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Cheerful young couple using digital tablet; image used for HSBC Malaysia HSBC time deposit account page

HSBC Time Deposit Account

Enjoy competitive deposit rates from 1.40% - 2.70% 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 1.40% - 2.70% 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

Interest Rate

Savings interest rate as of 15 Jan 2021

Tenure (month)
Interest rate (% p.a.)
1 - 2
1.40
3 - 5
1.55
6
1.60
7 - 17
1.65
18 - 23
2.00
24 - 35
2.30
36 - 47
2.35
48 - 59
2.60
60
2.70

Savings interest rate as of 15 Jan 2021

Tenure (month)
1 - 2
Interest rate (% p.a.)
1.40
Tenure (month)
3 - 5
Interest rate (% p.a.)
1.55
Tenure (month)
6
Interest rate (% p.a.)
1.60
Tenure (month)
7 - 17
Interest rate (% p.a.)
1.65
Tenure (month)
18 - 23
Interest rate (% p.a.)
2.00
Tenure (month)
24 - 35
Interest rate (% p.a.)
2.30
Tenure (month)
36 - 47
Interest rate (% p.a.)
2.35
Tenure (month)
48 - 59
Interest rate (% p.a.)
2.60
Tenure (month)
60
Interest rate (% p.a.)
2.70

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Payment of interest on time deposits that are withdrawn before maturity date shall be: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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