HSBC

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

  • You DepositDeposit PeriodEffective Interest Rate
    more than RM50001 month2.75% p.a.
    more than RM10002 months2.75% p.a.
    more than RM10003 to 11 months2.85% p.a.
    more than RM100012 to 17 months2.9% p.a.
    more than RM100018 to 23 months3.1% p.a.
    more than RM100024 to 35 months3.4% p.a.
    more than RM100036 to 47 months3.5% p.a.
    more than RM100048 to 59 months3.8% p.a.
    more than RM100060 months3.9% p.a.

Apply online now for HSBC Time Deposit

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Fees & Charges

There are always fees but how much are they?

Lost of Fixed Deposit certificate
  • RM5.30 Service Charge
Additional Statement Request
RM5.30 per document

All fees & charges are inclusive of 6% GST if applicable

Requirements

Are you eligible for this HSBC Time Deposit?

Minimum age
18 years old

Frequently Asked Questions about HSBC Time Deposit

Things you might want to know

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.

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