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 17 April 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

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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!

See HSBC savings accounts

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HSBC

Serious Saver

0.15% p.a.(for $0 and over)

0.30% p.a. (for $0 to $1,000,000)

Yes up to $250,000

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AMP Bank

AMP Saver Account

1.25% p.a. (for $0 to $250,000)

0.10% p.a.(for $0 to $5,000,000)

Yes up to $250,000

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MyState Bank

Bonus Saver Account

1.10% p.a. (for $0 to $250,000)

0.10% p.a.(for $0 and over)

Yes up to $250,000

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Bankwest

Hero Saver

0.80% p.a. (for $0 to $250,001)

0.01% p.a.(for $0 to $5,000,000)

Yes up to $250,000

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HSBC

Serious Saver

0.30% p.a. (for $0 to $1,000,000)

0.15% p.a.(for $0 and over)

Yes up to $250,000

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HSBC

Flexi Saver

0.25% p.a. (for $0 to $5,000,000)

0.05% p.a.(for $0 to $5,000,000)

Yes up to $250,000

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Bank of Queensland

Fast Track Saver Account

1.05% p.a. (for $1 to $250,000)

0.05% p.a.(for $1 and over)

Yes up to $250,000

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AMP Bank

AMP Saver Account

1.25% p.a. (for $0 to $250,000)

0.10% p.a.(for $0 to $5,000,000)

Yes up to $250,000

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MyState Bank

Bonus Saver Account

1.10% p.a. (for $0 to $250,000)

0.10% p.a.(for $0 and over)

Yes up to $250,000

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HSBC

Serious Saver

0.30% p.a. (for $0 to $1,000,000)

0.15% p.a.(for $0 and over)

Yes up to $250,000

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Bankwest

Hero Saver

0.80% p.a. (for $0 to $250,001)

0.01% p.a.(for $0 to $5,000,000)

Yes up to $250,000

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HSBC

Flexi Saver

0.25% p.a. (for $0 to $5,000,000)

0.05% p.a.(for $0 to $5,000,000)

Yes up to $250,000

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Bank of Queensland

Fast Track Saver Account

1.05% p.a. (for $1 to $250,000)

0.05% p.a.(for $1 and over)

Yes up to $250,000

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Bankwest

Hero Saver

0.01% p.a.(for $0 to $5,000,000)

0.80% p.a. (for $0 to $250,001)

Yes up to $250,000

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ANZ

Progress Saver

0.01% p.a.(for $0 and over)

0.40% p.a. (for $0 and over)

Yes up to $250,000

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Newcastle Permanent

Smart Saver

0% p.a.(for $0 and over)

1.40% p.a. (for $0 and over)

Yes up to $250,000

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Auswide Bank

Ziggy Kids Saver

0.01% p.a.(for $0 and over)

2.01% p.a. (for $0 and over)

Yes up to $250,000