The HSBC Serious Saver is HSBCâ€™s high interest savings account. Like most high interest online savings accounts you will need to link it to transaction account either with HSBC or any other Australian bank account.
The main features of the account are:
- for every month you make now withdrawals a high rate of interest is applied
- no interest is applied if you make withdrawals
- no minimum balance is required
- deposits up to 1 million are guaranteed by the Government
- you must be at least 18 years of age to apply
The current interest rate is 5.00% pa and is only payable if you do not make any withdrawals for that month.
For more information click here – HSBC Serious Saver
Click here to compare savings accounts.
Disclaimer: Product interest rates and features change without notice. Please check all details with the product provider before taking any action.