0. Press question mark to learn the rest of the keyboard shortcuts. In contrast with its excellent savings rates, HSBC Direct’s CDs offer low rates when compared to the competition. But since it’s an online account, you won’t have any ATM access. 1 HSBC Direct Savings is an "online only" product, which requires use of automated telephone banking, eStatements, and Personal Internet Banking.This is an HSBC consumer account and is not available as an HSBC business account. The HSBC Direct Savings account is available online in all 48 states. 1 The HSBC Premier Savings account is available to customers with an HSBC Premier 9 checking account in the United States.. 2 The Annual Percentage Yields (APYs) and balances for an HSBC Premier Savings account which are accurate as of {{currentDate}} are: 0.01% APY on balances of $0 - $24,999.99, 0.10% APY $25,000 - $99,999.99, 0.15% APY $100,000 - $249,999.99 and 0.15% APY $250,000 or more. The HSBC Direct Online Savings Account is similar to other high-yield savings accounts in that respect, with its competitive APY. Online savings accounts often have an advantage when it comes to interest rates, allowing them to outpace what traditional banks offer. HSBC Direct Savings can only be opened online. Press J to jump to the feed. 2 Personal checks are not available for HSBC Direct Checking accounts through HSBC check vendor. When I log in to my account it doesn't show what the interest rate or APY is. The Bank just increased the rate of its savings account by 21 bps to 2.01% APY. Log in sign up. HSBC Direct Savings can only be opened online. The Bank just increased the rate of its savings account by 21 bps to 2.01% APY. Member FDIC. Posted by 2 months ago. At this rate, over the course of a year, depositing $100,000 into HSBC Direct Savings could produce $1,014.68 in interest compared to the national rate of 0.06% which would produce just $60.01. This shows you what the gross rate would be if interest were paid and compounded each year. HSBC, the major London-based conglomerate, has relaunched an online banking product in the US. The best kind of savings account will depend on your circumstances and what you want to achieve. Maximise your savings to grow your money and reach your goals.
HSBC Direct Savings. HSBC Direct Savings. Yes, your HSBC Bank USA savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC # 57890 ). HSBC, a British multinational, offers online savings accounts to American customers through HSBC Direct. Because this is an online-only account, they don’t have the operating fees associated with brick-and-mortar branches, and they pass the savings right on to their customers by offering an incredible 1.30% APY on any amount in the account over $1. Find out if it's right for you.