HSBC Direct

P.O. Box 4045
NY 14240-4045

Deposit Rates APY Vs.Others
Savings 0.05% 6.25% →
1-Year CD N.A. 5.25% →
2-Year CD N.A. 4.75% →
3-Year CD N.A. 4.60% →
4-Year CD N.A. 4.65% →
5-Year CD N.A. 4.70% →

2023 Overview

General Online Bank Information

Money that you deposit is held by HSBC Bank USA, National Association. HSBC Bank USA, National Association is an FDIC insured institution founded in 2004. It has approximately $168.92 billion in assets.

Deposits FDIC Insured Yes
Insured Bank HSBC Bank USA, National Association
FDIC Certificate # 57890
Date Established 2004
Assets $168.92 billion
Loans $59.46 billion
Deposits $136.45 billion
Capital $17.69 billion

For a more detailed analysis of HSBC Bank USA, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - March 20, 2023

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
HSBC Direct Savings
0.05% $1 - Learn More


Bank Offers

HSBC Relaunches US Online Savings Accounts
Jul 10, 2018

HSBC, the major London-based conglomerate, has relaunched an online banking product in the US.   After recently being active in the US through the HSBC Advance moniker, they have opted to go back to HSBC Direct which they used in the early 2000s.   Their online savings rate is 1.70% (hint: you will find better online savings rates here).    You can learn more about HSBC here.

HSBC Drops Online Savings Rate from 1.60% to 1.30% APY
May 26, 2020

HSBC has dropped its onine savings rate to 1.30% APY.   The rate may not be available in all states.

Climate Initiatives

HSBC Direct is encouraged to provide us with this information. When we receive this information from the online bank, we will provide it here.

Customer Reviews for HSBC Direct

  • October 8, 2018

    Their promotional rate is just for a limited time and afterward their rate go down to close to 0.1% or so. For a consistently higher rate, look for more decent bank like CapitalOne360 or Discover.

  • August 18, 2018

    Online Savings Rates

    I opened an account here 2 weeks ago and then walked by a branch and saw that they are paying more there. I assumed the rate for online accounts had increased to the same, but it did not.

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