The most common transaction account with HSBC.
Online Savings AccountsThe Online Savings Account from HSBC offers you a competitive interest rate and fee-free banking options.
Here is what you get:
A high
4.75% p.a.interest rate 5.50% p.a. on deposits greater than $500,000
Fee-free banking options within Australia
Unlimited HSBC ATM transactions
Five free ATM transactions per month, at any other banks ATM
Free BPAY®, EFTPOS and GiroPost®
Free automated Telephone Banking access
Cheque book option
Instant access to withdrawals
Interest calculated daily and paid monthly
No minimum balance after opening
Link to your online broking or margin lending account
Funds can be accessed at over 20,000 ATMs, 430,000 EFTPOS and at 2,500 GiroPost® offices throughout Australia and worldwide more than 810,000 ATMs and 1 million Maestro and Cirrus outlets.
There is a minimum of A$2,000 deposit required to open an Online Savings Account, but this does not need to be maintained after account opening.
http://www.hsbc.com.au/personal/accounts/osa.html