Why choose our Fixed Term Deposit account?
- Choose from 19 currencies
- Choose a fixed term between 1 month and 12 months (some currency terms may vary)
- For USD, GBP and EUR, you can also choose an 18-month, 2-year or 3-year term (please call us for more information)
- Hassle-free reinvestment - your term will automatically renew unless you tell us otherwise
Interest is calculated daily and paid at maturity.
Which currencies are available?
Things to know
Who can open the account?
More about this account
Understanding offshore savings accounts
Ready to open a Fixed Term Deposit account?
Already with Expat?
At the end of your term your deposit will be automatically renewed unless you update your maturity instructions.
New to Expat?
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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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.
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) 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.