Grow your money with our Savings Account
A basic savings account which pays interest and comes with a complimentary HSBC Visa Debit Card.
It’s easy to open an account online.
Key Benefits and Privileges
Banking at your convenience
Easy access to complimentary monthly e-statement, fund transfer and bill payment via HSBC Online and Mobile Banking.
Easy to open
Online account opening in 3 simple steps. It’s a paperless application - simple and convenient.
Basic Savings Account Interest Rates
|Balance Range (RM)
||Interest Rate (% p.a.) - Normal Rate
||Interest Rate (% p.a.) - Effective Rate
|Balance Range (RM)
|Interest Rate (% p.a.) - Normal Rate
|Interest Rate (% p.a.) - Effective Rate
- Effective Rate to be determined by the Bank from time to time and credited to the account every June and December
- If the account is closed, the interest accruing to the account will be calculated up to the last completed day before its closure
- You may find out more in our interest rate comparison
Are you eligible?
RM30 cash reward and a chance to win a Dyson Pure Cool Purifier
Enjoy a RM30 cash reward and stand a chance to win a Dyson Pure Cool Purifier when you open an account, save and transact between 1st October 2022 till 31st December 2022.
Just follow these simple steps:
- Apply for an account online here and complete your account opening application.
- Download the HSBC Mobile App, register and log in to your online banking account.
- Perform 5 Eligible Transactions1 (Debit Card Spend, Bill Payment, DuitNow pay-to-account, or JomPay) of minimum RM20 within 30 days of account opening.
- Get your RM30 cash reward1
- Earn one (1) entry to win a Dyson Pure Cool Purifier with every RM1,000 average monthly balance maintained in the account.1
Apply for HSBC Basic Savings Account
New to HSBC
Existing HSBC customer
Things you should know
- Initial deposit: RM20
- A minimum of RM20 is required to be maintained in the account at all times
- No service charge or maintenance fee
- Member of Perbadanan Insurans Deposit Malaysia
Protected by Perbadanan Insurans Deposit Malaysia up to RM250,000 for each depositor*.
*Click here for more details on PIDM protection.
Frequently asked questions
Apply online for an HSBC Credit Card today and receive one of the following sign up offers:
- RM500 eVoucher of your choice
- RM500 Cashback