Money Market Deposit Account

Product Overview

HSBC’s Money Market Deposit Account is the most popular type of transactional savings account due to its high interest rate payout, while keeping your asset liquid. Deposit are free at all participating debit/credit facilities which enable you to conduct even more convenient banking transactions while enjoying profitable returns.

Product Features

Customer Eligibility : Unrestricted
Debit/Credit : Free debits / credits
Interest Rate : Market floating rate (updated daily depending on market rate)
Interest Payment : Monthly capitalization (compounded interest effect)

Others

May not be assigned to other individuals nor may it be provided as collateral.

Benefits

Debits / credits are encouraged with our high interest rate
Additional earnings to be made from interest capitalization
Convenient banking transactions via auto-banking facilities(ATMs / Internet Banking / Phone Banking)

Act Now

If you have any enquiries about the service provided by HSBC bank, please send us e-mail or if you want consultation about products, please call us on ☎ 1588-1770.

▪ This product is eligible for the protection under the Depositor Protection Act. The Korea Deposit Insurance Corporation
  protects a maximum of KRW50mil including the principal and interest for each depositor at each financial institution in
  accordance with the Act.
▪ If real name verification is made under the name of a representing individual, the deposit will be considered as the property of
  the named individual and will be treated as an individual deposit in the case of cancellation, seizure and/or any other legal
  matter.
▪ Interest rate on this deposit account can vary according to fluctuations in the market and/or at the bank’s discretion.
▪ Interest rate on floating rate products will not be fixed until maturity but rather, will fluctuate when interest rate are revised
  based on movements in the market.

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