Fixed Term Deposit

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Fixed Term Deposit

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)
Funds will automatically reinvest at maturity - you'll need to tell us if you don't want to reinvest
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.

Check our current interest rates

How to apply

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

Compare interest rates across our savings accounts This link will open in a new window

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

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

Compare interest rates across our savings accounts This link will open in a new window

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.

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).

Apply for a Fixed Term Deposit account

Already with Expat?

The quickest way to open a Fixed Term Deposit is in our mobile app. Go to Accounts, then 'Products & Services' and select 'Fixed Term Deposit'.

Scan the QR code with your mobile device to download the app.

Scan the QR code to download the HSBC Expat Mobile Banking app from your app store

Open account in app

New to Expat?

You'll need to open an Expat Bank Account with us before you can open a Fixed Term Deposit account.

Explore our Expat Bank Account

Other ways to apply

To open a Fixed Term Deposit account in online banking, log on and follow the instructions.

Apply online today This link will open in a new window

Not registered yet?

Frequently asked questions

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

Select 'Fixed Term Deposit' on the 'Accounts' tab.
Choose your currency and term and select 'Apply'.
Choose your debit account, deposit amount and select maturity instruction. You will then see the interest rate, interest amount and what you'll receive at the end of your term.
Select 'Continue' and open your account.

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:

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.

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.

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.

Why choose our Fixed Term Deposit account?

Interest rates

Expats get up to 4.30% AER/Gross

Which currencies are available?

Things to know

Who can open the account?

Charges and interest rates

Account maturity

Understanding offshore savings accounts

Important documents

Apply for a Fixed Term Deposit account

Already with Expat?

New to Expat?

Other ways to apply

Apply online

Frequently asked questions

How do I open a Fixed Term Deposit account?

What happens when my Fixed Term Deposit matures?

How do I change the maturity instructions on my Fixed Term Deposit?

How do I access the funds in my Fixed Term Deposit account?

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Additional information

Disclaimers

Jersey Deposit Protection Scheme

Tax reporting

AER (Annual Equivalent Rate)

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