HSBC Savings Account
If all you want to do is keep your money safe, you can achieve just that with HSBC Savings Account. What's more, with your free ATM card, and online banking, you can carry out a wide range of banking transactions, 24 hours a day, 7 days a week.
| Savings Account and Savings Plus Account |
Interest rate is calculated based on different balance range as follows:
|
|---|
| Account balance tiers |
Applicable interest rate |
|---|---|
| First Rs.499.999.99 of the balance |
0.25% p.a. |
| Next Rs.500,000.00( up to Rs 999,999.99 of the balance) |
0.30% p.a. |
| Next Rs.700,000 ( Rs.1 million to Rs.1,700,000 of the balance) |
0.35% p.a. |
| Account balance tiers |
First Rs.499.999.99 of the balance |
|---|---|
| Applicable interest rate |
0.25% p.a. |
| Account balance tiers |
Next Rs.500,000.00( up to Rs 999,999.99 of the balance) |
| Applicable interest rate |
0.30% p.a. |
| Account balance tiers |
Next Rs.700,000 ( Rs.1 million to Rs.1,700,000 of the balance) |
| Applicable interest rate |
0.35% p.a. |
Benefits
Interest-bearing account with tiered rates
Where higher balances held would earn more interest..
An ATM Card issued for free
Can be used to access your account 24 hours a day, 7 days a week, both locally and abroad for cash withdrawals and balance enquiries on an ATM
No minimum balance needs to be maintained to receive interest
Account is available in local currency and foreign currency
A commission is charged for deposit and withdrawals from foreign currency accounts only
Deposits or withdrawals may be made at any HSBC branch in Mauritius
Receive and transfer funds instantly from other connected local banks through MauCAS (Mauritius Central Automated Switch). Learn more
Interest is accrued on daily credit balance
Credited on a half-yearly basis to your account (on 01 June and 01 December of each year).
Convenient and easy to understand statements
An updated record of your transactions, together with the balance, is sent on a half-yearly basis to you free of charge.
Standing orders and direct debit payments are allowed
You may amend, cancel or put on hold your existing standing orders and direct debit by contacting us or by sending a secured message on your Personal Internet Banking.
Accounts can be opened at any HSBC branch in Mauritius
No minimum amount is required to open a savings account
Register to Personal Internet Banking to access your account details, obtain your statements, make transfers and payments online.
Eligibility
To be eligible for a savings account:
- Individuals must be aged 18 years or older
- For under-18s, an account has to be operated by a parent or responsible party
- Foreign nationals must produce a letter of reference from their main overseas banks
Apply now
Find your nearest branch to apply in person.
Documents required
Documents you'll need to open an HSBC Savings Account:
- Proof of identity - an identity card or passport
- Letter of reference from main bank overseas (for expatriates)
- Proof of address - Central Electricity Board, Central Water Authority, or Mauritius Telecom
- Bank statements for the last 3 months (for expatriates)
- Proof of work permit (for expatriates)
- Evidence of source of funds may be requested from customers
Related products
Current account
More flexibility in managing your finances.
Grow your savings with HSBC Fixed Deposit account
Receive a higher rate of interest.
Foreign currency account
Deposit money in a choice of major currencies.