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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

Effective Date : 5 May 2015

Balance Range (RM)
All amounts
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


Be rewarded when you open an HSBC Basic Savings Account online today

Enjoy a RM30 cash reward when you open an account between 27th April 2022 till 30th June 2022.

Just follow these simple steps:

  1. Apply for an account online here and complete your account opening application.
  2. Download the HSBC Malaysia Mobile Banking App and register your new account.
  3. Perform 5 Eligible Transactions1 (Debit Card Spend, Bill Payment, DuitNow pay-to-account, or JomPay)
  4. Get your RM30 cash reward1

Important notes:

1HSBC Digital Account Opening Rewards Campaign Terms and Conditions apply.

Apply for HSBC Basic Savings Account

New to HSBC

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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 welcome offers:

- RM500 eVoucher of your choice
- RM500 Cashback

- 0% Cash Instalment Plan
- 0% Balance Transfer Instalment

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