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
Find out how FinFit you are. Book your FinFit coaching session now.
View your combined finances securely in one place with HSBC FinConnect.
How financially fit are Singaporeans?
Our recent FinFit study took a look at Singaporeans' financial fitness, and found that we currently score:
67/100
The four pillars that make up this score are:
- Financial Habits: 70
- Financial Knowledge: 69
- Financial Planning: 59
- Financial Security: 73
This highlights 3 key insights:
58% of Singapore residents are not confident in their retirement.
95% of those with high FinFit scores review their financial plan yearly.
74% of Singapore residents with high FinFit scores use investments to grow their wealth
Source: HSBC SG (Financial Fitness) FinFit Study 2020
How can you become more FinFit?
It's much easier than you think, simply follow these 4 simple steps:
Establish routines, such as keeping a 6-month cash reserve for rainy days.
Review your financial plans to prepare for retirement, wealth growth or education.
Choose investments that work for you and suit your risk tolerance.
Step 4: Take advantage of HSBC FinFit
Get tips and professional advice to improve your financial fitness.
Boost your financial fitness
FinFit 101
How to start building your savings
Here's how to regularly set money aside and start growing your wealth.
Smarter ways to grow your cash
Whether you're new to investing or an experienced trader, there're more ways than one to boost your cash holdings.
8 steps to prepare for a great retirement
Here're 8 steps to help you plan better and take charge of your retirement.
How much financial protection do you need?
Working out how much financial protection you need in your wealth planning journey.
Power up your financial fitness journey
Transform the way you manage your finances. #Why stop here?
Safely view your financial data across participating banks with HSBC FinConnect in the HSBC Singapore app.
Total net worth computation
Breakdown of assets and liabilities
Holdings by account types or currencies
Myinfo data such as CPF Accounts, Notice of Assessment and HDB Loans
Tools to help with your financial fitness
Ready to start investing with us?
Investment account opening
Open an Investment Account via HSBC Online or mobile app in a few simple steps.
Sustainable investing
View our range of ESG solutions to support your sustainability ambitions.
Wealth Insights
Catch up on the latest market insights for more informed decisions.
Plan your finances better today with more cashback and rewards
| Criteria | Rewards |
|---|---|
Complete a FinFit coaching session (Goal Planning report)1 |
SGD50 |
Open an investment account1 |
SGD30 |
| Increase your investment or insurance through eligible Wealth products2 |
Up to SGD3,750 |
Trade in Online Securities via a newly opened investment account3 |
0% brokerage fees |
| Invest in online Unit Trusts4 |
0% sales charge on monthly Regular Savings Plan contributions and 1% sales charge for lump sum investments |
Retrieve and share your account data with us via HSBC FinConnect5 |
SGD20 |
| You can get additional rewards when you take the following actions after retrieving and sharing your account data with us via HSBC FinConnect: |
- |
Transfer-in your Unit Trust from Third Party financial institutions and online trading platforms6 |
0.2% of transfer-in value |
Refinance your mortgage loan from other bank7 |
Additional SGD80 |
Take up personal loan8 |
Additional SGD50 |
Take up debt consolidation plan9 |
Additional SGD50 |
| Criteria |
Complete a FinFit coaching session (Goal Planning report)1 |
|---|---|
| Rewards |
SGD50 |
| Criteria |
Open an investment account1 |
| Rewards |
SGD30 |
| Criteria |
Increase your investment or insurance through eligible Wealth products2 |
| Rewards |
Up to SGD3,750 |
| Criteria |
Trade in Online Securities via a newly opened investment account3 |
| Rewards |
0% brokerage fees |
| Criteria |
Invest in online Unit Trusts4 |
| Rewards |
0% sales charge on monthly Regular Savings Plan contributions and 1% sales charge for lump sum investments |
| Criteria |
Retrieve and share your account data with us via HSBC FinConnect5 |
| 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 |
Transfer-in your Unit Trust from Third Party financial institutions and online trading platforms6 |
| Rewards |
0.2% of transfer-in value |
| Criteria |
Refinance your mortgage loan from other bank7 |
| Rewards |
Additional SGD80 |
| Criteria |
Take up personal loan8 |
| Rewards |
Additional SGD50 |
| Criteria |
Take up debt consolidation plan9 |
| 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 Plan With Us Wealth Promotion terms and conditions apply.
2HSBC Wealth Reward Promotional terms and conditions apply.
3HSBC Online Securities Trading Promotional terms and conditions apply.
4HSBC Online Unit Trust Promotion terms and conditions apply.
5HSBC Plan With Us Promotional terms and conditions apply.
6HSBC Plan With Us Wealth Promotion for Transfer-in of Unit Trust terms and conditions.
7HSBC Plan With Us Home Loan Reward Promotion terms and conditions.
8HSBC Plan With Us Personal Loans Cashback Promotion terms and conditions.
9HSBC Plan With Us Debt Consolidation Loan Cashback Promotion terms and conditions.
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.