A reliable and predictable way to save
With an HSBC Term Deposit Account, you can set your savings to work with different terms to choose from and competitive interest rates. Choose to save for as little as 1 month or as long as 5 years. You will need a minimum balance of AUD$5000 to open a Term Deposit.
Make managing your Term Deposit easy with the Everyday Global Account
Open the award-winning Everyday Global Account and easily manage your Term Deposit. You can choose to have flexible interest payments paid into this account or when your Term Deposit matures, it can get paid straight into the Everyday Global Account.
What you'll get with an HSBC Term Deposit Account
Interest rates
Term | $5,000+ |
---|---|
1 month | 1.85% p.a. |
2 months | 2.00% p.a. |
3 months | 4.00% p.a. |
4 months | 3.75% p.a. |
5 months | 3.75% p.a. |
6 months | 4.40% p.a. |
7 months | 4.00% p.a. |
8 months | 4.00% p.a. |
9 months | 4.50% p.a. |
10 months | 4.00% p.a. |
11 months | 4.00% p.a. |
12 months (1 year) | 5.00% p.a. |
15 months | 3.75% p.a. |
18 months | 3.75% p.a. |
2 years | 4.10% p.a. |
3 years | 4.00% p.a. |
4 years | 4.00% p.a. |
5 years | 4.00% p.a |
Term | 1 month |
---|---|
$5,000+ | 1.85% p.a. |
Term | 2 months |
$5,000+ | 2.00% p.a. |
Term | 3 months |
$5,000+ | 4.00% p.a. |
Term | 4 months |
$5,000+ | 3.75% p.a. |
Term | 5 months |
$5,000+ | 3.75% p.a. |
Term | 6 months |
$5,000+ | 4.40% p.a. |
Term | 7 months |
$5,000+ | 4.00% p.a. |
Term | 8 months |
$5,000+ | 4.00% p.a. |
Term | 9 months |
$5,000+ | 4.50% p.a. |
Term | 10 months |
$5,000+ | 4.00% p.a. |
Term | 11 months |
$5,000+ | 4.00% p.a. |
Term | 12 months (1 year) |
$5,000+ | 5.00% p.a. |
Term | 15 months |
$5,000+ | 3.75% p.a. |
Term | 18 months |
$5,000+ | 3.75% p.a. |
Term | 2 years |
$5,000+ | 4.10% p.a. |
Term | 3 years |
$5,000+ | 4.00% p.a. |
Term | 4 years |
$5,000+ | 4.00% p.a. |
Term | 5 years |
$5,000+ | 4.00% p.a |
For interest paid quarterly, the rate is 0.10% p.a. less than the standard rate above. For interest paid monthly, the rate is 0.15% p.a. less than the standard rate above. Interest rates are current as at 21 February 2024 and subject to change.
What you need to know
Are you eligible?
To open an HSBC Term Deposit Account, you'll need to:
- Be at least 18 years old
- Have a passport or an Australian driver's licence
- Have an Australian residential address
Ready to get started?
New to HSBC
If you've never banked with us before, you can leave us your details and we'll get back to you soon about your HSBC Term Deposit Account.
Existing HSBC customer
If you already bank with us, you can apply via HSBC Online Banking.