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A woman is putting money in a jar; image used for HSBC Basic Savings Account page.

Basic Savings Account

A no-frills savings account of which interest is calculated daily and paid half-yearly. Open an account online in minutes now!

Grow your money with our Savings Account

A basic savings account which pays interest and comes with a complimentary HSBC Visa Debit Card.

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

Effective Date: 5 May 2015
Balance Range (RM)
Interest Rate (% p.a.) - Normal Rate
Interest Rate (% p.a.) - Effective Rate
All amounts
0.25
0.25
Effective Date: 5 May 2015
Balance Range (RM)
All amounts
Interest Rate (% p.a.) - Normal Rate
0.25
Interest Rate (% p.a.) - Effective Rate
0.25
  • 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

Eligibility

Kickstart your savings in 2023 with RM100 on us

Enjoy a RM100 cash reward when you open a HSBC Basic Savings Account, save and transact between 5th January 2023 till 28th February 2023.

Just follow these simple steps:

  1. Apply for an account online here and complete your account opening application.
  2. Download the HSBC Mobile App, register and log in to your online banking account.
  3. Perform 5 Eligible Transactions1 (Debit Card Spend, Bill Payment, DuitNow pay-to-account, or JomPay) of minimum RM20 within 30 days of account opening.
  4. Get your RM100 cash reward1 deposited to your new account.

Important notes:

1Applicable for New to HSBC customers only. HSBC Digital Account Opening Rewards Campaign Terms and Conditions apply.

Apply for HSBC Basic Savings Account

New to HSBC

Enjoy faster application with instant decision by tapping “Instant Apply”.

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Click here if you need tips to complete your application form.

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

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