A smarter way to save

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

HSBC Direct Savings

2.30% 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
$0
Monthly maintenance fee
$1

Minimum balance for account opening

 

Initial funding deposit must be New Money³

HSBC cares about your privacy.

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

eStatements

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

Bring the branch to you

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

Tools to help you budget and save

Use Our Money Management Tools 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 account
  • Create custom goals to save for specific objectives
  • View a summary of your progress on each individual goal you've set for yourself

 

Why choose us?

As one of the world’s largest banking and financial services organizations, HSBC Group7 has been connecting Americans to global opportunities since 1865.

Our worldwide network covers

66 countries and territories

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.

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 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: 2.30% APY on balances of less than $15,000, 2.30% APY $15,000 or more but less than $50,000, 2.30% APY $50,000 or more but less than $100,000 and 2.30% 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: $3,000 daily and $5,000 monthly.  HSBC Mobile Banking App is available for iPhone®, iPad®,  Android™ devices and must be downloaded from the App StoreSM or Google PlayTM.

5

6 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.

7 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.

Android and Google Play are trademarks of Google Inc.

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. 

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