |
0.40% p.a. |
| 18 Months |
0.45% p.a. |
| 2 Years |
0.45% p.a. |
| 3 Years |
0.45% p.a. |
| 4 Years |
0.50% p.a. |
| 5 Years |
0.60% p.a. |
| Term |
1 Month |
|---|---|
| $5,000+ |
0.15% p.a. |
| Term |
2 Months |
| $5,000+ |
0.25% p.a. |
| Term |
3 Months |
| $5,000+ |
0.50% p.a. |
| Term |
4 Months |
| $5,000+ |
0.40% p.a. |
| Term |
5 Months |
| $5,000+ |
0.40% p.a. |
| Term |
6 Months |
| $5,000+ |
0.50% p.a. |
| Term |
7 Months |
| $5,000+ |
0.40% p.a. |
| Term |
8 Months |
| $5,000+ |
0.40% p.a. |
| Term |
9 Months |
| $5,000+ |
0.40% p.a. |
| Term |
10 Months |
| $5,000+ |
0.40% p.a. |
| Term |
11 Months |
| $5,000+ |
0.40% p.a. |
| Term |
12 Months / 1 Year |
| $5,000+ |
0.70% p.a.2 |
| Term |
15 Months |
| $5,000+ |
0.40% p.a. |
| Term |
18 Months |
| $5,000+ | 0.45% p.a. |
| Term |
2 Years |
| $5,000+ |
0.45% p.a. |
| Term |
3 Years |
| $5,000+ |
0.45% p.a. |
| Term |
4 Years |
| $5,000+ |
0.50% p.a. |
| Term |
5 Years |
| $5,000+ |
0.60% p.a. |
Interest Rates current as at 10 September 2020 (and subject to change)
If you would like to receive your interest payments on a monthly or quarterly basis, the applicable interest rates will be 0.25% p.a. (monthly) or 0.15% p.a. (quarterly) less than the rates paid annually/maturity quoted above, excluding rates for 1 month which are the same as in the table above
Apply for a Term Deposit Account
Existing HSBC Online Banking customers
Log on to Online Banking and complete the application form
Not an HSBC Customer?
If you currently don't already have an HSBC account visit your local branch to open a Term Deposit
Make an online enquiry
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