HSBC Premier Children's Savings Account
HSBC Premier Children’s Savings Account is a savings account designed especially for children of HSBC Premier customers who can also utilise the HSBC Premier benefits.
- Base rate
- 0.15%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0.01% | $0-$4,999 | monthly |
| Variable Amount Range $5,000-$9,999 | 0.1% | $5,000-$9,999 | monthly |
| Variable | 0.15% | $10,000+ | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| International Transfer from a bank to your HSBC account This fee applies to receiving payment into the account in AUD, a foreign currency or a currency different to your account | Deposit | $10.00 |
| Transfer from a local bank to your HSBC account in a foreign currency | Deposit | $10.00 |
| Real Time Gross Settlement Transfer (RTGS) from a local bank to your HSBC account in AUD | Deposit | $10.00 |
| Foreign currency cheques/drafts issued by a bank and paid into your HSBC account This fee applies to receiving payment into the account in AUD, the same foreign currency or a different foreign currency | Deposit | $10.00 |
| International Transfer made via HSBC Branch You can choose to pay a Correspondent Bank Cover Fee of AUD30, and we will cover the intermediary/correspondent bank charges.If you do not wish to pay the Correspondent Bank Cover Fee, you can have the intermediary/correspondent bank fees charged to the recipient. This means the amount the payee receives will be less than the amount you send as any intermediary/correspondent bank fees will be automatically deducted. | Payment | $20.00 |
| International Transfer made via Online Banking |
Features
- Card access — Visa Debit Card
- Unlimited transactions
- HSBC Premier Children’s Savings Account is a savings account designed especially for children of HSBC Premier customers who can also utilise the HSBC Premier benefits.
- Digital wallet — Apple Pay
- Digital banking
- Unlimited transactions
- Applicable to family members of HSBC Premier customers who are aged up to 30.
- Digital wallet — Google Pay
- Real-time payments (NPP)
Eligibility
- Maximum age — 30 yearsAvailable for children of Premier customers aged up to 30 years. . Once the child reaches the age of 31 years, we may convert the account to a Day to Day Account or other account at our discretion, which may be closed without cost by the account holder within 30 days.
- Minimum age — 12 yearsAvailable for children of Premier customers aged up to 30 years. . Once the child reaches the age of 31 years, we may convert the account to a Day to Day Account or other account at our discretion, which may be closed without cost by the account holder within 30 days
- An HSBC Premier Visa Debit card can only be issued to customers aged 12 years and above, with parent/guardian approval required for customers under 16.
- HSBC Premier Visa Debit card holder can deposit and withdrawal at HSBC ATM (in Australia). . You may only use ATMs outside Australia with your Visa Debit card where the ATM displays the Visa or Visa PLUS logo for withdrawal only.
Bundles
HSBC Premier
HSBC Premier is a global banking and wealth management service that offers customers day to day banking, international recognition, worldwide assistance, investment expertise, rewards and privileges.
More Information
Published by HSBC under the Consumer Data Right · Last updated 15 December 2025 · Product ID CSV · View on CDR.gov.au