Exclusive for HSBC Premier and HSBC Advance customers only. Promotion from now till 30 April 2012.
HSBC Step-up Savers (SGD)
HSBC Step-up Savers (SGD)
Enjoy an additional interest rate of 0.78% p.a.* with HSBC Step-up Savers (SGD)
Bonus Interest on HSBC Step-up Savers (SGD)
Illustration 1:
Top-up S$30,000 on 1 February 2012 with no withdrawals on HSBC Premier or HSBC Advance Account for the month:
Month
Top up Amount#
Average Daily Balance
Bonus Interest (0.78%p.a.)^
January 2012
(Reference Month)
N.A
S$20,000
1 - 29 February 2012
(month 1)
S$30,000
(S$50,000 * 29)/29 = S$50,000
(S$30,000*0.78%)/366*29 = $18.54
1 - 31 March 2012
(month 2)
N.A.
(S$50,000 * 31)/31 = S$50,000
(S$30,000*0.78%)/366*31 = $19.82
1 - 30 April 2012
(month 3)
N.A.
(S$50,000 * 30)/30 = S$50,000
(S$30,000*0.78%)/366*30 = $19.18
Total bonus interest
S$57.54
Illustration 2:
Top-up S$30,000 on 29 February 2012 with no withdrawals on HSBC Premier or HSBC Advance Account for the month:
Month
Top up Amount#
Average Daily Balance
Bonus Interest (0.78%p.a.)^
January 2012
(Reference Month)
N.A
S$20,000
1 - 29 February 2012
(month 1)
S$30,000
(S$20,000 * 29 + S$50,000 * 1)/29 = S$21,724.14
S$0^
1 - 31 March 2012
(month 2)
N.A.
(S$50,000 * 31)/31 = S$50,000
(S$30,000*0.78%)/366*31 = $19.82
1 - 30 April 2012
(month 3)
N.A.
(S$50,000 * 30)/30 = S$50,000
(S$30,000*0.78%)/366*30 = $19.18
Total bonus interest
S$39
* Click here for full Step-Up Savers Promotion (SGD) Terms and Conditions.
HSBC Step-up Savers (USD)
HSBC Multi Currency Savings Account (USD)
Enjoy an additional interest rate of 0.88% p.a.* with HSBC Multi Currency Savings Account (USD)
Bonus Interest on HSBC Multi Currency Savings Account (USD)
Illustration 1:
Top-up US $50,000 on 1 January 2012 with no withdrawals on the Multi Currency Savings Accounts (USD) ("MSV Account") for the month:
Month
Top up Amount+
Average Daily Balance
Bonus Interest (0.88%p.a.)¶
December 2011
(Reference Month)
N.A
US$20,000
1 - 31 January 2012
(month 1)
US$50,000
(US$70,000x31)/31 = US$70,000
(US$50,000x0.88%)/366*31 = US$37.27
1 - 29 February 2012
(month 2)
US$50,000
(US$70,000x29)/29 = US$70,000
(US$50,000x0.88%)/366*29 = US$34.86
1 - 31 March 2012
(month 3)
US$60,000
(US$80,000x31)/31 = US$80,000
(US$60,000x0.88%)/366*31 = US$44.72
1 - 30 April 2012
(month 4)
US$20,000¶
(US$40,000x30)/30 = US$40,000
US$0¶
Total bonus interest
US$116.85
Illustration 2:
Top-up US $50,000 on 31 January 2012 with no withdrawals on the Multi Currency Savings Accounts (USD) ("MSV Account") for the month:
Month
Top up Amount+
Average Daily Balance
Bonus Interest (0.88%p.a.)¶
December 2011
(Reference Month)
N.A
US$20,000
31 January 2012
(month 1)
US$50,000
(US$20,000x30+ US$70,000x1)/31 = US$21,612.90
US$0¶
1 - 29 February 2012
(month 2)
US$50,000
(US$70,000x29)/29 = US$70,000
(US$50,000x0.88%)/366*29 = US$34.86
1 - 31 March 2012
(month 3)
US$60,000
(US$80,000x31)/31 = US$80,000
(US$60,000x0.88%)/366*31= US$44.72
1 - 30 April 2012
(month 4)
US$20,000¶
(US$40,000x30)/30 = US$40,000
US$0¶
Total bonus interest
US$79.58
* Click here for full Step-Up Savers Promotion (USD) Terms and Conditions.
Existing HSBC Premier and HSBC Advance customers
Simply contact us to help you with your top-up.
New to HSBC Premier?
Join HSBC Premier and enjoy this offer.
* Terms and conditions apply.
# "Top-Up Amount" refers to the incremental Average Daily Balance ("ADB") in the HSBC Multi Currency Savings Account(SGD) for the relevant calendar month compared against the ADB for the Reference Month of the HSBC Multi Currency Savings Account. "Reference Month" refers to January 2012.
+ "Top-Up Amount" refers to the incremental Average Daily Balance ("ADB") in the HSBC Multi Currency Savings Account(USD) for the relevant calendar month compared against the ADB for the Reference Month of the HSBC Multi Currency Savings Account. "Reference Month" refers to December 2011.
^ Bonus interest is only payable on Top-Up Amount which are in fresh funds, subject to a minimum Top-Up Amount of S$30,000, maximum of S$5,000,000. Bonus interest will be non-accrued, non-compounded, simple interest and shall be paid separately from the prevailing interest (if any) payable on the credit balance in the HSBC Multi Currency Savings Account(SGD).
¶ Bonus interest is only payable on Top-Up Amount which are in fresh funds, subject to a minimum Top-Up Amount of US$50,000, maximum of US$5,000,000. Bonus interest will be non-accrued, non-compounded, simple interest and shall be paid separately from the prevailing interest (if any) payable on the credit balance in the HSBC Multi Currency Savings Account(USD).
Prevailing Interest Rate is subjected to change daily. Please click here.
Important notes
Under the provisions of the Deposit Insurance and Policy Owners’ Protection Schemes Act 2011 (the “Act”), Singapore dollar denominated deposits with The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (“HSBC”) held by a non-bank depositor (“Insured Depositor”) will be insured by the Singapore Deposit Insurance Corporation Limited or such other company as may be designated as the deposit insurance and policy owners’ protection agency for the purposes of the Act (the “Agency”), for up to S$50,000 per Insured Depositor, or such other limit as may be specified in the Act.
In addition, Singapore dollar denominated deposits:
(i) with HSBC which are held by an Insured Depositor, as trustee under a trust account, or held on trust in a client account, will be insured by the Agency for up to S$50,000 per account, or such other limit as may be specified in the Act; and
(ii) placed with HSBC by an Insured Depositor under the Central Provident Fund Investment Scheme and/or the Central Provident Fund Minimum Sum Scheme will be insured for up to S$50,000 per Insured Depositor, or such other limit as may be specified in the Act. Premature withdrawal of any Time Deposit is subject to the Terms and Conditions Governing Personal Deposit Accounts. Effective 1 September 2011, premature withdrawal charges will be imposed on premature withdrawal of Time Deposits prior to maturity. For all premature withdrawal of Time Deposits, interest payments (if any) will be calculated at the Bank's discretion. Customers should note that they may receive an amount less than the original Time Deposit placement amount upon premature withdrawal for their Foreign Currency Time Deposits. Currently, for Singapore Dollar Time Deposits, customers will receive not less than their original placement amount upon premature withdrawal.
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