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Earn a 0.15% APY

HSBC Direct Savings2

Reach your goals faster with an online savings account

Apply now for an HSBC Direct Savings account

Take advantage of one of the best savings rates with an online-only HSBC Direct Savings account.

HSBC Direct Savings

0.15% 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 one year

  • Account information for funding your new account

No hidden fees


Monthly maintenance fee


Minimum balance for account opening


Initial funding deposit must be New Money³

HSBC cares about your privacy.

View our privacy notice here.

Mobile check deposit

Deposit checks with your mobile device using the HSBC Mobile Banking App4

Online transfers

Move money quickly between your eligible HSBC accounts and access your funds using online transfers5


View, download, or print an electronic version of your statement with up to 7 years of extended access 

FDIC insured

The money in all your deposit accounts is FDIC-insured to the maximum permitted by law

Important Service Announcement

Updated December 1, 2021

Last year, we at HSBC Bank USA, N.A. ("HSBC" or "the Bank") set out on a journey to be able to better cater to our clients' needs globally and from a wealth management perspective. You may have seen a recent announcement from us about the next phase of this plan. As a result of this new focus for HSBC, we are streamlining parts of the Bank. This decision was not made lightly, but is necessary for us to best position the Bank for the future. As part of this, some of our branches, clients and employees will be transitioned to another financial institution in the coming months. 

What this means for you

If you are:

  • An existing HSBC customer who is opening a new deposit account and you have been notified that you’re being transitioned; or
  • An existing HSBC customer and you have been notified that you’re being transitioned and you are upgrading to Premier, Jade or the Private Bank; or 
  • A new HSBC customer who is opening a deposit account other than an HSBC Premier checking or savings account; or
  • An existing HSBC Retail Business Banking customer who is opening a new deposit account or applying for an increase to an existing line of credit, then*

    * Any HSBC account(s) opened or applied for today will be transitioned to a new financial institution in the near future.​ 
  • Additionally, any branch not listed in the FAQs on the HSBC Bank USA Wealth Center Locations list will be consolidated, closed or transitioned to a new financial institution in the near future. 
  • For details regarding the transaction's impact, if any, on new or existing insurance or investment accounts, contact an HSBC Securities (USA) Inc. Financial Consultant.


More details and FAQs can be found at

Bring the branch to you

  • 24/7 online and mobile banking
  • Live Chat assistance
  • Automated telephone banking

Why choose us?

As one of the world’s largest banking and financial services organizations, HSBC Group6 has been connecting Americans to global opportunities since 1865.

Our worldwide network covers

66 countries and regions

We serve more than

39 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.

HSBC named Best Savings Account for Young Adults by Money Under 30, a leading online site providing free personal finance assistance to young adults. The Awards provide readers with the best cross-industry suggestions for young adults looking to commit to better financial practices in 2019.

HSBC Direct Savings Account has been ranked by the Ascent as one of the best Savings Accounts for 2020

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.

Important information about opening a new account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person or entity that opens an account.

What this means for you: If you open a personal account, we will ask for your name, address, taxpayer identification number, date of birth, and other information that will allow us to identify you. Additionally, we will take certain steps to verify your identity, such as asking for your driver's license or other identifying documents or checking other sources. Similar identification requirements apply to non-personal accounts such as corporations and partnerships. Be assured that we recognize the importance of protecting your privacy and safeguarding the confidentiality of the information you provide to us.

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.

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: 0.15% APY on balances of less than $15,000, 0.15% APY $15,000 or more but less than $50,000, 0.15% APY $50,000 or more but less than $100,000 and 0.15% 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 HSBC Direct Savings is an “online only” product, which requires use of automated telephone banking, e-statements, and Personal Internet Banking. This is an HSBC consumer account and is not available as an HSBC business account.

3 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.

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: $4,000 daily and $10,000 over a 30-day period. HSBC Mobile Banking App is available for iPhone®, iPad®,  Android™ devices and must be downloaded from the App StoreSM or Google PlayTM.

5 Federal Reserve Regulation D Transaction Limitations apply

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

iPhone and iPad are trademarks of Apple Inc., registered in the U.S. and other countries/regions.

Android and Google Play are trademarks of Google LLC.

App Store is a service mark of Apple Inc.

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. 

* Investment, annuities, and variable life insurance products are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. In California, HSI conducts insurance business as HSBC Securities Insurance Services. License #: OE67746. HSI is an affiliate of HSBC Bank USA, N.A. Whole life, universal life, term life, and other types of insurance are offered by HSBC Insurance Agency (USA) Inc., a wholly owned subsidiary of HSBC Bank USA, N.A. Products and services may vary by state and are not available in all states. California license #: OD36843Investments, Annuity and Insurance Products:  Are not a deposit or other obligation of the bank or any of its affiliates; Not FDIC insured or insured by any federal government agency; Not guaranteed by the bank or any of its affiliates; and may lose value. All decisions regarding the tax implications of your investment(s) should be made in consultation with your independent tax advisor. 

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