HSBC Bank Fixed Deposit

HSBC fixed deposit schemes are designed to help you earn higher returns on your savings than you would otherwise get with traditional savings accounts, provided you do not access your deposited funds for a fixed period of time. HSBC offers 3 different tiers of interest rates based on what type of relationship you hold with the bank. You can fall into any of these 3 tiers: Personal Banking, HSBC Advance, or HSBC Premier banking customers. These tiers are applicable for both SGD and foreign currency term deposit accounts. With the foreign currency time deposits, you may choose to deposit your funds in any of the 10 major currencies offered by the bank. You can earn as much as 2.59% p.a. interest on tenures of up to 24 months when you secure your additional funds in fixed deposits with HSBC.

Features and Benefits of HSBC FD??

  • Affordable minimum deposit amount starting at S$5,000.
  • 3 different tiers of banking customers are eligible to earn varying interest rates of up to 2.59% p.a.
  • Flexible tenors ranging from 2 weeks to 24 months.
  • Automatic renewal of SGD term deposits upon maturity.
  • Withdraw or deposit currencies conveniently into your time deposit account with telegraphic transfers, demand drafts, cheques, and/or cash.

HSBC FD Schemes

Singapore Dollar Time Deposit

HSBC provides separate interest rates for different types of banking customers. The 3 tiers of banking customers include Personal Banking, HSBC Advance, and HSBC Premier customers. This account offers up to 0.75% p.a. interest on term deposits. The tenures available range from 1 month to 24 months and a minimum placement amount of S$5,000 is required to open an account.

Foreign Currency Term Deposit

If you will likely need or have to use foreign currency in the future, this time deposit account may come in useful. You can earn up to 2.59% p.a. interest on foreign currency deposits with flexible tenures ranging from 2 weeks to 12 months. The 10 major foreign currencies you may place your deposits in are: Chinese Renminbi (CNY), US Dollar (USD), Australian Dollar (AUD), Canadian Dollar (CAD), New Zealand Dollar (NZD), Hong Kong Dollar (HKD), Sterling Pound (GBP), Swiss Franc (CHF), Euro (EUR), and Japanese Yen (JPY). Additionally, if exchange rates in the market happen to move in your favour, you may also benefit from capital gains.

HSBC Fixed Deposit Interest Rate

All HSBC Singapore Dollar Time Deposits offer tenures ranging from 1 month to 24 months.

This table illustrates the fixed deposit interest rates for different tiers of HSBC banking customers:

SGD Time Deposit Rates - For Personal Banking Customers

Deposit Amount (SGD) Tenure/Rates (% p.a.)
1 Month 3 Months 6 Months 12 Months 24 Months
$5,000 - $49,999 0.05 0.10 0.15 0.25 0.65
$50,000 - $99,999 0.05 0.10 0.15 0.25 0.65
$100,000 - $199,999 0.05 0.10 0.15 0.25 0.65
$200,000 - $499,999 0.05 0.10 0.15 0.25 0.65
$500,000 - $999,999 0.05 0.10 0.15 0.25 0.65
$1M & above 0.05 0.10 0.15 0.25 0.65

Note: Rates are only indicative and are correct as of 23 Janaury 2019.

SGD Time Deposit Rates - For HSBC Advance only

Deposit Amount (SGD) Tenure/Rates (% p.a.)
1 Month 3 Months 6 Months 12 Months 24 Months
$5,000 - $49,999 0.05 0.10 0.15 0.25 0.70
$50,000 - $99,999 0.05 0.10 0.15 0.25 0.70
$100,000 - $199,999 0.05 0.10 0.15 0.25 0.70
$200,000 - $499,999 0.05 0.10 0.15 0.25 0.70
$500,000 - $999,999 0.05 0.10 0.15 0.25 0.70
$1M & above 0.05 0.10 0.15 0.25 0.70

Note: Rates are only indicative and are correct as of 23 Janaury 2019.

