HSBC Private Bank

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machu

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hi all,

i was just reading on the sunday times that private banks like hsbc allow you to open currency accounts and that last week you could earn 4.45% with hsbc Australian cuurrency account. i am aware of the risk of currency fluctuations but was just thinking that this might be a good way of diversifying my money. any opinions on this much appreciated.

thanks

machu
 
There is no reference in the article about haveing to have Australian residency to open an account
 
Hi Machu, I've the feeling that you need to have residency as I lived there and understood how strict they were on this. But if you've got a different answer from HSBC pls let us know, I would be very grateful :)
 
Sorry Godfather, i have made no contact with the HSBC the only information i have is what i have read on the sunday times. Hopefully there is someone outthere that can provide us with some more information as it would seem a good way of availing of a good interest rate in a strongly performing currency
 
There we go. I just simulated applying for an account with hsbc.com.au, and in the 2nd page you need to declare the following:
"I have an Australian Residential Address. For overseas residents, please contact our Direct Banking Centre at 1300 308 021 before proceeding with the application."

I can't call such number from here. :(
 
would it be possible to open an Australian currency account in there Dublin office and avail of there higher interest rates ? in the article it seems to imply it is
 
Thanks Godfather i will be interested in seeing what further information you might find on this.
 
Not sure, I'm pulling my strings through friends... :confused: But we could also add it to the best buy waiting for confirmation. Why dont you send them a request via internet and let us know pls?
 
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