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HSBC term deposit reviews

HSBC
HSBC's overall rating for term deposits

(as rated by the Mozo community)

6.5 / 10

based on 21 reviews

Price

Features

Customer service

Convenience

Trust

Featured term deposit from HSBC

Recent HSBC term deposit reviews

HSBC

HSBC Term Deposit review

Overall rating   6 / 10

Service can be better and more easy to access

Not enough branches and not as convenient.

Full review

Not enough branches and not as convenient.

    Price   5 / 10

    Features   5 / 10

    Customer service   6 / 10

    Convenience   6 / 10

    Trust   6 / 10

Less

Jen, Victoria, reviewed over 4 years ago

HSBC

HSBC Term Deposit review

Overall rating   0 / 10

All banks the same

The world economy is in trouble and so is interest rate setting. Is Australia the next greece.The world economy is unbalanced and uneven.

Full review

The world economy is in trouble and so is interest rate setting. Is Australia the next greece.The world economy is unbalanced and uneven.

    Price   0 / 10

    Features   0 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   0 / 10

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Richard, Queensland, reviewed over 4 years ago

HSBC

HSBC Term Deposit review

Overall rating   10 / 10

Always there for you.

Always helpful and there for you, reminding when things are due for closure and a very personal service.

Full review

Always helpful and there for you, reminding when things are due for closure and a very personal service.

    Price   9 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Jan, Western Australia, reviewed over 4 years ago

HSBC

HSBC Term Deposit review

Overall rating   6 / 10

I love that all question !

Good

    Price   5 / 10

    Features   5 / 10

    Customer service   5 / 10

    Convenience   5 / 10

    Trust   5 / 10

Less

Daniel, , reviewed almost 5 years ago

HSBC

HSBC Term Deposit review

Overall rating   9 / 10

The best offers in the market

Very attractive package compared with others providers especially the big four!

Full review

Very attractive package compared with others providers especially the big four!

    Price   9 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   9 / 10

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Seth, New South Wales, reviewed about 5 years ago

HSBC

HSBC Term Deposit Term Deposit review

Overall rating   10 / 10

Full service

Very full service - I have a sizeable sterling deposit, which is doing well in terms of FX, but the interest rate is derisory. So full service.

Full review

Very full service - I have a sizeable sterling deposit, which is doing well in terms of FX, but the interest rate is derisory. So full service.

    Price   1 / 10

    Features   1 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Phillip, Western Australia, reviewed almost 6 years ago

HSBC

HSBC Term Deposit review

Overall rating   9 / 10

Competitive rate for 5 month terms

HSBC are extremely efficient in the way they operate the account. Their rate is competitive in respect of the length of the term. I wish they would offer better rates on longer terms.

Full review

HSBC are extremely efficient in the way they operate the account. Their rate is competitive in respect of the length of the term. I wish they would offer better rates on longer terms.

    Price   8 / 10

    Features   0 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Name not supplied, New South Wales, reviewed about 6 years ago

HSBC

HSBC Term Deposit Term Deposit review

Overall rating   1 / 10

Friendly does not make up for the waste of my time

The interest rates offered are the lowest around, there is clearly no attempt to even compete. When I called up to inquire about the rates while the consultant was friendly, she instead tried to sell me a high interest account without listening to...

Full review

The interest rates offered are the lowest around, there is clearly no attempt to even compete. When I called up to inquire about the rates while the consultant was friendly, she instead tried to sell me a high interest account without listening to my needs. Because HSBC is still a small bank in Australia there are limited branches which makes it much more trouble for the customer in terms of organising forms to be mailed or faxed (can you believe they don't allow you to email anything in!) and constant phone calls to chase things up!

    Price   1 / 10

    Features   1 / 10

    Customer service   3 / 10

    Convenience   1 / 10

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Rebekah, New South Wales, reviewed over 6 years ago

HSBC

HSBC Term Deposit review

Overall rating   0 / 10

HSBC made a terrible mistake with interest calculation and kept denying the mistake. In other words, HSBC intentionally try to deceive me. When i sent a complaint to their customer relations, no reply. When i resent another complaint, again no...

Full review

HSBC made a terrible mistake with interest calculation and kept denying the mistake. In other words, HSBC intentionally try to deceive me. When i sent a complaint to their customer relations, no reply. When i resent another complaint, again no reply. HSBC is one lousy lazy bum bank. DO not bank with it.

