HSBC Serious Saver

HSBC
Headline interest rate
5.00%
Monthly fee
-
Account type
Savings

Moneybuddy says

Standard savings account from HSBC with a typical savings rate. For exactly the same service (no fees, no minimum balance, link to any account), you can find a higher rate elsewhere. Having said that, 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.

The Basics

Interest paid Monthly

Interest calculated Daily

Headline interest rate 5.00%

Monthly fee -

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 -

Balance less than $5k -

Balance less than $25k -

Balance greater than $100k -

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 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

A seriously great rate anyway you look at it

HSBC Serious Saver can help you reach your savings goals sooner with a high interest rate for every month you don't make a withdrawal. With other great features it's no wonder that HSBC Serious Saver has been awarded the Bronze Winner for Money Magazine's 2008 Best of the Best Award - Best Online Savings Account (Bank).

Product Features:

Earn a high 5%p.a. 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

Key features

  • Earn a high 5%p.a. 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

  • Fairly average savings interest rate

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