• HSBC Bank Fixed Deposit

    Credit Card Application

    When you consider opening a time deposit account, your returns are assured. You can earn a higher interest rate with an HSBC time deposit account when compared to a traditional savings account.

    Types of HSBC Fixed Deposits

    HSBC Singapore offers two types of time deposit schemes:

    • Singapore dollar time deposits
    • Foreign currency time deposits

    Features of a Singapore Dollar Time Deposit

    • The minimum deposit amount to open an SGD time deposit account is S$5,000.
    • The SGD time deposit of a non-bank depositor is insured by the Singapore Deposit Insurance Corporation.
    • In comparison to an ordinary savings account, an SGD time deposit earns you a higher rate of interest.
    • Automatic renewal of your SGD time deposit upon maturity.
    • Premature withdrawal is allowed on this time deposit and will be subject to the terms and conditions applicable. Also, premature withdrawal charges will be applicable.
    • Tenors include – 1, 3, 6, 9, 12, and 24 months.

    Rates of Interest offered by HSBC Bank for Singapore Dollar Time Deposit

    SGD Time Deposit Rates - For HSBC Personal Banking Customers

    Placement Amount / Tenure 1 Month (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.) 24 Months (p.a.)
    S$5,000 to S$49,999 0.05% 0.10% 0.15% 0.20% 0.25% 0.65%
    S$50,000 to S$99,999 0.05% 0.10% 0.15% 0.20% 0.25% 0.65%
    S$100,000 to S$199,999 0.05% 0.10% 0.15% 0.20% 0.25% 0.65%
    S$200,000 to S$499,999 0.05% 0.10% 0.15% 0.20% 0.25% 0.65%
    S$500,000 to S$999,999 0.05% 0.10% 0.15% 0.20% 0.25% 0.65%
    S$1 Million and above 0.05% 0.10% 0.15% 0.20% 0.25% 0.65%

    SGD Time Deposit Rates – Applicable for HSBC Advance Customers Only

    Placement Amount / Tenure 1 Month (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.) 24 Months (p.a.)
    S$5,000 to S$49,999 0.05% 0.10% 0.15% 0.20% 0.25% 0.70%
    S$50,000 to S$99,999 0.05% 0.10% 0.15% 0.20% 0.25% 0.70%
    S$100,000 to S$199,999 0.05% 0.10% 0.15% 0.20% 0.25% 0.70%
    S$200,000 to S$499,999 0.05% 0.10% 0.15% 0.20% 0.25% 0.70%
    S$500,000 to S$999,999 0.05% 0.10% 0.15% 0.20% 0.25% 0.70%
    S$1 Million and above 0.05% 0.10% 0.15% 0.20% 0.25% 0.70%

    SGD Time Deposit Rates - Applicable for HSBC Premier Customers Only

    Placement Amount / Tenure 1 Month (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.) 24 Months (p.a.)
    S$5,000 to S$49,999 0.08% 0.13% 0.18% 0.23% 0.28% 0.75%
    S$50,000 to S$99,999 0.08% 0.13% 0.18% 0.23% 0.28% 0.75%
    S$100,000 to S$199,999 0.08% 0.13% 0.18% 0.23% 0.28% 0.75%
    S$200,000 to S$499,999 0.08% 0.13% 0.18% 0.23% 0.28% 0.75%
    S$500,000 to S$999,999 0.08% 0.13% 0.18% 0.23% 0.28% 0.75%
    S$1 Million and above 0.08% 0.13% 0.18% 0.23% 0.28% 0.75%

    Features of a Foreign Currency Time Deposit

    • Foreign currency options include:
      • United States Dollar (USD)
      • Great Britain Pound (GBP)
      • Japanese Yen (JPY)
      • New Zealand Dollar (NZD)
      • Australian Dollar (AUD)
      • Hong Kong Dollar (HKD)
      • Canadian Dollar (CAD)
      • Swiss Franc (CHF)
      • Euro (EUR)
      • Chinese Renminbi (CNY)
    • The minimum placement amount to open an account in currencies USD, GBP, AUD and EUR is 25,000 units in the respective currency.
    • The minimum placement amount to open an HKD time deposit is HKD100,000.
    • The minimum placement amount to open a CNY time deposit is CNY250,000.
    • The minimum placement amount to open a JPY time deposit is JPY10 million.
    • Tenures for this deposit include 2 weeks, 3 weeks, 1, 2,3, 6, 9, and 12 months.
    • Premature withdrawals are allowed on a foreign currency time deposit. However, terms and conditions will be applicable.

