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Man running under the blue sky; image used for HSBC Singapore FinFit.

HSBC FinFit

Only 1 in 3 of us are financially fit to achieve one's financial goals.

What is FinFit?

Financial fitness (FinFit) matters to us all. That's why we created HSBC FinFit, to explore the financial habits, knowledge, planning, security and safety concerns of people in Singapore. Our report findings and the wider FinFit program can help you to:

  • Improve your financial knowledge and habits

  • Develop and fine-tune your financial planning strategy

  • Explore the products and services you need

How financially fit are Singaporeans?

Our recent FinFit study took a look at Singaporeans' financial fitness, and found that we currently score:

66/100

The four pillars that make up this score are:

  • Financial Habits: 70
  • Financial Knowledge: 67
  • Financial Planning: 57
  • Financial Security: 73

Based on the FinFit study, these are the top 5 financial Concerns listed

  • Dealing with unexpected expenses 60%

  • Education fee, tuition fee, classes fee for Children 60%

  • Supporting parents financially 60%

  • Unable to support retirement lifestyle 58%

  • Save money for property 57%

Finfit tools

Here are some tools we have that can help kickstart your financial planning towards your financial goals:

How to improve on your Financial Fitness

As you understand where the gaps are in reaching your financial goals, let us partner you in your financial journey and enhance your financial confidence in the areas of Financial Guidance, Wealth Creation Support and Long-term planning.  You can:

  • Rely on our professional advice to foster confidence in product selection
  • Deploy investment products for wealth building, and have diversification of savings and investments in your portfolio this can potentially expand wealth growth.
  • Improve understanding of investment products. Limited understanding of investment products apart from local stocks might hinder the use of an array of investment products for wealth building.
  • Encourage review of financial plan and rebalance portfolio regularly. As our life situation changes, the finances might potentially change. Cultivate the habit of reviewing financial plan and balancing portfolio early and regularly, this can help us keep in check our goals are met
  • Are some of us thinking about retirement? At some point or other, this would be something that we have to plan for. Should this be longer term and putting in the work for retirement planning?
  • Whatever the case might be, we are here to partner you and look at all opportunities

Start your financial journey towards financial confidence with us

HSBC opens up a world of opportunity through the following products and services:

 

Maintain good saving habits with the Everyday Global Account.

 

A Premier banking experience for you and your family.

 

Explore, buy and sell Unit Trusts (UTs).  With a choice of Regular Savings Plan (RSP) or a lump sum investment.  Choose from more than 100 funds available, including ESG funds.

 

Explore, buy and sell trades across US, HK and SG.  At attractive trading fees.

 

Attractive rates for customers who have needs to trade in foreign currency, they can do so from the native app.

 

Regular articles on houseviews available.

 

Get a consolidated view of your finances from banks, SGX Central Depository (SGX CDP) and relevant government agencies.

 

Get in touch with the bank. Contact us to power up your financial fitness with holistic financial planning and personalised coaching.

Power up your financial fitness journey

Transform the way you manage your finances. Why stop here?

Safely view your financial data across participating financial institutions with HSBC FinConnect in the HSBC Singapore app.

  • Total net worth computation

  • Breakdown of assets and liabilities

  • Holdings by account types or currencies

  • SGX Central Depository (SGX CDP) data and Myinfo data such as CPF accounts, Notice of Assessment and HDB Loans

  • Understand your portfolio composition by asset class, geographies and sectors

  • Option for a detailed portfolio analysis from a Wealth Manager or your dedicated Relationship Manager

Boost your financial fitness

FinFit 101

 

Here's how to regularly set money aside and start growing your wealth.

Asian couple searching on internet and making notes; image used for HSBC Singapore Smarter ways to grow your cash article.
 

Whether you're new to investing or an experienced trader, there're more ways than one to boost your cash holdings.

Couple reaching mountain summit; image used for HSBC 8 steps to prepare you for a great retirement article page.
 

Here're 8 steps to help you plan better and take charge of your retirement.

Couple is looking at laptop; image used for HSBC Singapore How much financial protection do you need article page.
 

Working out how much financial protection you need in your wealth planning journey.

Plan your finances better today with more cashback and rewards

Enjoy these rewards when you meet the following criteria:

Criteria Rewards
Invest in online Unit Trusts1
0% sales charge on monthly Regular Savings Plan contributions and 0.85% promotional sales charge for lump sum investments

Retrieve and share your account data with us via HSBC FinConnect2

SGD20
You can get additional rewards when you take the following actions after retrieving and sharing your account data with us via HSBC FinConnect:
-

Take up personal loan

Additional SGD50

Take up debt consolidation plan

Additional SGD50

Enjoy these rewards when you meet the following criteria:

Criteria Invest in online Unit Trusts1
Rewards
0% sales charge on monthly Regular Savings Plan contributions and 0.85% promotional sales charge for lump sum investments
Criteria

Retrieve and share your account data with us via HSBC FinConnect2

Rewards
SGD20
Criteria You can get additional rewards when you take the following actions after retrieving and sharing your account data with us via HSBC FinConnect:
Rewards
-
Criteria

Take up personal loan

Rewards
Additional SGD50
Criteria

Take up debt consolidation plan

Rewards
Additional SGD50

Book your FinFit coaching session now

Get your financial journey started and apply the insights from our FinFit report. Our advisors can help you identify your wealth and finance needs and create your growth strategy.

Disclaimer

1HSBC Online Unit Trust Promotion terms and conditions apply.

2HSBC Plan With Us Promotional terms and conditions apply.

Investment involves risk. Unit Trusts are investment products and some may involve derivatives. The value of investments and units may go down and up, and the investor may not get back the original sum invested. Past performance is not necessarily indicative of future performance. In a worst case scenario, the value of the fund may be worth substantially less than the original amount you have invested (and in an extreme case could be worth nothing). Investors and potential investors must not solely rely on the content of this material to make investment decisions and should read carefully and understand the offering documents (including the prospectus and full text of the risk factors stated therein), available at HSBC branches, before investing.

Terms and conditions governing Unit Trust Transactions and the terms and conditions governing Investment Accounts also apply.

The Bank does not make any guarantee, representation or warranty and does not take responsibility as to the accuracy or completeness of the information in the documents. Opinions expressed herein are subject to change without notice.

This document is for information only and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. The mention of any investment product or class of investment products ("product") should not be construed as representing a recommendation to buy or sell that product, nor does it represent a forecast on future performance of the product. The information contained on this web site is intended for Singapore residents only and should not be construed as a distribution, an offer to sell, or a solicitation to buy any securities in any jurisdiction where such activities would be unlawful under the laws of such jurisdiction, in particular the United States of America and Canada. The specific investment objectives, personal situation and particular needs of any person have not been taken in consideration. You should therefore not rely on it as investment advice. Before you make any investment decision, you may wish to consult a financial adviser. In the event that you choose not to seek advice from a financial adviser, you should carefully consider whether the investment product is suitable for you.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

This document is for information only and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. The mention of any investment product or class of investment products ("product") should not be construed as representing a recommendation to buy or sell that product, nor does it represent a forecast on future performance of the product. The information contained on this web site is intended for Singapore residents only and should not be construed as a distribution, an offer to sell, or a solicitation to buy any securities in any jurisdiction where such activities would be unlawful under the laws of such jurisdiction, in particular the United States of America and Canada. The specific investment objectives, personal situation and particular needs of any person have not been taken in consideration. You should therefore not rely on it as investment advice. Before you make any investment decision, you may wish to consult a financial adviser. In the event that you choose not to seek advice from a financial adviser, you should carefully consider whether the investment product is suitable for you.