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Singapore Dollar Savings Account
Benefits and features of savings accounts
- Tiered daily interest with higher interest for balances above S$50,000
- Personalised debit card
- PhoneBanking and Internet Banking services
If all you want to do is keep your money safely, you can achieve just that with HSBC Savings Account*. To keep you updated of your monthly account transactions and interest earned, a comprehensive statement will be mailed to you. What's more, with your free debit card, PhoneBanking services and Internet Banking, you can carry out a wide range of banking transactions, 24 hours a day, 7 days a week.
Eligibility
- Individuals (residents/non-residents) aged 16 and above.
- Trust accounts will be opened for individuals below 16 years old, in the parent's/guardian's name.
- Minimum initial deposit of S$500.
Savings account fees
- Minimum balance fee of S$2 if average daily balance falls below S$2,000
Required documents
- Identity Card/Passport
- Proof of Address
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
* A minimum deposit of S$500 is required to open a savings account. You can open a basic bank account, which requires a minimum initial deposit of S$10 if you are a Singapore citizen or Permanent Resident earning a monthly income below S$2,000.
Deposit Insurance Scheme
Under the provisions of the Deposit Insurance Act 2005 (the "Act"), 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.
Next steps
Call us on 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas
Highlights
