HSBC Direct Savings

2.22% APY1

In order to apply online, you will need:
  • You must be 18 years of age and have a Social Security Number
  • Current U.S. residential address and a U.S. residential address for the past three years
  • Valid U.S. ID (driver’s license, non-driver identification card, learner permit), passport or Permanent Residential Card/Green Card
  • Account information for funding your new account
No hidden fees
Monthly maintenance fee
Minimum balance for account opening

Initial funding deposit must be New Money2


HSBC cares about your privacy.

View our privacy notice here.

Why choose us?

As one of the world’s largest banking and financial services organizations, HSBC Group3 has been connecting Americans to global opportunities since 1865.

Our worldwide network covers

67 countries and territories

We serve more than

38 million customers worldwide

We work with you from cities including

New York, Los Angeles, Chicago, Atlanta, Houston, Seattle, Miami, San Francisco, and Washington D.C.

What's in it for you

Tools to help you budget and save

Use Our Money Management Tools5 to organize your finances, set up savings goals, and stick to your budget.

  • Compare your average monthly income and average monthly spending to identify your progress towards achieving financial goals
  • Set email alerts to stay on top of your bills, avoid low balances and late fees, and get notified about potential suspicious activity in your accounts
  • Create custom goals to save for specific objectives
  • View a summary of your progress on each individual goal you've set for yourself


See the HSBC Direct Savings Terms & Charges Disclosure for more information. HSBC Direct Savings can only be opened online. ATM/Debit card is not available for this product.

1 The Annual Percentage Yields (APYs) and balances for an HSBC Direct Savings account which are accurate as of {{currentDate}} are: 2.22% APY on balances of less than $15,000, 2.22% APY $15,000 or more but less than $50,000, 2.22% APY $50,000 or more but less than $100,000 and 2.22% APY $100,000 or more. APYs are variable and subject to change after opening. Charges and fees may reduce earnings. Account is not available to business customers.

2 New Money is defined as deposits and investments not previously held by any member of the HSBC Group in the U.S. The Bank reserves the right, with notice, to transfer to any other deposit account that you have with HSBC Bank USA, N.A., any initial funding deposit that does not meet the definition of New Money.  The Bank, in its sole discretion, also reserves the right to return such amounts to you in an official cashier’s check.

3 The HSBC Group operates through a network of affiliates and subsidiaries around the world.

4 Data rate charges from your service provider may apply.  HSBC Bank USA, N.A. is not responsible for these charges.  Camera-in device required to be able to utilize HSBC Mobile Check Deposit. Deposit amount limits: $3,000 daily and $5,000 monthly.  HSBC Mobile Banking App is available for iPhone®, iPad® and Android, Fire and BlackBerry devices.

5 This tool is a personal financial management service that allows customers to consolidate and manage their financial information by consolidating it in one place on Personal Internet Banking.

Deposit products offered in U.S. by HSBC Bank USA, N.A. Member FDIC.