HSBC Bank CD Rates
The market is doing better. Bank CD rates at HSBC Direct are high at 2.30% annual percentage rate for 12 month certificates of deposit. Online banking at HSBC direct is easy-just link up an external account and make electronic transfers online. No need to ever step into a HSBC bank branch. This is an online CD rate and it is not available at local HSBC banks.
HSBC Direct’s parent, HSBC Bank USA, N.A. has over 10,000 offices across the globe. They also have almost four hundred fifty traditional bank branches in America.
The minimum opening deposit for this C.D. account is ten dollars. Although money can be made in interest with a certificate of deposit it is possible to lose money since HSBC Direct can impose a fee on early withdrawals.
HSBC Direct offers a variety of deposit products including online savings. High yield online savings rates can often be higher than CD rates but they can change frequently (there is no guarantee unlike a CD which is a time based deposit.) HSBC Direct current online savings rates are at 1.85% APY. It only takes one dollar to start earning a return on your investment at HSBCDirect and there is no monthly minimum so there are no fees for this savings acct.