HSBC Time Deposit

Transfer your savings to HSBC Time Deposit account for better interest rates with guaranteed fixed returns and flexibility to make placement in multicurrency

HSBC Time DepositMulticurrency Placement
Min. Deposit
RM1,000
Auto-renewal
Yes
Daily Interest
No
Early Withdrawal
Yes
Type
Conventional

Fixed Deposit Calculator

Interest Rate

What you earn based on the amount that you have in your account

You DepositDeposit PeriodEffective Interest Rate
min. RM5,0001 month1.7% p.a.
min. RM1,0002 months1.7% p.a.
min. RM1,0003 to 5 months1.8% p.a.
min. RM1,0006 months1.85% p.a.
min. RM1,0007 to 17 months1.9% p.a.
min. RM1,00018 to 23 months2.25% p.a.
min. RM1,00024 to 35 months2.55% p.a.
min. RM1,00036 to 47 months2.6% p.a.
min. RM1,00048 to 59 months2.85% p.a.
min. RM1,00060 months2.95% p.a.

Fees & Charges

Lost of Fixed Deposit Certificate
  • RM5 Service Charge
Additional Statement Request
RM5 per document

Requirements

Minimum Age
  • 18 years old

More Information

What do I need to know about HSBC Time Deposit?

HSBC Time Deposit is fixed deposit account whereby you place a portion of your money into this account for a specific period of time to earn a percentage of return.

This standard fixed deposit product from HSBC offers simple investment starting from RM1,000, with flexible placement tenures of up to 60 months. If you want to place a deposit for a short term of 1 month, the minimum investment amount of RM5,000.

Do I still get profit for making partial / full withdrawal?

It depends. At any situations, if you make a withdrawal within 3 months or less after placement, you will not be paid any interests on your deposit.

However, if you have a fixed deposit placement of 3 months and above, you will only receive half of the profits for the completed months when you perform an early withdrawal.

When do I get to collect my interest payment?

The payment of interests on your deposit comes at maturity. For example, if you invest an amount of deposit for a 12-month placement, you will get your principal plus interest at the end of the placement tenure. 

On the other hands, you will get paid interests half yearly or every six months if you have a deposit for more than thirteen months.

How to apply for HSBC Time Deposit?

You can apply here at RinggitPlus by clicking the APPLY NOW button, provided that you have met the requirements below:

  • Must be 18 years old and above;
  • Holder of NRIC
  • Have a minimum of RM1,000

If you are an existing HSBC Savings or Current Account holder with online banking access, you can signup online and manage your money from anywhere, at anytime.

Does HSBC auto renew my fixed deposit upon maturity?

If you do not instruct the bank, or withdraw your investment principal and interest when the term ends, then the bank will automatically renew under the same terms and tenure. They'll re-invest the interest you earned too.

Is my fixed deposit guaranteed under PIDM?

Absolutely. Your Time Deposit placement with HSBC is eligible for protection by PIDM for up to RM250,000.