HSBC Serious Saver
5.50%
-
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 5.50%
Monthly fee -
Account type Savings
The cool stuff: features
ATM access -
EFTPOS access -
Branch access Yes
Online access 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 5.50%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 5.50%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
More from HSBC
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