Interest Rate
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Balance
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Interest Rate
|
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0 - < IDR 5 mio
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0.00%
|
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IDR 5 mio - < IDR 100 mio
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1.00%
|
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IDR 100 mio - <= IDR 2 bio
|
2.75%
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> IDR 2 bio - < IDR 5 bio
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3.25%
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>= IDR 5 bio
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3.75%
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Interest for HSBC High Rate Savings Account is calculated daily based on the daily balance using the daily interest rate (annual interest rate divided by 365 (three hundred sixty five) days). The interest charged is the accumulated interest that is calculated on a daily basis based on interest calculation cycle*. Zero (0%) interest will be applied to the Customer's HSBC High Rate Savings Account on the days wherein the Customer's account balance is below IDR 5,000,000 (five million rupiah)
Penalty
Customers who perform any regular debit transaction such as time deposits placement, payment or transfer (excluding the ones related to tax, fees, and/or charges in the Bank) more than twice or investment placement (mutual funds, bonds and/or insurance) more than five times in one month* from their HSBC High Rate Savings Account:
- No interest for that month.
Transaction accessibility through various channels:
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HSBC Internet Banking & Mobile App
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- Balance Inquiry
- Account Opening
- Transfer from HSBC High Rate Savings account to another HSBC Account
- Real-time online transfer
- RTGS and SKN
- Telegraphic Transfer
- Mutual Fund Subscription
- Deposits Placing
- Standing Instruction (PIB Only)
- Payment (Telecommunication, Cable, Utilities)
- Cellphone Minutes Top Up
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HSBC Branch
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- Cash deposit or transfer into the HSBC High Rate Savings account
- Account Opening via PIB in Branch
- Any other transaction not available
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Others
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- Composite Statement available
- IVR and Phone Banking not available
- Passbook not available
- Minimum placement from Rp 1.000.000
- Limited to one HSBC High Rate Savings account per customer
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* Interest calculation cycle and number of transactions per month are calculated from current month's credit interest date to one day before the following month's credit interest date. If the credit interest date falls on a holiday, the calculation will be postponed to the next working day. The credit interest date is on 26th every month, therefore the interest and number of transactions calculation is between the 26th of the current month to the 25th of the following month.
- How will HSBC High Rate Savings help me in my life?
- HSBC High Rate Savings supports your vision to save and rewards you with a higher interest rate than your regular savings account, making it an attractive, more liquid addition to diversify your portfolio.
- With its online capability, you are able to access, manage and execute desired transaction anytime and anywhere via Personal Internet Banking ("PIB") and Mobile App.
- Thinking of investing, but market conditions are not yet conducive? With its higher interest rate, HSBC High Rate Savings is a perfect pit stop to save up prior to purchasing any of our investment instruments.
- What do I need to do to enjoy the high interest rate?
To enjoy the high interest rate you must ensure:
- That your HSBC High Rate Savings balance starting from IDR 5 million .
- To not perform any regular debit transaction such as time deposits placement, payment or transfer (excluding the ones related to tax, fees, and/or charges in the Bank) more than twice or investment placement (mutual funds, bonds and/or insurance) more than five times in one month* from your HSBC High Rate Savings Account.
If you fail to satisfy the criterias above, you will not receive the interest for the month.
- Do I need to have an HSBC bank account before applying for HSBC High Rate Savings?
Yes, you must open a separate HSBC account with us first and register to our PIB service prior to applying for HSBC High Rate Savings.
- Can I use HSBC High Rate Savings for debit card/ATM transaction?
No, you will not be able to perform any debit, payment or transfer transaction through debit card/ATM, as HSBC High Rate Savings will not be able to be connected any debit card and is an online-based account.
- Can I open more than one HSBC High Rate Savings?
No, you are not allowed to open more than one HSBC High Rate Savings.
* Interest calculation cycle and number of transactions per month are calculated from current month's credit interest date to one day before the following month's credit interest date. If the credit interest date falls on a holiday, the calculation will be postponed to the next working day. The credit interest date is on 26th every month, therefore the interest and number of transactions calculation is between the 26th of the current month to the 25th of the following month.