    Foreign Currency Fixed Deposit Rates

    USD Time Deposit Rates - For HSBC Personal Banking Customers

    Placement Amount / Tenure 2 Weeks(p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    USD25,000 to USD49,999 0.24% 0.29% 0.70% 0.86% 1.16% 1.31% 1.38% 1.45%
    USD50,000 to USD99,999 0.29% 0.34% 0.90% 1.06% 1.36% 1.61% 1.68% 1.75%
    USD100,000 to USD249,999 0.54% 0.59% 1.20% 1.36% 1.66% 1.76% 1.83% 1.90%
    USD250,000 to USD499,999 0.59% 0.64% 1.30% 1.46% 1.76% 1.86% 1.93% 2.00%
    USD500,000 to USD999,999 0.74% 0.79% 1.35% 1.51% 1.81% 1.91% 1.98% 2.05%
    USD 1 Million and above 0.79% 0.84% 1.45% 1.61% 1.91% 2.01% 2.08% 2.15%

    USD Time Deposit Rates – Applicable for HSBC Advance Customers Only

    Placement Amount / Tenure 2 Weeks(p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    USD25,000 to USD49,999 0.24% 0.29% 0.75% 0.91% 1.21% 1.36% 1.43% 1.50%
    USD50,000 to USD99,999 0.29% 0.34% 0.95% 1.11% 1.41% 1.66% 1.73% 1.80%
    USD100,000 to USD249,999 0.54% 0.59% 1.25% 1.41% 1.71% 1.81% 1.88% 1.95%
    USD250,000 to USD499,999 0.59% 0.64% 1.35% 1.51% 1.81% 1.91% 1.98% 2.05%
    USD500,000 to USD999,999 0.74% 0.79% 1.40% 1.56% 1.86% 1.96% 2.03% 2.10%
    USD1 Million and  above 0.79% 0.84% 1.50% 1.66% 1.96% 2.06% 2.13% 2.20%

    USD Time Deposit Rates - Applicable for HSBC Premier Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    USD25,000 to USD49,999 0.24% 0.29% 0.90% 1.06% 1.36% 1.51% 1.58% 1.65%
    USD50,000 to USD99,999 0.29% 0.34% 1.10% 1.26% 1.56% 1.81% 1.88% 1.95%
    USD100,000 to USD249,999 0.54% 0.59% 1.40% 1.56% 1.86% 1.96% 2.03% 2.10%
    USD250,000 to USD499,999 0.59% 0.64% 1.50% 1.66% 1.96% 2.06% 2.13% 2.20%
    USD500,000 to USD999,999 0.74% 0.79% 1.55% 1.71% 2.01% 2.11% 2.18% 2.25%
    USD1 Million and above 0.79% 0.84% 1.65% 1.81% 2.11% 2.21% 2.28% 2.35%

    GBP Time Deposit Rates - For HSBC Personal Banking Customers

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    GBP25,000 to GBP49,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    GBP50,000 to GBP99,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    GBP100,000 to GBP249,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.00% 0.13%
    GBP250,000 to GBP499,999 0.00% 0.00% 0.00% 0.00% 0.05% 0.18% 0.00% 0.33%
    GBP500,000 to GBP999,999 0.00% 0.00% 0.00% 0.00% 0.10% 0.23% 0.00% 0.38%
    GBP1 Million and above 0.00% 0.00% 0.00% 0.03% 0.15% 0.28% 0.00% 0.43%

