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Multi Currency Savings Account
Introducing a single online account that gives you access to 10 currencies
Simply set up a single online account and have 10 major currencies at your fingertips! With HSBC's Multi Currency Savings Account, you have the choice of managing a single currency or multiple currencies in one single account.
Multi Currency Savings Account - What's new
From 20 October 2008, Multi Currency Savings Accounts with less than S$2,000 combined monthly average balance in the preceding month will be levied a fall below fee of S$2. Click here for more details.
Benefits and features
Access to 10 major currencies from one single account
HSBC's Multi Currency Savings Account allows you to carry out transactions in multiple currencies from a single online account, from the comfort of your home. You can access your account and perform transactions 24 hours a day by logging on to online@hsbc*.
The 10 major currencies are: Singapore dollar, euro, US dollar, Hong Kong dollar, sterling pound, Japanese yen, Canadian dollar, Swiss franc, Australian dollar and New Zealand dollar.
As the Multi Currency Savings Account is an online account, all transactions must be made through online@hsbc#.
The interest rates are also tiered, which means that the more you save, the higher the interest rate you'll enjoy.
Low minimum average balance^
All you need is to maintain a combined minimum average balance of S$2,000 (or equivalent) in a single or combined currency holding.
Low initial deposit
Start your account with a low initial deposit of S$2,000 (or equivalent) in a single or combined currency holding. This initial deposit will be waived for customers who have Dual Currency Plus and other investments with HSBC.
Act now
- If you are an existing online@hsbc customer, click here to log on.
- Not an online@hsbc customer? Click here to apply today.
- Phone: 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas.
- Make an appointment with us today.
* To enjoy the full features of the Multi Currency Savings Account, you are encouraged to sign up for Personal Internet Banking.
# ATM card, debit card or checking facilities will not be issued with this account. A flat fee of S$5 will be levied per visit for offline transactions. This fee will be waived for HSBC Premier customers when they perform transactions through their Relationship Managers.
+ Rates are monitored and updated on a regular basis. The listed rates are indicative only and subject to change without notice, at any time. You may wish to check the latest rates on our web site at www.hsbc.com.sg.
^ A fall-below fee of S$2 will be levied if the combined minimum balance is not maintained.
The terms and conditions governing deposits accounts can be found on www.hsbc.com.sg. Additional terms and conditions relating to the Multi Currency Savings Account also apply.
Important notes
Under the provisions of the Deposit Insurance Act 2005 (the "Act"), all Singapore dollar denominated deposits with HSBC held by individual depositors will be insured by the Singapore Deposit Insurance Corporation Limited for up to the limit specified in the Act. For more information, click here.
On 16 October 2008, it was announced that the Singapore Government will offer protection under a guarantee of up to S$150 billion for all Singapore dollar and foreign currency deposits of individuals and non-bank customers in banks, finance companies and merchant banks licensed by the Monetary Authority of Singapore. This guarantee will remain in place until 31 December 2010. Media reports have stated that the Singapore Government guarantee does not cover structured deposits and pledged deposits. Accordingly, dual currency investments, structured deposits and deposits which are pledged, charged or secured as collateral are not covered by this guarantee.
Issued by The Hongkong and Shanghai Banking Corporation Limited, which is incorporated in the Hong Kong SAR with limited liability.
Next steps
Call us on 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas
Highlights
