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HSBC Premier Lite Savings account
HSBC Premier Lite Savings account
When growing up, your child will have many wonderful experiences - such as their first word, their first step or their first day at school.
With the HSBC Premier Lite Savings account as their first savings account, they will not only start saving early, but also receive a recognition card that offers worldwide emergency support wherever they may be.
Benefits and features
- Statement savings account held in trust by parent for their child.
- Exclusive HSBC Premier interest rates.
- Convenience of accessing your account via our Global view facility, or through HSBC’s global ATM network and 24-hour Phone Banking Services.
- Global support at any HSBC Premier Centres worldwide.
Eligibilty
- Individual (resident/non-resident) aged 21 and above, and is an HSBC Premier customer.
- Child must be aged 21 and below.
- Minimum initial deposit of S$1.
Required documents
- Parent’s identity card/passport.
- Child’s identity card/passport/birth certificate.
- Proof of address (parent’s).
- Proof of relationship (birth certificate).
Act now
- Phone: 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas
- Make an appointment with us today
Important notes
Under the provisions of the Deposit Insurance Act 2005 (the "Act"), all Singapore dollar denominated deposits with HSBC held by individual depositors or charities 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.
With effect from 1 April 2010, your liability prior to debit card loss reporting will be capped at S$100 provided that you have not acted fraudulently, negligently or failed to report the card loss immediately. Click here for more details.
Next steps
Call us on 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas
Highlights