    Price   4 / 10

    Features   4 / 10

    Customer service   0 / 10

    Convenience   4 / 10

    Trust   0 / 10

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Test, Victoria, reviewed almost 8 years ago

HSBC

HSBC Term Deposit review

Overall rating   2 / 10

very low interest rates - not compettive at all

Full review

very low interest rates - not compettive at all

    Price   1 / 10

    Features   2 / 10

    Customer service   2 / 10

    Convenience   2 / 10

    Trust   2 / 10

Less

Vanessa, Victoria, reviewed about 8 years ago

HSBC

HSBC Term Deposit review

Overall rating   9 / 10

Wish there were more branches

Full review

Wish there were more branches

    Price   9 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   4 / 10

    Trust   9 / 10

Less

Gill, Queensland, reviewed about 8 years ago

HSBC

HSBC Term Deposit review

Overall rating   8 / 10

good interest rate, but some FD product duration period to long, pro - can log in the fixed interest for 5 yrs con - 5 yrs is a bit long, if want to use the fund need to break the term n would face pelnity

Full review

good interest rate, but some FD product duration period to long, pro - can log in the fixed interest for 5 yrs con - 5 yrs is a bit long, if want to use the fund need to break the term n would face pelnity

    Price   7 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Yoke, Western Australia, reviewed about 8 years ago

HSBC

HSBC Term Deposit review

Overall rating   9 / 10

HSBC provide the best service for business and personal customers. HSBC treat customers as valued customers, the service goes beyond expectations in some areas. Great service, good understanding of what we require, proactive in finding the best...

Full review

HSBC provide the best service for business and personal customers. HSBC treat customers as valued customers, the service goes beyond expectations in some areas. Great service, good understanding of what we require, proactive in finding the best options / solutions to a problem.

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Clint, New South Wales, reviewed over 8 years ago

HSBC

HSBC Term Deposit review

Overall rating   10 / 10

High fee when using the teller service, which should be remove given that u need to use the service only when issuing bank cheque which already incur fee and on top of that u need to pay teller fee. Teller should be eliminated.

Full review

High fee when using the teller service, which should be remove given that u need to use the service only when issuing bank cheque which already incur fee and on top of that u need to pay teller fee. Teller should be eliminated.

    Price   3 / 10

    Features   6 / 10

    Customer service   6 / 10

    Convenience   10 / 10

    Trust   8 / 10

Less

Tze, Victoria, reviewed about 9 years ago

HSBC

HSBC Term Deposit review

Overall rating   9 / 10

Good interest rates.

Full review

Good interest rates.

    Price   7 / 10

    Features   7 / 10

    Customer service   6 / 10

    Convenience   4 / 10

    Trust   8 / 10

Less

Gordon, New South Wales, reviewed over 9 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Term deposit comparisons on Mozo - rates updated daily

  • Judo Bank Term Deposit

    Judo Bank Term Deposit

    interest rate*

    2.00% p.a.
    6 months

    Minimum deposit

    $1,000

    Go to site

    More info

    • Maximum deposit: $1,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Need more information?
    Go to site

    More info

  • Citi Term Deposit Special

    Citi Term Deposit Special

    • Competitive rates for new to bank funds
    • $0 Setup and account-keeping fees
    • Guaranteed interest rate

    interest rate*

    2.00% p.a.
    3 months

    Minimum deposit

    $250,000

    Go to site

    More info

    • Competitive rates for new to bank funds
    • $0 Setup and account-keeping fees
    • Guaranteed interest rate
    • Maximum deposit: $2,000,000
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Overall rating

    6.7

    Based on 15 Citi term deposit reviews

    Need more information?
    Go to site

    More info

  • Judo Bank Term Deposit

    Judo Bank Term Deposit

    interest rate*

    2.00% p.a.
    1 year

    Minimum deposit

    $1,000

    Go to site

    More info

    • Maximum deposit: $1,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Need more information?
    Go to site

    More info

  • UBank Green Term Deposit

    UBank Green Term Deposit

    • No fees whatsoever
    • Choice of a 2, 5, 7, 8, 10 ,11-month term for deposits from $1,000 - $2 million
    • Quick and easy account opening process

    interest rate*

    1.70% p.a.
    5 months

    Minimum deposit

    $1,000

    Go to site

    More info

    • No fees whatsoever
    • Choice of a 2, 5, 7, 8, 10 ,11-month term for deposits from $1,000 - $2 million
    • Quick and easy account opening process
    • Maximum deposit: $2,000,000
    • Can interest be paid to another bank?: Yes
    • Automatic rollover: Yes
    Overall rating

    8.3

    Based on 100 UBank term deposit reviews

    Need more information?
    Go to site

    More info

  • ANZ Advance Notice Term Deposit

    ANZ Advance Notice Term Deposit

    interest rate*

    1.60% p.a.
    7 months

    Minimum deposit

    $5,000

    Go to site

    More info

    • Maximum deposit: $99,999
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Overall rating

    7.2

    Based on 508 ANZ term deposit reviews

    Need more information?
    Go to site

    More info

*Different interest rates apply to different amounts or different interest payment frequencies.

Want more? Compare all 85 term deposits in the Mozo comparison engine.

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*Different interest rates apply to different amounts or different interest payment frequencies.

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