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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.
- No fees
- Link to any (Australian) account
- No minimum opening or ongoing account balance
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). Apply now and start saving!
- Earn an incredible 7.50% p.a for every month you don't make a withdrawal
- No bank fees
- No minimum opening or ongoing account balance
- Link to a nominated account
| ATM access | - |
| Age restrictions | Yes |
| Balance less than $1k | - |
| Branch access | Yes |
| Cheque Book Facility | - |
| Balance less than $25k | - |
| EFTPOS access | - |
| Interest calculated | Daily |
| Minimum balance | - |
| Online access | Yes |
| Interest paid | Monthly |
| Minimum opening deposit | - |
| Phone access | Yes |
| Balance great than $100k | - |
| Account Keeping Fee | - |
| Special Offers | - |
| BPAY / BillPay | - |
| Debit Card | - |
| Free electronic Transaction per month | - |
| GiroPost | - |
| Branch Assistance Fee | - |
| EFTPOS Transaction Fee | - |
| Other bank ATM fee | - |
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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