Quarterly Bonus Saver Account

With a minimum deposit of only $100, earn an additional BONUS INTEREST for no withdrawals within each qualifying 3 month period. Open an account today!

HSBC BM
Savings
Quarterly Bonus Saver Account

Quarterly Bonus Saver Account

Our Quarterly Bonus Saver Account is an instant access account with an additional bonus interest if no withdrawals are made.

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

How to open an account for Quarterly Bonus Saver

Benefits

Standard interest rates of 0.05% on BMD, USD and CAD deposits

Automatically given to the account regardless of withdrawals, the account just needs to maintain a minimum $100 balance.
Bonus interest

If no withdrawals are made after each qualifying 3 month period²
Easy to open

Apply for a Quarterly Bonus Saver online through personal online banking or make an appointment with a Premium Banker or Premier Relationship Manager.

Available in Bermuda dollars, US dollars and Canadian dollars
Easy access to your money

No notice required for withdrawals.

See how much you can save

Find out how much you can earn with our Quarterly Bonus Saver calculator.

Use our Quarterly Bonus Saver calculator

Things you should know

Standard interest is automatically given to the account when it is opened. The standard interest is calculated daily and paid monthly to your Quarterly Bonus Saver Account on the first business day of the next calendar month. Where the first day of the month is not a business day, the interest amount will include any interest accrued up to (but not including) the first business day of the month. No interest will be paid for any day when the balance is below the minimum balance requirements (ie $100).

Bonus interest is interest paid in addition to the standard rate if no withdrawals are made within a qualifying 3 month period. If withdrawals are made from the account, the qualifying 3 month period will reset on the first business day of the next month, if the withdrawal did not take the balance under the $100 minimum requirement.

Our Quarterly Bonus Saver pricing.

BMD
Rates	100 to 500,000+
Standard Rate¹	0.05
Bonus Rate²	0.45
Total AER³	0.50

BMD
Rates	Standard Rate¹
100 to 500,000+	0.05

Rates	Bonus Rate²
100 to 500,000+	0.45

Rates	Total AER³
100 to 500,000+	0.50

USD
Rates	100 to 500,000+
Standard Rate¹	0.05
Bonus Rate²	0.45
Total AER³	0.50

USD
Rates	Standard Rate¹
100 to 500,000+	0.05

Rates	Bonus Rate²
100 to 500,000+	0.45

Rates	Total AER³
100 to 500,000+	0.50

CAD
Rates	100 to 500,000+
Standard Rate¹	0.05
Bonus Rate²	0.20
Total AER³	0.25

CAD
Rates	Standard Rate¹
100 to 500,000+	0.05

Rates	Bonus Rate²
100 to 500,000+	0.20

Rates	Total AER³
100 to 500,000+	0.25

¹The account must maintain a minimum of $100 or equivalent to receive the standard interest.

²Interest paid in addition to the standard rate if no withdrawals are made within a Qualifying 3 Month period.

³AER – Annual Equivalent Rate which is interest earned on an annual basis.

Quarterly Bonus Saver Fact Sheet (PDF, 159KB) Download

Apply now

Existing customers

If you are already a HSBC customer, simply log on to online banking and create a new account.

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New customers

If this is your first HSBC account, you can apply online in a matter of minutes by completing our simple form

Apply as a new customer This link will open in a new window

Apply in branch

It’s often quicker to apply online, but we’re still here in branch for those who need our support.

Quarterly Bonus Saver Account