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HSBC Time Deposit Account

Enjoy competitive deposit rates from 2.30% - 3.45% p.a.

HSBC Time Deposit

A smart and convenient way to grow your money.

Key Benefits and Privileges

  • Higher returns than an ordinary savings account
    Enjoy fixed and competitive deposit rates from 2.30% - 3.45% p.a.
  • Flexible deposit amounts and tenures
    Make flexible placement from as low as RM1,000 (2 months and above) or  RM5,000 for 1 month
  • Easy to open
    Online account opening in a few simple steps. It's a paperless application - simple and convenient
  • Flexible updates
    Update your maturity instructions anytime anywhere via online banking

Secure higher returns with interest rates of up to 4.38% p.a.1

Exclusive for New HSBC Premier Everyday Global Account customers. Place a 6 months Time Deposit to enjoy these special rates.

Promotion period: 19 September 2022 to 28 February 2023.

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.

Exclusive for New HSBC Premier Everyday Global Account customers. Place a 6 months Time Deposit to enjoy these special rates.

Promotion period: 19 September 2022 to 28 February 2023.

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

Savings interest rate as of 11 Nov 2022
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
Savings interest rate as of 11 Nov 2022
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

Log on page of Online Banking; image used for HSBC Malaysia HSBC time deposit account page.

1. Log on to HSBC Online Banking with your username and password or security device

Time Deposit application page; image used for HSBC Malaysia HSBC time deposit account page.

2. Complete the application with only 4 fields to be filled

Details review and confirmation page; image used for HSBC Malaysia HSBC time deposit account page.

3. Verify all details then 'Confirm' your application

Apply online in minutes

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.

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Enjoy global benefits and worldwide assistance with HSBC Premier.

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.

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