Available nationwide, HSBC Bank is offering competitive rates with a new Direct Savings Account. Continue reading below to learn everything you need to know about HSBC Bank. *Offer currently unavailable*
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About HSBC Bank Direct Savings
Being one of the largest financial institutions in the world, HSBC Bank has offices all across the globe as well as over 240 branches throughout the nation.
With the HSBC Direct Savings Account, you are able to earn one of the highest rates available! Additionally, you can instant access to features such as no monthly maintenance fee, and 24/7 online account access.
I’ll review HSBC Bank Direct Savings below.
Note: If you are interested in a new bank promotion, take a look at our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA or CIT Bank.
HSBC Direct Savings Rate
To earn the HSBC Direct Savings rate, all you would have to do is provide a minimum balance of $1, capping out at $2,000,000. Once you have done so, you will earn the current high APY Rate!
- Account Type: Direct Savings
- Interest Rate: 0.50% APY
- Minimum Balance: $1
- Maximum Balance: $2,000,000
- Availability: Nationwide (Online Only)
- Expiration Date: None
- Credit Inquiry: Soft Pull
- ChexSystems: Yes
- Opening Deposit: None
- Credit Card Funding: None
- Monthly Fee: None
- Early Termination Fee: None
HSBC Bank ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | 3-5 Business Days | $350,000 | $2,000,000 | No maximum for accounts linked |
| Pull | 3-5 Business Days | $350,000 | $2,000,000 | No maximum for accounts linked |
Editor’s Note: Please note you can’t have more than $1,050,000 pending at any time.
How to Earn HSBC Bank Rate
- Open a Direct Savings Account from HSBC Bank.
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Your current bank account and routing number to fund your new account electronically
- Meet the requirements to complete a Form W9 Tax Certification
- Maintain a balance of at least $1, to earn the current APY rate.
| Balance Requirement | APY Rate |
| $1 to $2,000,000 | 0.50% APY |
*Deposit products offered in U.S. by HSBC Bank USA, N.A. Member FDIC
Why You Should Sign Up For This Account
- Mobile check deposit
- Online transfer
- eStatements
- FDIC Insured
- Earn 0.50% APY on any balance
HSBC Checking Options
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Bottom Line
Don’t hesitate to take advantage of this competitive APY rate offered by HSBC Bank! The account has a great rate on your account balances over $1 and it does not have any monthly fee to worry about.
With HSBC Direct Savings, you can easily reach all of your financial goals faster by earning interest at a high rate than a traditional savings account! Let us know about your experience with this bank and comment below.
Definitely check back often to see the latest info on HSBC Direct Savings Account.
Disclaimer: Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. The information, including rates and fees, presented in the review is accurate as of the date of the review. Please refer to issuer website and application for the most current information. We may be paid for the content on this site.
HSBC Direct Savings Rate