HSBC Bank vs Synchrony Bank: Which Is Better?

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.

	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.

HSBC Bank Promotions

HSBC Advance checking accountHSBC Premier checking accountHSBC Direct Savings account

*See all HSBC Advance Checking offers here.

• Receive a $500 Welcome Deposit when you open your account by June 30, 2022 and complete qualifying activities • Free International account opening and portable credit history • No fees for Global Transfers between eligible HSBC accounts worldwide • Convert, hold and send money abroad with no transfer fees with our Global Money account • No foreign transaction fees using your Premier debit or credit card • No U.S. HSBC ATM fees worldwide Apply Now at HSBC Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

*See all HSBC Premier Checking offers here.

*See all HSBC Direct Savings offers here.

Compare to Other Banks

HSBC

• HSBC Bank vs Wells Fargo
• HSBC Bank vs Citibank
• HSBC Bank vs Capital One
• HSBC Bank vs Bank of America
• HSBC Bank vs Regions Bank
• HSBC Bank vs KeyBank
• Huntington Bank vs HSBC Bank

Synchrony Bank

• Synchrony Bank vs CIT Bank
• Synchrony Bank vs Ally 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 HSBC:

• How To Find and Use Your HSBC Login
• How To Open an HSBC Account
• HSBC Routing Number
• HSBC Review

More on Synchrony Bank:

• How To Use and Find Your Synchrony Bank Login
• Synchrony Routing Number

Chase Coupon Codes $100, $200, $300, $625, $1000, $2000 for June 2022

Huntington Bank Promotions: $100, $300, $400, $750 Checking Bonuses for June 2022

U.S. Bank Promotions: $100, $250, $300, $400, $500, $750 Checking, Business, Money Market Savings Bonuses (June 2022)

• 1
• 2
• 3
• …
• 9
• ›