HSBC Flexi Saver
HSBC Flexi Saver
Mozo Review HSBC Flexi Saver Review
Last updated: 11 November 2019.
What's hot:
1.75% maximum interest rate
No ongoing fees
What's not:
0.40% base rate
Mozo snapshot:
If you’re a saver committed to building your savings stash, then the HSBC Flexi Saver could be the savings account for you. This savings account features a maximum rate of 1.75%, which is one of the more lower rates around. However, there are no upfront or ongoing fees, so you can keep every dollar in your HSBC Flexi Saver.
Key features:
With the HSBC Flexi Saver, reaching you savings goal is made a breeze. In order to qualify for the maximum rate of 1.75%, savers will need to grow their savings account by at least $300 every month. The maximum rate will then apply to the following month’s balance. However if you forget to deposit the money into your HSBC Flexi Saver, you’ll then only earn 0.40% for the month.
Moving money around is also as easy as pie, with unlimited, free transactions either over the phone, the internet or by heading down to your local branch.
Who it's good for:
The HSBC Flexi Saver is a savings account is a great choice for Aussie savers who can make regular contributions of more than $300 every month.
Any catches?
Just remember that if you fail to meet the maximum rate conditions, you will only receive the base rate of 0.40% for the month.
Details
Rates and fees information correct as at 27 January 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
Balances from $0: 0.40% p.a.
Balances from $5,000,000: 0.00% p.a. -
Balances from $0: 1.75% p.a.
Balances from $5,000,000: 0.00% p.a. -
Increase balance by at least $300 in the month (excluding interest)
Fees
-
$0.00
-
n/a
-
unlimited free transactions from phone, internet, branch
-
n/a
-
n/a
-
n/a
-
$0.00
-
$0.00
-
n/a
-
$0.00
-
$0.00
-
n/a
Other financial bits
-
$0.00
-
$0.00
-
Monthly
Features
-
no
-
none
-
no
-
no
-
no
-
yes
-
no
-
yes
-
yes
-
yes
-
no
-
none
-
none
-
none
Customer Reviews
How are HSBC savings accounts rated by the Mozo community?
Latest reviews of HSBC Flexi Saver
-
High interest and branch access.
They have the highest saving rate among physical banks.
Read full reviewThey have the highest saving rate among physical banks.
Price10/10Features10/10Customer service10/10Convenience10/10LessTrust10/10 -
Poor on-line international transfers.
International online transfers are not handled well and they don't deliver the service that is expected from them.
Read full reviewInternational online transfers are not handled well and they don't deliver the service that is expected from them.
Price8/10Features1/10Customer service7/10Convenience3/10LessTrust7/10 -
Good rates and great for online banking
Good rates but not so convenient as far as branch network goes
Read full reviewGood rates but not so convenient as far as branch network goes
Price8/10Features8/10Customer service8/10Convenience5/10LessTrust8/10 -
Great customer service & overall great product
HSBC has been the best bank that I have used till now, great service face to face and over the phone, very professional and great customer service and always going that extra bit to assist
Read full reviewHSBC has been the best bank that I have used till now, great service face to face and over the phone, very professional and great customer service and always going that extra bit to assist
Price9/10Features9/10Customer service10/10Convenience8/10LessTrust10/10 -
Exceptional customer service.
Exceptional customer service.
Read full reviewExceptional customer service.
Price6/10Features5/10Customer service10/10Convenience10/10LessTrust9/10
About HSBC
HSBC in Australia is part of the HSBC Group, one of the world's largest banking and financial services organisations. HSBC has products for every money need you can think of, including savings accounts and term deposits for your day-to-day money management, a suite of home loans to finance your dream home, plus credit card and personal loan options. With branches all over the world, HSBC is the world's local bank!
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