Interest rate
0.05% p.a.(for $0 to $5,000,000)
Maximum rate
0.25% p.a. (for $0 to $5,000,000)
Govt deposit guarantee
Yes up to $250,000
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Mozo editorial review HSBC Flexi Saver - last updated: 22 February 2021

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What's hot
  • 0.25% maximum interest rate
  • No ongoing fees
What's not
  • 0.05% 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 0.25% and no upfront or ongoing fees, so you can keep every dollar in your HSBC Flexi Saver.

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Key features

With the HSBC Flexi Saver, reaching you savings goal could be made a breeze. In order to qualify for the maximum rate of 0.25%, 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 0.05% 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. 

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Who is it 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. 

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Any catches

Just remember that if you fail to meet the maximum rate conditions, you will only receive the base rate of 0.05% for the month.

Details

Rates and fees information correct as at 3 August 2021. 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: 0.05% p.a.
Balances from $5,000,000: 0.00% p.a.

Balances from $0: 0.25% 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?

Overall
7.4/10
Price
7.3/10
Features
6.5/10
Customer service
7.1/10
Convenience
6.7/10
Trust
7.8/10

Latest reviews of HSBC Flexi Saver Savings Account

About HSBC