HSBC Bank is a large multi-national bank and offers several checking accounts for different needs.

HSBC Direct is the online banking operation and offers high interest savings for just a minimum deposit of a dollar with no service fees.

Albeit, Synchrony Bank offers one of the highest interest savings including an ATM card for withdrawals.

There are no services fees as well is a minimum deposit. However, their CDs requires a $2,000 minimum deposit to open.

Continue reading below for a more in-depth look for both HSBC Bank and Synchrony Bank. You can choose to see which one fits your needs the most.

TOP HSBC BANK PROMOTIONS
Find all HSBC Bank Promotions here
PROMOTIONAL LINK	OFFER	REVIEW


	HSBC Bank	Synchrony Bank
Locations	Over 240 branches on the East and West Coasts HSBC Direct- Online only	Online based banking
ATMs	HSBC ATMs in U.S.; HSBC ATMS abroad may incur additional fees and foreign conversion rates.	Any ATMs with Plus or Accel logos
Savings	5/5	5/5
CD	N/A	5/5
Checking	5/5
Money Market	N/A	4/5
Customer Service	4/5	4/5
Mobile App	N/A
Pros	-Global presence -High online savings APY	-Savings with ATM card -High APY -All balance tiers receive same rate
Cons	-Not in every state	-No checking account -High APY -All balance tiers receive same rate
Bottom Line	HSBC offers a full array services like high-yield online savings and several checking options.	Synchrony Bank offers competitive rates for their savings and CDs accounts.

Table of Contents

1 HSBC Bank Promotions
2 Compare to Other Banks
3 Bottom Line

HSBC Bank Promotions

HSBC Advance checking accountHSBC Premier checking accountHSBC Direct Savings account

*See all HSBC Advance Checking offers here.

*See all HSBC Premier Checking offers here.

*See all HSBC Direct Savings offers here.

Compare to Other Banks

HSBC

Synchrony Bank

Bottom Line

Which Bank is Better: HSBC or Synchrony Bank?

In summary:

HSBC is a well known bank with a solid reputation. They offer competitive rates on their online savings account!
Synchrony Bank offers several banking options not only that their APYs is considered one of the higher rates in the industry. However, they fall back on limited customer service.

For more variety of options, see our list of the best bank account bonuses & savings account offers.

More on Synchrony Bank:

Discover Bank Promotions for February 2023: $200/$150 Savings Bonus, $360 Cashback Debit

SoFi Promotions: $10, $25, $50, $100, $275, $300, $5,000 Bonuses For Checking, Savings, Invest, Student Loan, Personal Loan Products

Huntington Bank Promotions for February 2023: $100, $200, $300, $400, $1,000 Checking Bonuses – Ends 5/7/23

Bank Offers You May Like See our best bank bonuses updated daily to earn up to $1,000 in free money. Find popular checking offers such as Chase Bank, U.S. Bank, TD Bank, Huntington Bank, Axos Bank, Discover Bank, and BMO Harris Bank. See our best rates for Savings and CD.
FEATURED BANK PROMOTIONS
PROMOTIONAL LINK	OFFER	REVIEW
Chase Business Complete Banking^SM	$300 Cash	Review
Chase Total Checking®	$200 Cash	Review
BMO Harris Premier™ Account	$350 Cash	Review
BMO Harris Smart Advantage™ Account	$200 Cash	Review
BMO Harris Smart Money™ Account	$200 Cash	Review
U.S. Bank Smartly^TM Checking	$600 Cash	Review
U.S. Bank Business Checking	$400 Cash	Review
Citi Priority Account	Up to $2,000 Cash Bonus with required activities.	Review
Citigold® Checking Account	Up to $2,000 Cash Bonus with required activities.	Review
HSBC Premier Checking Member FDIC	$500 Cash	Review
Discover Online Savings Account	$200 Cash	Review
Chase Private Client	$2000 Cash	Review
J.P. Morgan Self-Directed Investing	Up to $700 Cash	Review
Chase College Checking^SM	$100 Cash	Review
Chase Secure Banking^SM	$100 Cash	Review
SoFi Checking and Savings Account	$275 Cash	Review
Huntington Bank Unlimited Plus Business Checking	$1,000 Cash	Review
Huntington Bank Unlimited Business Checking	$400 Cash	Review
Huntington Bank Business Checking 100	$100 Cash	Review
TD Bank Beyond Checking	$300 Cash	Review
TD Bank Convenience Checking^SM	$200 Cash	Review
First National Bank Checking>	$400 Cash	Review
PSECU Checking	$300 Cash	Review
Axos Bank Rewards Checking	$100 Cash	Review
Axos Bank Basic Business Checking	$200 Cash	Review
Axos Bank Business Interest Checking	$200 Cash	Review
Axos Business Savings	$200 Cash	Review
Axos Self Directed Trading	$200 Cash	Review
TradeStation	$150 Cash	Review
Sallie Mae Bank 27-Month CD	5.00% APY	Review
Sallie Mae Bank 14-Month No Penalty CD	4.40% APY	Review
Western Alliance Bank High Yield Savings	4.23% APY	Review
Third Coast Bank High Yield Savings	4.13% APY	Review
CIT Bank Savings Connect	4.05% APY	Review

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Bank

Advertise Here!

BMO Harris Smart Advantage™ Account
$200 Cash

BMO Harris Smart Money™ Account
$200 Cash

BMO Harris Premier™ Account
$350 Cash

Chase Business Complete Banking^SM
$300 Cash

Chase Private Client
$2,000 Cash

Chase Total Checking^®
$200 Cash

U.S. Bank Smartly™ Checking Account
$600 Cash

U.S. Bank Smartly™ Checking Account
$400 Cash

U.S. Bank Smartly™ Checking Account
$200 Cash

U.S. Bank Business Checking
$400 Cash

Citi Priority Account
Up to $2,000 Cash Bonus
with required activities.

Citigold® Checking Account
Up To $2,000 Cash Bonus
with required activities.

SoFi Checking and Savings Account
$275 Cash

J.P. Morgan Self-Directed Investing
Up to $700 Cash

Chase College Checking^SM
$100 Cash

Chase Secure Banking^SM
$100 Cash

Huntington Bank Unlimited Plus Business Checking
$1,000 Cash

Huntington Bank Unlimited Business Checking
$400 Cash

Huntington Bank Business Checking 100
$100 Cash

Sallie Mae Bank 27-Month CD
5.00% APY

Sallie Mae Bank 14-Month No Penalty CD
4.40% APY

Western Alliance Bank High Yield Savings
4.35% APY

TD Bank Beyond Checking
$300 Cash

TD Bank Convenience Checking^SM
$200 Cash

First National Bank Checking
$400 Cash

PSECU Checking
$300 Cash

Axos Bank Rewards Checking
$100 Cash

Axos Bank Basic Business Checking
$200 Cash

Axos Bank Business Interest Checking
$200 Cash

Axos Bank Business Savings
$200 Cash

Axos Self Directed Trading
$200 Cash

Axos Managed Portfolio
$200 Cash

TradeStation
$150 Cash

CIT Bank 18-Month CD
4.60% APY

CIT Bank No-Penalty CD
4.10% APY

CIT Bank Savings Connect
4.05% APY

UFB Best Savings
4.21% APY

UFB Best Money Market
4.21% APY

American Express® High Yield Savings account
3.30% APY as of 12/22/22

Aspiration Checking
$50 Cash

Discover Bank Online Savings
$200 Cash
See advertiser website for full details

Discover Bank Online Savings
$150 Cash
See advertiser website for full details

To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code HMB323 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 3/15/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice.

Credit Card Bonuses