HSBC Direct Savings1
Annual Percentage Yield
An online-only, high-yield savings account that outperforms the average interest rate on conventional savings accounts. APY of 1.85%4.
HSBC Direct Savings Account has been ranked as one of the best Savings Accounts for 2020 by The Ascent, a personal finance brand owned by The Motley Fool that rates and reviews essential products for everyday money matters.
Leave the branch behind - bank online
Get higher rates, lower fees, and the convenience of banking on your own time and from anywhere! HSBC Direct online-only accounts are FDIC insured and backed by the security and peace of mind of our worldwide network.
Earn more
Our online products consistently have some of our most competitive rates.
Bank flexibly
access all of your accounts in one place through your Personal Internet Banking.
Move money
Make Bank to Bank Transfers or use our Bill Pay service to quickly and easily move funds.7
Save safely
Your money is FDIC insured to the maximum permitted by law.
Tools to help you budget and save
Use our Money Management Tools8 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 toward 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 purposes.
- View a summary of your progress on each goal you've set for yourself.
Visit our interactive Financial Wellness Center for access to resources that help you navigate through the complexities of your finances.9
Privacy and Security
HSBC recognizes the importance of protecting your privacy and we take great care to safeguard the confidentiality of your personal information. Visit our HSBC Security & Fraud Center to learn more about how HSBC helps keep your information secure, and what you can do to ensure a safe online experience.
1 HSBC Direct Savings is an "online only" product, which requires use of automated telephone banking, eStatements, and Personal Internet Banking. This is an HSBC consumer account and is not available as an HSBC business account. 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.
2 HSBC Direct CD is an "online only" product, which requires use of automated telephone banking, eStatements, and Personal Internet Banking. This is an HSBC consumer account and is not available as an HSBC business account. See the HSBC Direct CDs Terms & Charges Disclosure for more information. HSBC Direct CDs can only be opened online.
3 HSBC Direct Checking is an "online only" product, which requires use of automated telephone banking, eStatements, and Personal Internet Banking. This is an HSBC consumer account and is not available as an HSBC business account. See the HSBC Direct Checking Terms & Charges Disclosure for more information. HSBC Direct Checking can only be opened online.
4 The Annual Percentage Yields (APYs) and balances for an HSBC Direct Savings account which are accurate as of {{currentDate}} are: 1.85% APY on balances of less than $15,000, 1.85% APY $15,000 or more but less than $50,000, 1.85% APY $50,000 or more but less than $100,000 and 1.85% 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.
5 The Annual Percentage Yields (APYs) for an online HSBC Direct CD, which are accurate as of {{currentDate}} and apply for the initial term only, are: 1.85% APY for a 6 month CD, 1.90% APY for a 12 month CD, and 1.90% APY for a 24 month CD. A penalty may be imposed for early withdrawal. Minimum balance to open and obtain APY is $1,000.
6 You may be charged additional fees by the ATM operator or network used including a fee by another HSBC entity operating ATMs outside the U.S. Foreign currency conversion rates may still apply.
7 Federal Reserve Reg D Transaction Limitations apply.
8 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.
9 HSBC offers the Modules for educational purposes only and they should not be considered professional or investment advice. While HSBC is pleased to offer the Modules as an educational service to our customers, HSBC does not guarantee, warrant or recommend the opinion or advice or the product and/or services offered or mentioned in these Modules. Any opinions, judgments, advice, statements, services, offers or other information presented within a Modules are those of a third party and not HSBC. For a comprehensive review of your personal finances, always consult with a tax or legal advisor. Neither HSBC, nor any of its representatives may give legal or tax advice.
United States persons are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts. U.S. persons should consult a tax adviser for more information.
Deposit products are offered in U.S. by HSBC Bank USA, N.A. Member FDIC.