HSBC Serious Saver
Moneybuddy says
Savings account from HSBC with a great 4 month introductory rate. Like other online savings accounts there are no fees, no minimum balance, and you can link to any account. If you already bank with HSBC and you're a fan of online banking, this savings account can link up very easily with your everyday account. Just be aware that in any month when you make a withdrawal, you won't receive interest - it's incentive to save and not touch your money!
The Basics
Interest paid Monthly
Interest calculated Daily
Headline interest rate p.a. 5.55%
Monthly fee $0
Account type Savings
The cool stuff: features
ATM access -
EFTPOS access -
Branch access Yes
Internet Banking Yes
Age restrictions Yes
Cheque book facility -
Debit card -
BPAY -
GiroPost -
Phone access Yes
The Facts & Figures
Balance less than $1k (p.a.) -
Balance less than $5k (p.a.) -
Balance less than $25k (p.a.) -
Balance greater than $100k (p.a.) -
Min. balance -
Min. opening deposit -
Number of free elect transactions per month -
The ugly stuff: fees
Other bank ATM fee -
EFTPOS transaction fee -
Branch assistance fee -
* Important note: All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing. Money Buddy earns a referral fee in the form of a commission payment per successful application from redirecting website users to HSBC's website. Website users have no obligation to apply for a product or service that they may be referred to by this website.
HSBC says
HSBC Serious Saver - 5.55% p.a. gets you there sooner. Open a new HSBC Serious Saver to receive a variable introductory rate of 5.55%p.a. for 4 months on balances up to $1,000,000#, and get serious about saving for your next holiday..#Terms and Conditions apply http://www.hsbc.com.au/1/2/serious-saver?WT.ac=AUH_ssphp0811
Key features
- Earn high interest every month you don't withdraw
- No bank fees
- No minimum opening or ongoing balance
- 24/7 online access
- Link Serious Saver to a nominated account for easy access to your savings
- Interest calculated daily and paid monthly
Pros
- No fees
- Link to any (Australian) account
- No minimum opening or ongoing account balance
Cons
- If you make a withdrawal you don't get interest that month
Terms & conditions
Ongoing rate of 4.25% p.a. after the initial 4 month introductory period. Rates current as at 3 May 2012.
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