HSBC Multi Currency Savings Account

HSBC Multi Currency Savings Account

Get high interest rates on your savings account when you open the HSBC Multi Currency Savings Account in Singapore. Transactions are done online with the HSBC Multi Currency Savings Account and you do away with long queues. This online savings account lets you access 10 major currencies with one single savings account at attractive interest rates.

You should maintain combined average monthly balance above $2000 in the HSBC Multi Currency Savings Account because a fall below fee of $2 will be imposed in such a situation.

The 10 currencies in the HSBC Multi Currency Savings Account 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 HSBC Multi Currency Savings Account is an online account, all transactions must be made through online@hsbc#. Interest rates are monitored and updated on a regular basis by HSBC. The listed rates in the HSBC Multi Currency Savings Account are indicative only and subject to change without notice, at any time.

The interest rates for Singapore dollar savings account in the HSBC Multi Currency Savings Accounts start at 0.67% p.a. for sums up to $24999.99. For $100,000 in savings account, you can collect 1.07% interest rates for your deposit. There are better rates for savings account that are held in foreign currencies, but these will subject you to exchange rate risks.

The terms and conditions governing deposits accounts in HSBC Multi Currency Savings Account can be found on http://www.hsbc.com.sg/. Additional terms and conditions relating to the HSBC Multi Currency Savings Account also apply.

Under the provisions of the Deposit Insurance Act 2005, all Singapore dollar denominated deposits with HSBC held by individual depositors will be insured by the Singapore Deposit Insurance Corporation for up to S$20,000.

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