SGD Time Deposit Rates - For HSBC Premier Only

Deposit Amount (SGD) Tenure/Rates (% p.a.)
1 Month 3 Months 6 Months 12 Months 24 Months
$5,000 - $49,999 0.08 0.13 0.18 0.28 0.75
$50,000 - $99,999 0.08 0.13 0.18 0.28 0.75
$100,000 - $199,999 0.08 0.13 0.18 0.28 0.75
$200,000 - $499,999 0.08 0.13 0.18 0.28 0.75
$500,000 - $999,999 0.08 0.13 0.18 0.28 0.75
$1M & above 0.08 0.13 0.18 0.28 0.75

Note: Rates are only indicative and are correct as of 23 Janaury 2019.

HSBC Foreign Currency FD Interest Rates

All HSBC Foreign Currency Time Deposits offer tenures ranging from 2 weeks to 12 months.

This table illustrates the interest rates for Foreign Currency Time Deposits for Personal Banking customers:

Currency Amount Interest rate (p.a.)
USD 25,000 units to 1 million units and above 0.64% to 2.39%
HKD 100,000 units to 10 million units and above 0% to 2.05%
AUD 25,000 units to 1 million units and above 0% to 1.33%
CAD 25,000 units to 1 million units and above 0% to 1.93%
NZD 25,000 units to 1 million units and above 0% to 1.32%
EUR 25,000 units to 1 million units and above 0%
JPY 10 million units to 25 million units and above 0%
CHF 25,000 units to 1 million units and above 0%
GBP 25,000 units to 1 million units and above 0% to 0.45%
CNY 250,000 units to 10 million units and above -

Note: Rates are only indicative and are correct as on 12 December 2018.

This table illustrates the interest rates for Foreign Currency Time Deposits for HSBC Advance banking customers:

Currency Amount Interest rate (p.a.)
USD 25,000 units to 1 million units and above 0.64% to 2.44%
HKD 100,000 units to 10 million units and above 0% to 2.1%
AUD 25,000 units to 1 million units and above 0% to 1.38%
CAD 25,000 units to 1 million units and above 0% to 1.98%
NZD 25,000 units to 1 million units and above 0% to 1.37%
EUR 25,000 units to 1 million units and above 0%
JPY 10 million units to 25 million units and above 0%
CHF 25,000 units to 1 million units and above 0%
GBP 25,000 units to 1 million units and above 0% to 0.5%
CNY 250,000 units to 10 million units and above 0% to 1.8%

Note: Rates are only indicative and are as of 12 December 2018.

This table illustrates the interest rates for Foreign Currency Time Deposits for HSBC Premier banking customers:

Currency Amount Interest rate (p.a.)
USD 25,000 units to 1 million units and above 0.64% to 2.59%
HKD 100,000 units to 10 million units and above 0% to 2.25%
AUD 25,000 units to 1 million units and above 0% to 1.53%
CAD 25,000 units to 1 million units and above 0% to 2.13%
NZD 25,000 units to 1 million units and above 0% to 1.52%
EUR 25,000 units to 1 million units and above 0%
JPY 10 million units to 25 million units and above 0%
CHF 25,000 units to 1 million units and above 0%
GBP 25,000 units to 1 million units and above 0% to 0.65%
CNY 250,000 units to 10 million units and above 0% to 1.95%

Note: Rates are only indicative and are correct as of 12 December 2018.

Eligibility Criteria to Open an HSBC FD Account

  • Minimum tenor: Starts from 2 weeks.
  • Maximum tenor: Up to 24 months.
  • Minimum placement amount: Starts at S$5,000 or 25,000 units of the chosen currency.

Required documents:

  • Singaporeans & PR holders: NRIC and proof of address (if the residential address is not the same as on NRIC)
  • Foreigners: Valid passport and address proof (utility bills, etc.)

Other Deposit Accounts Offered by the Bank

HSBC offers multiple savings and chequing accounts that you can use to manage your money with.

Chequing accounts available with HSBC include:

  • HSBC Advance
  • HSBC Current Account
  • HSBC Flexi Account
  • HSBC Foreign Currency Current Account
  • HSBC eFlexi Account
  • HSBC SGD Current Account

Savings accounts offered by HSBC include:

  • HSBC Savings Account
  • HSBC Foreign Currency Savings Account
  • HSBC Multi Currency Savings Account
  • HSBC Singapore Dollar Savings Account
  • HSBC Premier Account
  • HSBC Premier Lite Savings Account
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