    GBP Time Deposit Rates – Applicable for HSBC Advance Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    GBP25,000 to GBP49,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    GBP50,000 to GBP99,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    GBP100,000 to GBP249,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.08% 0.00% 0.18%
    GBP250,000 to GBP499,999 0.00% 0.00% 0.00% 0.00% 0.10% 0.23% 0.00% 0.38%
    GBP500,000 to GBP999,999 0.00% 0.00% 0.00% 0.03% 0.15% 0.28% 0.00% 0.43%
    GBP1 Million and above 0.00% 0.00% 0.00% 0.08% 0.20% 0.33% 0.00% 0.48%

    GBP Time Deposit Rates - Applicable for HSBC Premier Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    GBP25,000 to GBP49,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    GBP50,000 to GBP99,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.00% 0.13%
    GBP100,000 to GBP249,999 0.00% 0.00% 0.00% 0.00% 0.05% 0.23% 0.00% 0.33%
    GBP250,000 to GBP499,999 0.00% 0.00% 0.03% 0.13% 0.25% 0.38% 0.00% 0.53%
    GBP500,000 to GBP999,999 0.00% 0.00% 0.08% 0.18% 0.30% 0.43% 0.00% 0.58%
    GBP1 Million and above 0.00% 0.00% 0.13% 0.23% 0.35% 0.48% 0.00% 0.63%

    JPY Time Deposit Rates - For HSBC Personal Banking Customers

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    JPY 10 Million to JPY24,999,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    JPY 25 Million and above 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

    JPY Time Deposit Rates – Applicable for HSBC Advance Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    JPY10 Million to JPY24,999,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    JPY25 Million and above 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

    JPY Time Deposit Rates - Applicable for HSBC Premier Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    JPY10 Million to JPY24,999,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    JPY25 Million and above 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

    CAD Time Deposit Rates - For HSBC Personal Banking Customers

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    CAD25,000 to CAD49,999 0.00% 0.00% 0.00% 0.00% 0.17% 0.62% 0.00% 0.80%
    CAD50,000 to CAD99,999 0.00% 0.00% 0.37% 0.46% 0.67% 1.02% 0.00% 1.20%
    CAD100,000 to CAD249,999 0.00% 0.00% 0.52% 0.61% 0.82% 1.17% 0.00% 1.35%
    CAD250,000 to CAD499,999 0.00% 0.00% 0.62% 0.71% 0.92% 1.22% 0.00% 1.40%
    CAD500,000 to CAD999,999 0.00% 0.00% 0.72% 0.81% 1.02% 1.32% 0.00% 1.50%
    CAD1 Million and above 0.00% 0.00% 0.77% 0.86% 1.07% 1.42% 0.00% 1.60%

    CAD Time Deposit Rates – Applicable for HSBC Advance Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    CAD25,000 to CAD49,999 0.00% 0.00% 0.00% 0.01% 0.22% 0.67% 0.00% 0.85%
    CAD50,000 to CAD99,999 0.00% 0.00% 0.42% 0.51% 0.72% 1.07% 0.00% 1.25%
    CAD100,000 to CAD249,999 0.00% 0.00% 0.57% 0.66% 0.87% 1.22% 0.00% 1.40%
    CAD250,000 to CAD499,999 0.00% 0.00% 0.67% 0.76% 0.97% 1.27% 0.00% 1.45%
    CAD500,000 to CAD999,999 0.00% 0.00% 0.77% 0.86% 1.07% 1.37% 0.00% 1.55%
    CAD1 Million and above 0.00% 0.00% 0.82% 0.91% 1.12% 1.47% 0.00% 1.65%

