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
- Enjoy special discounts or offers at more than 2,000 food and shopping outlets nationwide.
- Banking at your convenienceEasy access to complimentary monthly e-statement, fund transfer and bill payment via HSBC Online and Mobile Banking.
- Easy to openOnline 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 |
|---|---|---|
| All amounts |
0.25 |
0.25 |
| 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
RM100 Cash Reward can be yours!
Enjoy a RM100 cash reward when you transact with your new HSBC Basic Savings Account between 1st March 2023 till 30th June 2023.
Just follow these simple steps:
- Apply for an account online here and complete your account opening application.
- Download the HSBC Malaysia 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 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
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Existing HSBC customer
Leave us your contact details and we will be in touch with you.
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 today to get up to RM500 eVoucher of your choice
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