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
Rates & Fees:
- $0 establishment and ongoing fees
- $30 early withdrawal fee
- Interest reduction for early termination1
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 the 'Transaction and Savings Accounts Terms (PDF, 1.10 MB)' for full details.
Open online
As an existing HSBC customer, you can open an HSBC Term Deposit instantly online within HSBC Online Banking for terms 1 to 12 months
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 |
Not Currently Available |
0.25% p.a. |
6 Months |
0.05% p.a. |
0.30%p.a. |
12 Months |
0.35% p.a. |
0.60%p.a. |
Term |
3 Months |
---|---|
Interest Paid Monthly |
Not Currently Available |
Interest Paid at Maturity |
0.25% p.a. |
Term |
6 Months |
Interest Paid Monthly |
0.05% p.a. |
Interest Paid at Maturity |
0.30%p.a. |
Term |
12 Months |
Interest Paid Monthly |
0.35% p.a. |
Interest Paid at Maturity | 0.60%p.a. |
2 Special Interest Rate Offers valid as at 25 November 2020 (and subject to change)
Account Interest Rates
Term |
$5,000+ |
---|---|
1 Month |
0.10% p.a. |
2 Months |
0.10% p.a. |
3 Months |
0.25% p.a. |
4 Months |
0.35% p.a. |
5 Months |
0.30% p.a. |
6 Months |
0.30% p.a. |
7 Months |
0.30% p.a. |
8 Months |
0.30% p.a. |
9 Months |
0.30% p.a. |
10 Months |
0.30% p.a. |
11 Months |
0.30% p.a. |
12 Months / 1 Year |
0.60% p.a.2 |
15 Months |
0.45% p.a. |
18 Months |
0.50% p.a. |
2 Years |
0.55% p.a. |
3 Years |
0.55% p.a. |
4 Years |
0.55% p.a. |
5 Years |
0.55% p.a. |
Term |
1 Month |
---|---|
$5,000+ |
0.10% p.a. |
Term |
2 Months |
$5,000+ |
0.10% p.a. |
Term |
3 Months |
$5,000+ |
0.25% p.a. |
Term |
4 Months |
$5,000+ |
0.35% p.a. |
Term |
5 Months |
$5,000+ |
0.30% p.a. |
Term |
6 Months |
$5,000+ |
0.30% p.a. |
Term |
7 Months |
$5,000+ |
0.30% p.a. |
Term |
8 Months |
$5,000+ |
0.30% p.a. |
Term |
9 Months |
$5,000+ |
0.30% p.a. |
Term |
10 Months |
$5,000+ |
0.30% p.a. |
Term |
11 Months |
$5,000+ |
0.30% p.a. |
Term |
12 Months / 1 Year |
$5,000+ |
0.60% p.a.2 |
Term |
15 Months |
$5,000+ |
0.45% p.a. |
Term |
18 Months |
$5,000+ | 0.50% p.a. |
Term |
2 Years |
$5,000+ |
0.55% p.a. |
Term |
3 Years |
$5,000+ |
0.55% p.a. |
Term |
4 Years |
$5,000+ |
0.55% p.a. |
Term |
5 Years |
$5,000+ |
0.55% p.a. |
Interest Rates current as at 25 November 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
You might be interested in

Serious Saver Account
A savings account with a great interest rate.

Flexi Saver Account
Saving just got more flexible and more rewarding with the Flexi Saver Monthly Bonus rate.

Compare Accounts
Compare our savings accounts to find the right fit for you.