Manage up to 10 currencies with a flexible, instant-access savings account.
Transfer funds to any account in Hong Kong and around the world easily, securely and quickly.
Manage your money online, via ATM, phone or at an HSBC branch.
Lock your money away for a set period and earn interest at an attractive rate on a range of currencies.
Access your savings whenever you need them, and earn interest at the same time.
Currency conversion risk - the value of your foreign currency and renminbi deposit will be subject to the risk of exchange rate fluctuation. If you choose to convert your renminbi deposit to other currencies at an exchange rate that is less favorable than the exchange rate in which you made your original conversion to renminbi, you may suffer loss in principal.
Renminbi is currently not freely convertible and subject to regulatory restrictions (which might be changed from time to time). For personal customers who are Hong Kong residents, conversions conducted through renminbi deposit accounts with banks in Hong Kong are subject to the limit of up to RMB20,000 per person per day. Personal customers who are Hong Kong residents should allow time for conversion of renminbi from/to another currency of an amount exceeding the daily limit. Non-Hong Kong residents are not required to observe the corresponding limits and requirements regarding renminbi conversions for Hong Kong residents.
The balance of Renminbi Savings Account will be included in the calculation of the Total Relationship Balance. Bonus interest rate will be applied if the customer's Total Relationship Balance is over HKD1,000,000.