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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

Interest rates

Interest is calculated daily and paid at maturity.

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 a Fixed Term Deposit account?

Already with Expat?

To open a Fixed Term Deposit account, log on to online banking and follow the instructions. Not registered yet?

At the end of your term your deposit will be automatically renewed unless you update your maturity instructions.

New to Expat?

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

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, 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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