There are more benefits when you qualify for and open a HSBC Premier Savings Account as compared to a normal HSBC Personal Savings Account. Having a HSBC Premier Savings Account means you’re entitled to global support at any HSBC Premier Centres worldwide and HSBC Premier status recognition in all countries where you bank with HSBC, and a dedicated Premier Relationship Manager to help manage your personal finances.
While there is no minimum monthly income required to be credited into your HSBC Personal Savings Account, the minimum monthly income requirement for HSBC Premier Savings account is $15,000 for Singaporeans and PRs or foreigners residing in Singapore. In addition, you’ll have to keep at least SGD200,000 (or its equivalent in foreign currencies) in your HSBC Everyday Global Premier Account at any point of time, while the minimum to keep in your HSBC Savings Account is only $2,000.