Grow your savings | Basic Savings Accounts

Basic Savings Account

A no-frills savings account of which interest is calculated daily and paid half-yearly.

Grow your money with our Savings Account

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

Exclusive deals and privileges with HSBC Visa Debit Card

Enjoy special discounts or offers at more than 2,000 food and shopping outlets nationwide.

Banking at your convenience

Easy access to complimentary monthly e-statement, fund transfer and bill payment via HSBC Online and Mobile Banking.

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

All Malaysian citizens & permanent residents are entitled to 1 Basic Savings Account and 1 Basic Current Account per banking institution.

To be eligible for Basic Savings Account, you must:

Be 18 years and above both for sole and joint account
Have minimum initial deposit of RM20.00. A minimum of RM20 is required to be maintained in the account at all times.

For Malaysian citizens: MyKad
For Permanent Residents (PR): Passport, PR card and one valid proof of residential address in Malaysia (e.g. utility bill, bank or credit card statement, mobile or internet subscription invoice, Quit Rent, stamped tenancy agreement)

Please visit your nearest branch to apply.

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^*.
*Read full details on PIDM protection.