    CAD Time Deposit Rates - Applicable for HSBC Premier Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    CAD25,000 to CAD49,999 0.00% 0.00% 0.07% 0.16% 0.37% 0.82% 0.00% 1.00%
    CAD50,000 to CAD99,999 0.00% 0.00% 0.57% 0.66% 0.87% 1.22% 0.00% 1.40%
    CAD100,000 to CAD249,999 0.00% 0.00% 0.72% 0.81% 1.02% 1.37% 0.00% 1.55%
    CAD250,000 to CAD499,999 0.00% 0.00% 0.82% 0.91% 1.12% 1.42% 0.00% 1.60%
    CAD500,000 to CAD999,999 0.00% 0.00% 0.92% 1.01% 1.22% 1.52% 0.00% 1.70%
    CAD1 Million and above 0.00% 0.00% 0.97% 1.06% 1.27% 1.62% 0.00% 1.80%

    CHF Time Deposit Rates - For HSBC Personal Banking Customers

    Placement Amount / Tenure 2 Weeks (p.a.)   3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    CHF25,000 to CHF49,999 0.00%   0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    CHF50,000 to CHF99,999 0.00%   0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    CHF100,000 to CHF249,999 0.00%   0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    CHF250,000 to CHF499,999 0.00%   0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    CHF500,000 to CHF999,999 0.00%   0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    CHF1 Million and above 0.00%   0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

    CHF Time Deposit Rates – Applicable for HSBC Advance Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.)   3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    CHF25,000 to CHF49,999 0.00%   0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    CHF50,000 to CHF99,999 0.00%   0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    CHF100,000 to CHF249,999 0.00%   0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    CHF250,000 to CHF499,999 0.00%   0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    CHF500,000 to CHF999,999 0.00%   0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    CHF1 Million and above 0.00%   0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

    CHF Time Deposit Rates - Applicable for HSBC Premier Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.)   3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    CHF25,000 to CHF49,999 0.00%   0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    CHF50,000 to CHF99,999 0.00%   0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    CHF100,000 to CHF249,999 0.00%   0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    CHF250,000 to CHF499,999 0.00%   0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    CHF500,000 to CHF999,999 0.00%   0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    CHF1 Million and above 0.00%   0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

    NZD Time Deposit Rates - For HSBC Personal Banking Customers

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)  
    NZD25,000 to NZD49,999 0.00% 0.00% 0.32% 0.42% 0.67% 0.53% 0.00% 0.58%  
    NZD50,000 to NZD99,999 0.00% 0.00% 0.82% 0.92% 1.17% 0.93% 0.00% 0.98%  
    NZD100,000 to NZD249,999 0.00% 0.00% 1.02% 1.12% 1.37% 1.13% 0.00% 1.18%  
    NZD250,000 to NZD499,999 0.00% 0.00% 1.12% 1.22% 1.47% 1.23% 0.00% 1.28%  
    NZD500,000 to NZD999,999 0.00% 0.00% 1.22% 1.32% 1.57% 1.33% 0.00% 1.38%  
    NZD1 Million and above 0.00% 0.00% 1.32% 1.42% 1.67% 1.43% 0.00% 1.48%  

    NZD Time Deposit Rates – Applicable for HSBC Advance Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)  
    NZD25,000 to NZD49,999 0.00% 0.00% 0.37% 0.47% 0.72% 0.58% 0.00% 0.63%  
    NZD50,000 to NZD99,999 0.00% 0.00% 0.87% 0.97% 1.22% 0.98% 0.00% 1.03%  
    NZD100,000 to NZD249,999 0.00% 0.00% 1.07% 1.17% 1.42% 1.18% 0.00% 1.23%  
    NZD250,000 to NZD499,999 0.00% 0.00% 1.17% 1.27% 1.52% 1.28% 0.00% 1.33%  
    NZD500,000 to NZD999,999 0.00% 0.00% 1.27% 1.37% 1.62% 1.38% 0.00% 1.43%  
    NZD1 Million and above 0.00% 0.00% 1.37% 1.47% 1.72% 1.48% 0.00% 1.53%  

