bank rates

HSBC Direct Bank Certificate of Deposit Rates

Investments are the best tool to increase and consolidate your savings. There is no better option than investing with banks. HSBC Direct Bank is committed to help you reach your Savings goal. In 2005 it reported $7 billion in its deposits. Its online savings products offer high yields like Online Savings Account, Online Payment Account and Online CD Account. On 9 July 2006, The Washington Post stated Banks are in hot competition for your savings… The top yields come from the online-only accounts offered by HSBCdirect.com…”

HSBC Direct Online Certificates of Deposit guarantee you great earnings in the ever fluctuating financial world. With a CD Account you can earn a competitive interest rate without any danger of suffering the market risks. Plus you can manage your account online.

Certificate of Deposit Rates:

6 Month CD:
With a minimum opening deposit of $5,000 you can earn an APY of 3.30%.

9 Month CD:
With a minimum opening deposit of $5,000 you can earn an APY of 3.40%.
*All the above quoted APYs are accurate as of 7/29/2008.

CD Account Features:
@ A penalty will be imposed for early withdrawal
@ Your funds are FDIC insured.
@ On CD maturity you can earn the then interest rate and APY for the same term without having to renew it.
@ You can instantly transfer your balance to other HSBC Direct accounts during the grace period.
@ Your online account is secured by the latest security technology methods.

In 2007, Money Magazine named HSBC Direct as “Best of Breed.” HSBC has 10,000 offices in 82 countries. It is the second largest financial company in the world and among the largest in the U.S.

Now you can easily get connected to one of the largest financial companies of the world. You can sign up here for a new account https://www.hsbcdirect.com/1/2/1/default/ocd-appinfo?code=MIW0000055.

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  1. drcurmudgeon said:
    on November 27th at 12:43 pm

    You may not get the advertised rate from HSBC. I opened a 6-month CD at HSBC based on an excellent advertised interest rate. Before I funded it I double-checked the rate. They decided to lower the rate substantially while the funds were being electronically transmitted, and they locked in my CD at a 3.1% APY instead of the advertised 4%. I would never do business with an organization like this again.

  2. lookingforbestcodrate said:
    on February 24th at 08:06 pm

    HSBC is a China (Hong Kong) based bank. No suprise that they twisted anytime.

  3. Jayschiffer said:
    on April 1st at 04:24 am

    BEWARE HSBC ONLINE CD’s!!!!!!Hsbc has an online form that you use to sign up for a choice of CD’s. You check off the length and the rate as part of the form. The funds I used were from an existing online account through them. Just to make sure the rate was secure even though the form listed it I call twice with various questions and was assured that the rate was what I checked off on the form. The next day I checked and they had given me a lower rate and could really care less. Two weaks later and three long phone conversation with a few people half way around the world and still no call back. What a joke and very decieving. My account is pretty darn big too. Cant believe it!!!!!!! Dont get involve. Even my online savings had some issues.

  4. Disgruntled said:
    on April 8th at 11:57 pm

    Beware of HSBC CD’s. Advertized rate was 2.25% for a 6 month CD and they lowered my rate to 1.98% while funds were being transferred – *SILENTLY*. They made mistakes in verifying my account… the delay was their fault. They never sent me an online ID.. again their fault. They DONT communicate by regular email (atleast nothing that is useful). The list goes on!!!!!

  5. vincent paone said:
    on May 31st at 03:24 pm

    i need to find cd int rates going back too jan.2000. can anyone tell me where??