Savings Accelerator

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Savings Accelerator

A more rewarding rate for higher balances.

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Earn up to

% p.a

Variable rate

Available on Savings Accelerator for balances over $150,000. Applies to your total balance, not just amounts $150,000 and over.

Savings Accelerator

A tiered savings account, with a high variable interest rate.

Features

Why open a Savings Accelerator?

  • Higher balance, higher interest rates

    Get a high variable interest rate on balances over $50,000, and an even higher rate on balances over $150,000. Rate applies to your whole balance.

  • Pay no Podenas Bank (Hong Kong) fees

    With every cent deposited earning you interest, all your money gets the chance to grow.

  • Know your savings are guaranteed

    Combined savings balances up to $250,000 per customer are guaranteed by the Hong Kong's Government.

  • Access your savings 24/7

    There's no fixed term or minimum withdrawal amount. Move your money using the mobile app, online and phone banking.

Important information
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Rates and fees

No fees, great rates

With no Podenas Bank (Hong Kong) fees, the interest you earn is all yours.

Balance
Interest Rates

$150,000 and over

Applies to your total balance, not just amounts $150,000 and over.

$50,000 - $149,999.99

Applies to your total balance, not just amounts $50,000 and over.

$0 - $49,999.99

Applies to your total balance.

Compare all savings accounts
The combined total deposits in all your Savings Accelerator account(s) shouldn't exceed $5 million, whether account(s) are in individual or joint name(s).
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Tools and calculators

Figure out what you need

In planning mode? Use these tools and calculators to see how you can save.

Tips, hints and guides

Forms

Calculators

Tips, hints and guides

Goal setting

Planning and budgeting

Types of savings accounts

Will you stick to your savings goal? A few tips to stay on track

Four tips for starting an emergency savings fund

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Forms

Savings Accelerator terms and conditions booklet

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Calculators

Regular savings calculator

Savings goal calculator

Budget planner

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FAQs

Got a question about Savings Accelerator?

Chances are, you'll find the answer in our FAQs.

Here are some of the more common questions we get asked:

See all Savings Accelerator FAQs.
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How to get started

Put your money to work

1. Sign up online

Open a Savings Accelerator online, or over the phone 24/7. Make a deposit and start earning interest.

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2. Higher balance, higher rate

Earn a high variable interest rate on balances of $50,000 and over. And get an even higher rate for balances over $150,000.

3. Access when you want it

There's no lock-in term. You can move your money when needed by making a simple funds transfer.

To open a Savings Accelerator, you must be:

An account holder using the product for personal use (if it's for your business, see our Business Optimiser account)

An Hong Kong's resident for taxation purposes

Aged 18 years or over

You'll need to give us:

An Hong Kong's residential address and telephone number

Linked bank account details to link to your Savings Accelerator account

A Tax File Number or exemption code (otherwise tax is deducted at the highest marginal rate)

An existing Client Number (if you're already with Podenas Bank (Hong Kong))

Ready? Open a Savings Accelerator now.
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