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Earn 1.35% APY with HSBC Direct Online Savings

4 comments

Offered by:
HSBC Direct
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Save your money in an HSBC Direct Online Savings Account and get 1.35% APY. Receive no monthly fees, no minimum balance requirements, and the ease and efficiency of online payments and security.

Your savings will grow with:

1.35% APY* - One of the highest savings rate in the country.
No monthly fees.
No minimum balance requirement.

When you open an account, you

Only have to put $1 in to start.
Don't have to open a checking account with HSBC.
Will manage your account on HSBCdirect.com instead of at a branch.

Manage your account by

Depositing or withdrawing at any HSBC ATM in the U.S.
Sending your deposit by mail.
Transferring funds online to and from your other bank accounts.

And, feel good about it

Your money's FDIC-insured to the maximum permitted by law..
You'll be banking in a secure online environment.
Kiplinger's Personal Finance magazine named HSBC Direct "Best Online Savings Account" in 2006.

* Annual Percentage Yield (APY) is accurate as of 09/23/2009. APY is variable and subject to change. Minimum deposit to open is $1.00.

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USER COMMENTS(4)

ezgoldsc
Oct 17
12:35 pm

I have this account and have had it for years. Yes, the interest rate fluctuates based on going rates, but HSBC is a rock-steady institution with great customer service, and an awesome web interface. THey make moving money in and out of the HSBC account really easy.

Commissar007
Feb 25
3:20 pm

They change your interest rate and don't even let you know. I had them back when they were offering 4.51 and it dropped to 2.01 within 3 months. Currently I'm getting 2.65 with dollar one direct, which is also an online saving account and they have no fees.

ValeriaL
Jan 11
9:25 am

I have this HSBC Online Savings Account, and it has been quite easy to use. Agree with PatMan that the transfers should be able to be recognized faster (ie. I notice the withdrawal within 1 day from my linked account, but HSBC doesn't show it available for 2 additional days). This affects the interest payment - which is based on "average available daily balance".

PatMan
Dec 22
4:49 pm

I currently have a 3.5% from HSBC; as well as a 4.25% CD; their online tools are intuitive and easy to use. The transfer feature is a bit slow when moving money into or out of HSBC (takes about 3 days for the transfers to complete).