HSBC Online Savings Account

Moneybuddy says

Customer friendly product that allows easy access to your funds but rewards people serious about saving by keeping fees and charges to a minimum and paying bonus interest once balance gets over $5000.

The Basics

Interest paid Monthly

Interest calculated Daily

Headline interest rate 5%

Monthly fee -

Account type Savings

The cool stuff: features

ATM access Yes

EFTPOS access Yes

Branch access Yes

Online access Yes

Age restrictions Yes

Cheque book facility Yes

Debit card Yes

BPAY Yes

GiroPost Yes

Phone access Yes

The Facts & Figures

Balance less than $1k -

Balance less than $5k -

Balance less than $25k -

Balance greater than $100k -

Min. balance $2,000

Min. opening deposit $2,000

Number of free elect transactions per month unlimited

The ugly stuff: fees

Other bank ATM fee $2

EFTPOS transaction fee $0

Branch assistance fee $0

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.

HSBC says

There's no better time to move your everyday banking to HSBC. Take advantage of our Hot Summer Sale, featuring our Online Savings Account.$0 monthly fee

5.00%p.a. interest on balances greater than $5,000 until 1 July 2010*.No initial deposit required to open the account. No minimum ongoing balance required. Unlimited ATM transactions at almost 2,700 HSBC, Westpac, St.George and BankSA ^ branded ATMs nationally without incurring an ATM Operator Fee

Complimentary Online Security Device for maximum Internet Banking protection. Banking options within Australia at no charge including BPay®, HSBC branches, Bank@Post^. Internet and Phone Banking access at no charge^

Key features

$0 monthly fee
5.00%p.a. interest on balances greater than $5,000 until 1 July 2010*.
No initial deposit required to open the account
No minimum ongoing balance required
Unlimited ATM transactions at almost 2,700 HSBC, Westpac, St.George and BankSA ^ branded ATMs nationally without incurring an ATM Operator Fee
Complimentary Online Security Device for maximum Internet Banking protection
Banking options within Australia at no charge including BPay®, HSBC branches, Bank@Post^
Internet and Phone Banking access at no charge^