Savings Accounts

Opening a savings account can help you to grow your money and reach your financial goals more quickly. Explore our product range to find the right savings account to match your needs.

Got questions? Use our online Web Chat function to speak to a Contact Centre agent. Available Monday to Friday, 9am to 5pm AST.

Everyday Savings Account

Keep your money easily accessible for deposits, transfers and withdrawals
Access your accounts 24 hours per day with secure online and mobile banking
Set up automatic transfer of a regular fixed sum into your savings account

Start a positive savings habit with our easy access account.

Find out more about everyday savings account

Apply online for Everyday Savings Account This link will open in a new window

Fixed Term Deposits

Maturity dates can be fixed from short term to long term depending on your needs.

Maximizes earning potential of funds
Available in BMD, USD, GBP, CAD, AUD and NZD
Flexibility to suit needs in term and currency
$1,000 minimum deposit

Our Fixed Term Deposits offer you flexibility at competitive interest rates.

Existing customers can open a new account from the comfort of your home using online banking.

Aged 18 or over for a sole account. Under-18s must hold the account jointly with an individual over the age of 18
Non-residents must be able to demonstrate their relationship to Bermuda, such as property or employment
Withdrawals prior to maturity will be subject to penalties

Short term deposits

Fixed maturity from 3 months to 1 year
Available in BMD, USD, GBP, CAD, AUD and NZD
Interest is paid on maturity for all deposits up to one year
$1,000 minimum deposit

Long term deposits

Fixed maturity of 2, 3, 4 and 5 years
Available in BMD, USD, GBP, CAD, AUD, and NZD
$1,000 minimum deposit

Find out more about HSBC Fixed term deposits

Apply online for Fixed Term Deposits This link will open in a new window

Quarterly Bonus Saver Account

Available in Bermuda Dollars, US Dollars and Canadian Dollars
Bonus interest rate if no withdrawals made after each qualifying 3 month period
Easy access to your money - no notice required for withdrawals

An instant access account with bonus interest payments.

Existing customers can open a new account from the comfort of your home using online banking.

Standard Interest - automatically given to the account on opening, is calculated daily and paid monthly on the first business day of the next calendar month. Where the first day of the month isn't a business day, the interest will include any accrued up to (but not including) the first business day of the month. No interest is paid for any day when the balance is below the minimum balance requirements (i.e. $100).
Bonus Interest - interest paid in addition to the standard rate if no withdrawals are made within a qualifying 3-month period. If withdrawals are made, the qualifying 3-month period will reset on the first business day of the next month, if the balance is not below the $100 minimum requirement.

Find out more about the HSBC Quarterly Bonus Saver

Apply online for Quarterly Bonus Saver Account This link will open in a new window

MySavings Youth Account

For children of Personal Banking and Advance customers aged 7 to 17
For children of Premier customers aged 7 to 24
Start with as little as $25 and receive a gift
No maintenance fees
Bonus interest awarded every quarter

The perfect starter account to teach your children the value of saving and managing money.

Download an application form or request one from your local branch.

Standard and bonus interest is calculated daily, with standard interest credited to your account monthly and bonus interest quarterly, if no withdrawals are made after each qualifying 3-month period.

Identification is required from both the applicant and a co-signatory (parent/guardian) at time of account opening.

Find out more about MySavings Youth Account

How to apply for MySavings Youth Account

Disclosure

Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority.

Everyday Savings Account

Fixed Term Deposits

Fixed Term Deposits additional information

Quarterly Bonus Saver Account

Quarterly Bonus Saver additional information

MySavings Youth Account

MySavings Youth Account additional information

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