HSBC Savings Account
|Savings Account and Savings Plus Account
Interest rate is calculated based on different balance range as follows:
- Interest-bearing account with tiered ratesEarn interest at different rates as per set account balance thresholds. (Applicable for savings account in Mauritian Rupee only)
- An ATM Card issued for freeCan 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 selected 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 balanceCredited on a half-yearly basis to your account (on 01 June and 01 December of each year).
- Convenient and easy to understand statementsAn 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 allowedYou 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.
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
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