Top of main content
A growing sapling; image used for HSBC Vietnam step-up time deposit page

Step-up Time Deposit Account

A savings account where the interest rate goes up over time – with no clawback if you withdraw your money early.

Sign up for a savings account now where the interest rate goes up over time - with no clawback if you withdraw your money early

The longer you save, the more you earn

Whether you're saving for a rainy day or for something special, our Step-up Time Deposit account can help you do it. Save for up to 12 months, with an interest rate that increases every quarter.

Why choose a Step-up Time Deposit account? (*)

  • Earn an attractive interest rate on your savings
    The interest you earn increases in steps the longer you have your account.
  • Withdraw your money at any time without penalty
    We won't take back any interest you've already been paid
  • Low minimum deposit
    Open your account with as little as VND 10 million.

(*) In accordance with the relevant regulations provided by State Bank of Vietnam from time to time.

Your chance to become a Premier customer

If your Total Relationship Balance is VND 1 billion or above, you'll be eligible to become an HSBC Premier customer – giving you and your family access to our premium banking services.

Premier ladder

Things you should know

You may find this tool useful: Savings goal calculator

What you need to apply

  • You must be 18 or older
  • A minimum deposit of VND 10 million
  • A personal account opening form(PDF, 799KB) (if you're applying in-branch)
  • Duplicate copy of original ID card (for Vietnamese) or passport (for non-Vietnamese)
  • Duplicate copy of valid entrance visa to Vietnam (for non-Vietnamese)
  • Duplicate copy of labour contract (for non-Vietnamese, if available)
  • Proof of address documents

Open your account now

Already an HSBC customer?

Opening your account is easy. Simply log on to Online Banking and send us a message through your Secured Mailbox

  1. Select 'Secured Mailbox'.
  2. Select 'Send us a message'.
  3. Request 'Open Time Deposit / Step-up Time Deposit'.

Don't have Online Banking?

You need to register for Online Banking before you can open a Step-up Time Deposit Account.

New customers

If you don't already have an HSBC account, please visit your nearest HSBC branch/transaction office to open your account.

Get in touch

If you have any questions or would like help setting up your account, get in touch and we'll be happy to help.

Contact us online

Fill in our short form and we'll contact you soon

Contact us by phone

Call us on:

(84 28) 37 247 247 (the South)

(84 24) 62 707 707 (the North)

Operating hours: 24/7 for lost or stolen card or token, dispute transactions or card related complaints, and from 08:00 to 22:00 daily for other matters.

Related products

A couple riding a boat; image used for HSBC Vietnam Savings Account page

A convenient way to make transactions and enjoy benefits.


Get started with HSBC Payroll Offers, an exclusive package for corporate employees.


The fastest way to satisfy your financial needs.