Fixed Term Deposit

• Charges apply if you make a withdrawal prior to the maturity of your Fixed Term Deposit
• Interest is calculated daily and paid at maturity

Unless you tell us otherwise, your deposit will be automatically renewed for the same period, at the live rate on the day of reinvestment.

If you don’t want to renew for the same term, you can change your maturity instructions in online banking.

You can choose to:

• Have the funds paid into an HSBC Expat current or savings account
• Reinvest for a different term
• Reinvest either some or all of your funds

If you want to change your instructions, you must tell us at least 2 days before your account matures.

If you want to pay your funds into an account of a different currency, we’ll complete a foreign exchange using the live rate on the day your account matures.

If the account is due to mature on a non-working day (for example, a weekend or public/bank holiday), it will mature on the next working day instead. We’ll continue to pay interest up to and including that day.

Your Expat accounts will be held in Jersey, Channel Islands, a secure offshore jurisdiction and one of the world's leading international finance centres, as recognised by the Organisation for Economic Cooperation and Development (OECD).

Not registered yet?

The easiest way to open an account is in the HSBC Expat Mobile Banking app. Just follow these instructions:

You can also open a Fixed Term Deposit account in online banking

You need an HSBC Expat Bank Account to open a Fixed Term Deposit account. If you’re not an HSBC Expat customer yet, find out more about our services and apply for an account online.

Unless you tell us otherwise, your deposit will be automatically renewed for the same period at the live rate on the day of reinvestment.

If you don’t want to renew for the same term, you can change your maturity instructions in online banking.

You can choose to:

If you want to change your instructions, you must tell us at least 2 days before your account matures.

If you want to pay your funds into an account of a different currency, we’ll complete a foreign exchange using the live rate on the day your account matures.

You can change what happens to your Fixed Term Deposit when it matures in online banking.

If you want to change your instructions, you must tell us at least 2 days before your account matures.

Fixed Term Deposits are designed to be held for the whole term, and you shouldn't plan to access your money during that time.

To withdraw your money at the end of the term, you need to nominate an HSBC Expat account in your maturity instructions. You can update this information in online banking, but we must receive any new instructions at least 2 days before your account matures.

If you need to access your funds before the end of the term, this can be arranged for a fee. You can view our latest fees in our Tariff of Charges. Be aware you may get back less money than you deposited if you close your Fixed Term Deposit account early. Partial withdrawals are not available.

‘New Funds’ refers to money you’ve recently added to your HSBC Expat accounts. To determine what qualifies as New Funds for this promotion, we compare your Total Deposit Balance with what it was 7 days ago and 30 days ago. We use the smaller of these two amounts as your New Funds.

For example:

You apply to open a Fixed Term Deposit today. Your current Total Deposit Balance is GBP130,000.

We compare:

The smaller amount is GBP40,000, so your total New Funds eligible for the promotional rate is GBP40,000.

Your Total Deposit Balance includes all the money you hold with us across all currencies in sole and joint accounts, but does not include your Global Money Account, investments or any borrowings. If you’re placing a deposit in a different currency, we’ll convert your balances using the HSBC exchange rate at the time you open your deposit.

To qualify for the promotional rate, you must:

We’ll confirm whether you’re eligible for the promotional rate once you’ve transferred your New Funds to HSBC Expat and selected your deposit amount and term in the app.

You're welcome to put any additional funds into a separate Fixed Term Deposit which will earn our standard interest rate.