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Fixed Term Deposit

Save for a fixed period of time that suits you.

Why choose our Fixed Term Deposit account?

A Fixed Term Deposit account is available in a choice of 19 currencies, and you can save for a set period of time that you choose.

  • Choose from 19 currencies
  • Choose a fixed term between 1 month and 3 years (some currency terms may vary)
  • Hassle-free reinvestment - your term will automatically renew unless you tell us otherwise
  • Open an account in the HSBC Expat Mobile Banking app and see the amount you'll receive at maturity.

     

Interest rates

Interest is calculated daily and paid at maturity.

Boost your savings with this limited-time offer

Earn up to 4.85% AER/Gross interest with our 3-month fixed term Savings Booster. Open your account by Sunday 8 December and keep building for your future. Deposits must be new to HSBC Expat.

Which currencies are available?

You can choose any of these currencies for your Fixed Term Deposit account.[@fixedtermdepositcurrencyavailability]

  • AED - UAE dirham
  • AUD - Australian dollar
  • CAD - Canadian dollar
  • CHF - Swiss franc
  • CNY - Chinese renminbi
  • DKK - Danish krone
  • EUR - Euro
  • GBP - Pound sterling
  • HKD - Hong Kong dollar
  • HUF - Hungarian forint
  • JPY - Japanese yen
  • NOK - Norwegian krone
  • NZD - New Zealand dollar
  • PLN - Polish zloty
  • SEK - Swedish krona
  • SGD - Singapore dollar
  • THB - Thai baht
  • USD - US dollar
  • ZAR - South African rand

Things to know

Who can open the account?

To open a Fixed Term Deposit account, you'll need to:

  • have an HSBC Expat Bank Account
  • maintain a minimum balance of GBP 5,000, USD 5,000, EUR 10,000 in your Fixed Term Deposit account. For other currencies the minimum balance may vary as well as the term duration. The available options will be displayed to you when opening your Fixed Term Deposit account

Ready to open?

Already with Expat?

The easiest way to open a Fixed Term Deposit account is in our app. In the Accounts tab, go to Products & Services then select Fixed Term Deposit.

If you're on a computer, scan the QR code with your phone to continue in the HSBC Expat Mobile Banking app.

New to Expat?

You can open a Fixed Term Deposit account once you have opened an Expat Bank Account with us.

Other ways to apply

Frequently asked questions

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Additional information

    Jersey Deposit Protection Scheme

    HSBC Expat is a participant in the Jersey Bank Depositors Compensation Scheme. The Scheme offers protection for eligible deposits of up to £50,000. The maximum total amount of compensation is capped at £100,000,000 in any 5 year period. Full details of the Scheme and banking groups covered are available on the States of Jersey website www.gov.je/dcs, or on request.Deposits made with HSBC Expat are not protected by the rules made under the UK's Financial Services and Markets Act 2000 for the protection of retail clients, including the UK Financial Services Compensation Scheme and the UK’s Financial Ombudsman Service.Deposits made with our office in Jersey are not protected deposits under the Hong Kong Deposit Protection Scheme and are not protected by such scheme.

    Tax reporting

    Interest is paid gross without the deduction of tax. It is your responsibility to report earnings to the appropriate tax authorities. However, all the interest you earn from your accounts may be subject to reporting to relevant tax authorities.

    AER (Annual Equivalent Rate)

    AER (Annual Equivalent Rate) is a notional interest rate which illustrates what the gross rate would be if interest were paid and compounded each year.

    The gross rate refers to the interest rate before the deduction of tax applicable to interest on savings accounts.

     

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