HSBC Online Savings Account
Editors Comments
The biggest advantage with this account is the unlimited atm transactions (with no operator fee at hsbc, westpac, St George & Bank SA atms). This makes the account behave like a low fee tranasction account combined with the bonus of being paid interest. If you are purely want a high interest bearing account and aren't as concrned about the low fee aspect then this account isn't for you.
- No monthly account keeping fee
- Banking options within Australia with no charge
- Unlimited ATM transactions without incurring an ATM Operator Fee at almost 2,700 HSBC, Westpac, St George and BankSA ATMs nationally BPAY, EFTPOS and BankPost with no charge
- Access to HSBC's Telephone and Internet Banking with no charge
- As a local subsidiary of the HSBC Group, HSBC Bank Australia Limited is eligible for the Australian Government's guarantee.
- No minimum balance after opening your account
Key Features:
- $0 - $4,999 0.05% p.a
- 5% p.a. interest on balances over $5,000 until July 1 2010
Additional Comments:
Ease of access to funds is an important consideration for many people when they are looking for a savings account. Featuring a competitive interest rate and easy access to deposits, many Australians have found the HSBC Online Savings Account to be the right bank account for them. With a HSBC Online Savings Account ATM card, account holders can make no-fee withdrawals or deposits at thousands of ATM machines throughout Australia. Moreover, a depositor’s funds are guaranteed by the Australian government, which assures accountholders that their money is safe at HSBC.There is a minimum balance of $2000 required to open the popular HSBC Online Savings Account, but no minimum is required after the account is open, and there is no monthly maintenance fee either. Information on the account’s current balance and other features is available 24/7 with HSBC Telephone banking and HSBC Internet banking.
Terms & Conditions:
For the full terms and conditions please refer to the HSBC website