    NZD Time Deposit Rates - Applicable for HSBC Premier Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)  
    NZD25,000 to NZD49,999 0.00% 0.00% 0.52% 0.62% 0.87% 0.73% 0.00% 0.78%  
    NZD50,000 to NZD99,999 0.00% 0.00% 1.02% 1.12% 1.37% 1.13% 0.00% 1.18%  
    NZD100,000 to NZD249,999 0.00% 0.00% 1.22% 1.32% 1.57% 1.33% 0.00% 1.38%  
    NZD250,000 to NZD499,999 0.00% 0.00% 1.32% 1.42% 1.67% 1.43% 0.00% 1.48%  
    NZD500,000 to NZD999,999 0.00% 0.00% 1.42% 1.52% 1.77% 1.53% 0.00% 1.58%  
    NZD1 Million and above 0.00% 0.00% 1.52% 1.62% 1.87% 1.63% 0.00% 1.68%  

    AUD Time Deposit Rates - For HSBC Personal Banking Customers

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    AUD25,000 to AUD49,999 0.00% 0.00% 0.03% 0.16% 0.40% 0.49% 0.00% 0.48%
    AUD50,000 to AUD99,999 0.00% 0.00% 0.33% 0.46% 0.70% 0.79% 0.00% 0.78%
    AUD100,000 to AUD249,999 0.00% 0.00% 0.63% 0.76% 1.00% 0.99% 0.00% 0.98%
    AUD250,000 to AUD499,999 0.00% 0.00% 0.88% 1.01% 1.25% 1.19% 0.00% 1.28%
    AUD500,000 to AUD999,999 0.00% 0.00% 0.98% 1.11% 1.35% 1.29% 0.00% 1.33%
    AUD1 Million and above 0.00% 0.00% 1.08% 1.21% 1.45% 1.34% 0.00% 1.38%

    AUD Time Deposit Rates – Applicable for HSBC Advance Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    AUD25,000 to AUD49,999 0.00% 0.00% 0.08% 0.21% 0.45% 0.54% 0.00% 0.53%
    AUD50,000 to AUD99,999 0.00% 0.00% 0.38% 0.51% 0.75% 0.84% 0.00% 0.83%
    AUD100,000 to AUD249,999 0.00% 0.00% 0.68% 0.81% 1.05% 1.04% 0.00% 1.03%
    AUD250,000 to AUD499,999 0.00% 0.00% 0.93% 1.06% 1.30% 1.24% 0.00% 1.33%
    AUD500,000 to AUD999,999 0.00% 0.00% 1.03% 1.16% 1.40% 1.34% 0.00% 1.38%
    AUD1 Million and above 0.00% 0.00% 1.13% 1.26% 1.50% 1.39% 0.00% 1.43%

    AUD Time Deposit Rates - Applicable for HSBC Premier Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    AUD25,000 to AUD49,999 0.00% 0.00% 0.23% 0.36% 0.60% 0.69% 0.00% 0.68%
    AUD50,000 to AUD99,999 0.00% 0.00% 0.53% 0.66% 0.90% 0.99% 0.00% 0.98%
    AUD100,000 to AUD249,999 0.00% 0.00% 0.83% 0.96% 1.20% 1.19% 0.00% 1.18%
    AUD250,000 to AUD499,999 0.00% 0.00% 1.08% 1.21% 1.45% 1.39% 0.00% 1.48%
    AUD500,000 to AUD999,999 0.00% 0.00% 1.18% 1.31% 1.55% 1.49% 0.00% 1.53%
    AUD1 Million and above 0.00% 0.00% 1.28% 1.41% 1.65% 1.54% 0.00% 1.58%

    HKD Time Deposit Rates - For HSBC Personal Banking Customers

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    HKD100,000 to HKD999,999 0.00% 0.00% 0.22% 0.31% 0.44% 0.69% 0.00% 1.03%
    HKD 1 Million to HKD4,999,999 0.00% 0.00% 0.34% 0.43% 0.56% 0.81% 0.00% 1.15%
    HKD 5 Million to HKD9,999,999 0.00% 0.00% 0.47% 0.56% 0.69% 0.94% 0.00% 1.28%
    HKD10 Million and above 0.00% 0.00% 0.67% 0.76% 0.89% 1.14% 0.00% 1.48%

