| Product | Interest rate | Maximum rate | Govt deposit guarantee |
|---|---|---|---|
| Bonus Savings |
2.00% p.a.(for $0 to $5,000,000) |
4.25% p.a. (for $0 to $5,000,000) |
Yes up to $250,000 |
| Everyday Savings |
3.00% p.a.(for $0 to $1,000,000) |
5.15% p.a. (for $0 to $1,000,000) |
Yes up to $250,000 |
Mozo users have rated HSBC savings accounts on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
332 Reviews
The HSBC Everyday Global Account is a comprehensive banking solution tailored for individuals and businesses with international financial needs. Key features include multi-currency functionality, no account keeping fees, robust online banking capabilities, no fees on international purchases, and favourable currency exchange rates. Additionally, the account offers a 2% cash back feature on eligible purchases made with the HSBC debit card. Benefits encompass convenience, cost savings, security, flexibility, and the added incentive of earning cash back on transactions.
Read full reviewThe HSBC Everyday Global Account is a comprehensive banking solution tailored for individuals and businesses with international financial needs. Key features include multi-currency functionality, no account keeping fees, robust online banking capabilities, no fees on international purchases, and favourable currency exchange rates. Additionally, the account offers a 2% cash back feature on eligible purchases made with the HSBC debit card. Benefits encompass convenience, cost savings, security, flexibility, and the added incentive of earning cash back on transactions.
HSBC offer some great savings products, with the HSBC Bonus Savings Account offering one of the best ongoing interest rates in the market at the moment. I like that you don’t need to have a transaction account for this product or additional requirements to transact. Also the flexibility of having no minimum opening balance and bonus interest paid up to $5m makes HSBC a bank I would recommend as being in touch with what customers are looking for in a savings product. It’s also lovely that there are multiple branches available if needed but if not, that the web and mobile experience is user friendly. I have called their customer service line a few times and received an excellent response as well, so overall I think HSBC have their finger on the pulse.
Read full reviewHSBC offer some great savings products, with the HSBC Bonus Savings Account offering one of the best ongoing interest rates in the market at the moment. I like that you don’t need to have a transaction account for this product or additional requirements to transact. Also the flexibility of having no minimum opening balance and bonus interest paid up to $5m makes HSBC a bank I would recommend as being in touch with what customers are looking for in a savings product. It’s also lovely that there are multiple branches available if needed but if not, that the web and mobile experience is user friendly. I have called their customer service line a few times and received an excellent response as well, so overall I think HSBC have their finger on the pulse.
DO NOT open accounts with this bank - there is no accountability, no safety and no ability to provide any customer support via its dreadful offshore email and call centres, etc. All you get are AI bot-style responses. Very dangerous and dreadful circumstances for your money indeed. You will literally suffer a mental breakdown. I transferred $20, 000 euros from HSBC Australia to my bank account in a Hong Kong bank and the money is now lost. After one week, the transfer of euros has not arrived. I'm thinking I have to call the Australian Federal Police because I cannot use any HSBC Australia mechanisms to find my money.
Read full reviewDO NOT open accounts with this bank - there is no accountability, no safety and no ability to provide any customer support via its dreadful offshore email and call centres, etc. All you get are AI bot-style responses. Very dangerous and dreadful circumstances for your money indeed. You will literally suffer a mental breakdown. I transferred $20, 000 euros from HSBC Australia to my bank account in a Hong Kong bank and the money is now lost. After one week, the transfer of euros has not arrived. I'm thinking I have to call the Australian Federal Police because I cannot use any HSBC Australia mechanisms to find my money.
Customer service at the HSBC bank is excellent. As I am in my 70's it is important to me to have staff that could help me set up my savings account and debit card, as well as explain everything in simple layman's terms. . Wing not only sent up my bank account and debit card, he explained everything to me And made sure I understood. He also put an app in my ancient cell phone. . Jom who also works there has also been helpful and caring. The receptionist is very sweet. So glad I decided to change banks. I recommended the bank to my friend and he signed up online.
Read full reviewCustomer service at the HSBC bank is excellent. As I am in my 70's it is important to me to have staff that could help me set up my savings account and debit card, as well as explain everything in simple layman's terms. . Wing not only sent up my bank account and debit card, he explained everything to me And made sure I understood. He also put an app in my ancient cell phone. . Jom who also works there has also been helpful and caring. The receptionist is very sweet. So glad I decided to change banks. I recommended the bank to my friend and he signed up online.