HSBC CD Rates
HSBC Direct is one of the largest banks in the world and it offers a complete range of banking services. OF course, our readers will be interested in HSBC CD rates and current certificate of deposit information. We at HighCDratesInfo.com are working hard to bring you the latest information.
HSBC Direct has several options to consider, with Internet-only deals being the best. All of the HSBC CD accounts require a $1,000 minimum deposit to open with HSBC Direct. Annual percentage rates (APY) are scaled by term length, with certificate of deposit terms rangings from 3 months to 2 years.
Right now, the best deal offered for HSBC CD rates is the “1 year plus 1 day” HSBC CD which yields a 2.00% APY. That’s a full three quarter point higher than their highest-yield, 2 year certificate of deposit. That deal won’t last long, so if it’s for you, you’ll want to act fast.
Current HSBC CD rates are otherwise scaled from 3 months (0.50% APY) to 2 years (1.25% APY). No other HSBC Direct accounts are required for locking in these deposits and, in fact, to get the special HSBC CD rate for the “1 year plus 1 day,” new money that isn’t already deposited with HSBC Direct somewhere is required. It appears that, like most banks right now, HSBC Direct is hoping to bring in some new cash to bolster their bottom line.
As always, these rates changes quickly, so if you’re interested in any of the HSBC CD rates available, you’ll want to act quickly and check the HSBC Direct website for current rates. HSBC is FDIC insured to the fullest extent of the law.