    HKD Time Deposit Rates – Applicable for HSBC Advance Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    HKD100,000 to HKD999,999 0.00% 0.00% 0.27% 0.36% 0.49% 0.74% 0.00% 1.08%
    HKD 1 Million to HKD4,999,999 0.00% 0.00% 0.39% 0.48% 0.61% 0.86% 0.00% 1.20%
    HKD 5 Million to HKD9,999,999 0.00% 0.00% 0.52% 0.61% 0.74% 0.99% 0.00% 1.33%
    HKD10 Million and above 0.00% 0.00% 0.72% 0.81% 0.94% 1.19% 0.00% 1.53%

    HKD Time Deposit Rates - Applicable for HSBC Premier Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    HKD100,000 to HKD999,999 0.00% 0.00% 0.42% 0.51% 0.64% 0.89% 0.00% 1.23%
    HKD1 Million to HKD4,999,999 0.00% 0.00% 0.54% 0.63% 0.76% 1.01% 0.00% 1.35%
    HKD 5 Million to HKD9,999,999 0.00% 0.00% 0.67% 0.76% 0.89% 1.14% 0.00% 1.48%
    HKD10 Million and above 0.00% 0.00% 0.87% 0.96% 1.09% 1.34% 0.00% 1.68%

    EURO Time Deposit Rates - For HSBC Personal Banking Customers

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    EUR25,000 to EUR49,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    EUR50,000 to EUR99,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    EUR100,000 to EUR249,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    EUR250,000 to EUR499,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    EUR500,000 to EUR999,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    EUR1 Million and above 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

    EURO Time Deposit Rates – Applicable for HSBC Advance Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    EUR25,000 to EUR49,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    EUR50,000 to EUR99,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    EUR100,000 to EUR249,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    EUR250,000 to EUR499,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    EUR500,000 to EUR999,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    EUR1 Million and above 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

    EURO Time Deposit Rates - Applicable for HSBC Premier Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    EUR25,000 to EUR49,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    EUR50,000 to EUR99,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    EUR100,000 to EUR249,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    EUR250,000 to EUR499,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    EUR500,000 to EUR999,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    EUR1 Million and above 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

    CNY Time Deposit Rates – Applicable for HSBC Advance Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    CNY250,000 to CNY349,999 0.00% 0.00% 1.35% 1.38% 1.40% 1.49% 0.00% 1.54%
    CNY350,000 to CNY999,999 0.00% 0.00% 1.35% 1.38% 1.40% 1.49% 0.00% 1.54%
    CNY 1 Million to CNY4,999,999 0.00% 0.00% 1.35% 1.38% 1.40% 1.49% 0.00% 1.54%
    CNY5 Million to CNY9,999,999 0.00% 0.00% 1.35% 1.38% 1.40% 1.49% 0.00% 1.54%
    CNY10 Million and above 0.00% 0.00% 1.35% 1.38% 1.40% 1.49% 0.00% 1.54%

    CNY Time Deposit Rates - Applicable for HSBC Premier Customers Only

    Placement Amount / Tenure 2 Weeks (p.a.) 3 Weeks (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.)
    CNY250,000 to CNY349,999 0.00% 0.00% 1.50% 1.53% 1.55% 1.64% 0.00% 1.69%
    CNY350,000 to CNY999,999 0.00% 0.00% 1.50% 1.53% 1.55% 1.64% 0.00% 1.69%
    CNY1 Million to CNY4,999,999 0.00% 0.00% 1.50% 1.53% 1.55% 1.64% 0.00% 1.69%
    CNY5 Million to CNY9,999,999 0.00% 0.00% 1.50% 1.53% 1.55% 1.64% 0.00% 1.69%
    CNY10 Million and above 0.00% 0.00% 1.50% 1.53% 1.55% 1.64% 0.00% 1.69%

    HSBC Deposit Insurance Scheme

    Singapore Deposit Insurance Corporation (SDIC) insures all deposits in Singapore dollar, of regular individual depositors. The sum insured under this scheme is a maximum of S$50,000 for each depositor/scheme member according to the Deposit Insurance Act.

