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HSBC Smart Saver Account

Smart Saver is a savings account that helps you resist the temptation to spend your savings by rewarding you with a great interest rate for every month you don't make a withdrawal.
  • Competitive variable rate of 0.50% p.a.
  • No minimum opening or ongoing balance required


  • Earn interest every month you don't make a withdrawal
  • Arrange for direct deposits straight into your Smart Saver Account to build your savings balance
  • Access to the account is available via HSBC Online Banking, Phone Banking and Branch
    Please note no interest will be paid if you make a withdrawal from your Smart Saver Account during the month.
  • 24 hours a day, 7 days a week Internet and Phone Banking
  • Branch Banking
  • Instant transfers to your HSBC Everyday account should you need to access your savings
    Remember no interest will be paid if you make a withdrawal during the month.

Rates and Fees

Are you eligible?

This account is available exclusively to our Premier customers.

To qualify for HSBC Premier, you need to meet the following qualifying criteria:

  • A minimum value of NZD500,000 in home loans with HSBC in New Zealand (facility limit not outstanding balance); and/or 
  • A minimum value of NZD100,000 in savings and investments with HSBC in New Zealand; and/or 
  • If you are an overseas HSBC Premier customer you will automatically qualify for Premier customer status in New Zealand.

After qualifying as a HSBC Premier customer, minimum home loan values no longer apply, although other home lending criteria may still need to be met. Eligibility criteria applies to HSBC Premier and the eligibility criteria is set at our discretion.

Apply now

Contact us

Call us 24/7 on 0800 02 80 88 (within New Zealand) or +64 9 368 8557 (from overseas; international toll charges apply).

Alternatively, you can e-mail us and we will get back to you within two business days.

You can also mail us at: PO BOX 5947, Wellesley Street, Auckland, 1141, New Zealand

Terms and conditions

1A monthly service fee will apply to Non-Premier customers with a Smart Saver Account. Please refer to our HSBC Retail Banking and Wealth Management Fees and Charges brochure (PDF, 76KB) for full details.

Interest is calculated daily and paid monthly on the last business day of the month.

No interest will be paid if a withdrawal is made during the month. If you make a withdrawal on or after the last business day of the month, it will result in no interest being applied in the following month.  For example, if you make a withdrawal on Friday, 29 July 2016, Saturday, 30 July 2016 or Sunday, 31 July 2016 no interest will be applied in the month of August 2016

Interest rate is subject to change at any time

No interest is payable on balances over $5,000,000

Maximum of one Smart Saver Account per customer

HSBC Smart Saver Account applicants must be individuals aged 18+

HSBC Retail Banking and Wealth Management Terms and Conditions (PDF, 639KB) and HSBC Retail Banking and Wealth Management Fees and Charges brochure (PDF, 76KB) apply

Issued by The Hongkong and Shanghai Banking Corporation Limited, incorporated in the Hong Kong SAR, acting through its New Zealand branch (“HSBC”).