Compound Interest Calculator
Savings Account from HSBC Bank USA, National Association with 0.01% APY and $1 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from HSBC Bank USA, National Association with 0.01% APY and $1 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $20,020. The interest earned would be $20 and the tax amount on the interest earned would be approximately $6.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for HSBC Bank USA, National Association

Savings Boost of
$-297 over 10 years
Cash Savings $20,000
Average Interest Earned $311

 
HSBC Bank USA, National Association Interest Earned $14

 

 

See comparison detail table

This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.

Comparison Detail Table Close X

Average Rate Scenario

Rate:
0.22%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 44 31
2 20,044 44 31
3 20,088 44 31
4 20,132 44 31
5 20,177 44 31
6 20,221 44 31
7 20,265 45 31
8 20,310 45 31
9 20,355 45 31
10 20,400 45 31
TOTAL: $444 $311

HSBC Bank USA, National Association Scenario

Rate:
0.01%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 2 1
2 20,002 2 1
3 20,004 2 1
4 20,006 2 1
5 20,008 2 1
6 20,010 2 1
7 20,012 2 1
8 20,014 2 1
9 20,016 2 1
10 20,018 2 1
TOTAL: $20 $14

Take Action

The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.


Recent Rate Changes



Date APY
August 20, 2023 0.01%


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Customer Reviews for HSBC Bank USA, National Association


  • April 14, 2020

    CDs 12 Month Rates

    I call HSBC they told me they don't have 1.85 1 year CD. current CD is 0.8 / year

  • June 18, 2015

    What is minimum deposit?

  • May 18, 2015

    Need to have at least $100,000 with bank to get the 1.50%
    $


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