    The Corporation does not insure dual currency investments, foreign currency deposits, structured deposits, and other investment products. Deposits held under the CPF Retirement Sum Scheme and CPF Investment Scheme are separately protected to a maximum of S$50,000 per member.

    HSBC Term Deposit Premature Withdrawal

    Ideally, you are expected to keep your money in a time deposit account at least until the tenure of the FD ends. However, that’s not always the case. You might be in urgent need of money where withdrawing prematurely could be your safest or only resort. Such withdrawals would be completely at bank’s discretion, and dependent on terms that the bank may want to impose. This could include any premature withdrawal charges.

    In such cases, the bank may pay interest on the amount at its discretion. The interest amount will be calculated on a pro-rated basis, but the bank may also choose to not give any interest at all. For Singapore dollar deposits, at least the original placement amount will be returned to you. However, for foreign currency deposits, you may lose some amount from your original deposit as well.

    Other products offered by HSBC Singapore

    FAQs

    Q. How is the interest paid out for HSBC term deposits?

    A. The interest rate is generally paid out on the maturity date to HSBC customers.

    Q. How can deposit payments be made for an HSBC time deposit account?

    A. HSBC bank accepts deposits in various forms namely cheques, cash, demand drafts or telegraphic transfers.

    Q. Does an HSBC time deposit account offer tax exemption benefits?

    A. Non-residents do not get any tax benefits for interests earned from Foreign Currency deposit accounts. Customers who hold Foreign Currency deposits with Asian currency units from banks in Singapore, but do not reside in Singapore will be exempted from Singapore estate duty and any money remittance can also be done easily.

    Q. Does HSBC Singapore charge any pre-withdrawal penalty for time deposit accounts?

        A. Yes, HSBC imposes a premature withdrawal penalty on account holders closing their time deposit accounts before the completion of the deposit tenure.

    Q. What are the types of deposit accounts that are not insured by the Singapore Deposit Insurance Corporation?

    A. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

    Q. Will I earn any interest if I make a premature withdrawal of my time deposit account?

    A. Premature withdrawals are allowed on HSBC Singapore Dollar as well as Foreign Currency Time Deposits. Any interest (if applicable) will be determined as per the bank’s discretion.

    However, in case of a Foreign Currency Time Deposit, you may receive a lesser amount than the original placement amount you provided to open the deposit upon making a premature withdrawal.

    This is because of fluctuations in foreign exchange. In case of a Singapore Dollar Time Deposit, you will not receive a lesser amount than your original placement amount if you make a premature withdrawal.

    Q. Will I have to pay tax on the interest earned on my Foreign Currency Time Deposit account?

    A. If you are a non-resident of Singapore, then you do not have to pay Singapore income tax or withholding tax on the interest earned on your Foreign Currency Time Deposit.

    Q. Under automatic renewal of my Foreign Currency Time Deposit account, will the amount including the interest earned be renewed?

        A. Yes. When your deposit matures, the placement amount plus the interest earned on your deposit will be automatically renewed at the prevailing interest rates.

    Q. Can HSBC retail customers open a Foreign Currency Time Deposit in Chinese Renminbi currency?

        A. No. Currently, only HSBC Premier and Advance Banking Customers are eligible to open a Foreign Currency Time Deposit in Chinese Renminbi currency (CNY). A minimum placement amount of CNY250,000 will be required to open this account. CNY denominated notes will not be accepted to open this account.

    Q. What is the Deposit Insurance Scheme?

        A. The Deposit Insurance Scheme is an initiative of the MAS (Monetary Authority of Singapore) to insure the deposits of all licensed banks and financial institutions in Singapore up to S$50,000 per deposit account.

        Therefore, your Singapore Dollar Time Deposit with HSBC will be insured by the Deposit Insurance Corporation up to S$50,000. However, note that this scheme is not applicable on Foreign Currency Time Deposit accounts.

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