HSBC Time Deposit
Key Benefits and Privileges
- Higher returns than an ordinary savings accountEnjoy fixed and competitive deposit rates from 2.30% - 3.45% p.a.
- Flexible deposit amounts and tenuresMake flexible placement from as low as RM1,000 (2 months and above) or RM5,000 for 1 month
- Easy to openOnline account opening in a few simple steps. It's a paperless application - simple and convenient
Secure higher returns with interest rates of up to 4.38% p.a.1
Minimum Single Time Deposit Placement Amount |
Time Deposit Tenure |
Interest Rates |
|---|---|---|
RM200,000 |
Six (6) month |
4.18% p.a. |
RM500,000 |
Six (6) month |
4.28% p.a. |
RM1,000,000 |
Six (6) month |
4.38% p.a. |
Minimum Single Time Deposit Placement Amount |
RM200,000 |
|---|---|
Time Deposit Tenure |
Six (6) month |
Interest Rates |
4.18% p.a. |
Minimum Single Time Deposit Placement Amount |
RM500,000 |
Time Deposit Tenure |
Six (6) month |
Interest Rates |
4.28% p.a. |
Minimum Single Time Deposit Placement Amount |
RM1,000,000 |
Time Deposit Tenure |
Six (6) month |
Interest Rates |
4.38% p.a. |
Interest Rate
| Tenure (month) |
Interest rate (% p.a.) |
|---|---|
| 1 | 2.30 |
| 2 | 2.30 |
| 3 - 5 | 2.50 |
| 6 - 9 | 2.60 |
| 10 - 12 | 2.65 |
| 13 - 17 |
2.65 |
| 18 - 23 |
2.85 |
| 24 - 35 |
3.10 |
| 36 - 47 | 3.20 |
| 48 - 59 | 3.35 |
| 60 |
3.45 |
| Tenure (month) |
1 |
|---|---|
| Interest rate (% p.a.) |
2.30 |
| Tenure (month) |
2 |
| Interest rate (% p.a.) |
2.30 |
| Tenure (month) |
3 - 5 |
| Interest rate (% p.a.) |
2.50 |
| Tenure (month) |
6 - 9 |
| Interest rate (% p.a.) |
2.60 |
| Tenure (month) |
10 - 12 |
| Interest rate (% p.a.) |
2.65 |
| Tenure (month) |
13 - 17 |
| Interest rate (% p.a.) |
2.65 |
| Tenure (month) |
18 - 23 |
| Interest rate (% p.a.) |
2.85 |
| Tenure (month) |
24 - 35 |
| Interest rate (% p.a.) |
3.10 |
| Tenure (month) |
36 - 47 |
| Interest rate (% p.a.) |
3.20 |
| Tenure (month) |
48 - 59 |
| Interest rate (% p.a.) |
3.35 |
| Tenure (month) |
60 |
| Interest rate (% p.a.) |
3.45 |
Minimum deposit of RM5,000 for one (1) month tenure or RM1,000 for tenure of two (2) months and above.
Payment of interest on time deposits that are withdrawn before maturity date shall be:
- Where the time deposit is held for 3 months or longer, interest will be paid at half the contracted rate for each completed month; and
- Where the time deposits is held for less than 3 months, no interest shall be paid.
Payment of interest upon maturity:
- For deposit at or over 13 months, interest can be credited every half-yearly if required.
The payment of interest, if any, shall be paid:
- On the maturity date; or
- At periodic intervals at the Bank's discretion.
How to place Time Deposit online in 3 simple steps
Online Banking
1. Log on to HSBC Online Banking with your username and password or security device
2. Complete the application with only 4 fields to be filled
3. Verify all details then 'Confirm' your application
Apply online in minutes
Existing HSBC customer
New to HSBC
Prerequisite of opening time deposit account is to have at least one HSBC savings or current account. Therefore, you are advised to open HSBC savings or current account via online account opening, then proceed to HSBC Online Banking to instantly place time deposit online.
Things you should know
- Customer must have at least one HSBC current account or savings account
- Minimum deposit amount: RM5,000 for 1 month or RM1,000 for 2 months and above
- 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
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T&Cs apply.
Important information
1 Amended Terms and Conditions for HSBC New Premier Time/Term Deposit/-i Promotion ("Promotion"). The Promotion is open to new to bank and existing to bank customers who join or being upgraded as HSBC Premier Customer ("Eligible Customers"). All time deposit placements must be made with New Funds by the Eligible Customers under this Promotion and completed within the Promotion Period. The maximum time deposit placement under this Promotion is Ringgit Malaysia One Million (MYR1,000,000) for each Eligible Customer. No interest shall be payable in the event the time deposit placement is withdrawn prior to the maturity of the placement, whether wholly or partially, regardless of the number of completed months at the time of premature withdrawal.