HSBC Bank

Open an online savings account at HSBC Bank and earn 1.1% annual percentage yield (APY). That compares with the average savings rate of 0.8% APY currently being offered by banks. The savings rate is current as of July 24, 2010. The savings rate is variable and can change at any time.

Details of the savings account include:

• Open a savings account with as little as $1
• No minimum balance requirement
• No monthly maintenance fees
• HSBC checking account is not required
• Link non-HSBC Bank checking account to savings

HSBC Bank allows you to link as many checking accounts to your savings as you want. Recurring transfers can be set up between accounts. You also can withdraw money from most U.S. ATMs with an ATM or debit card. You can only manage the savings account  online and you have access to 24-hour customer support online or by phone.

HSBC Bank is part of HSBC Group, which is based in London. The financial services company has approximately 8,500 offices in 86 countries. HSBC also has over 475 branches located in the U.S.

Money in a HSBC Bank online savings account is insured by the Federal  Deposit Insurance Corp. (FDIC) up to $250,000 per depositor.

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment