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You can start and complete your application through HSBC’s site in about five minutes. To apply for this account:
Once verified, you’ll be sent a Personal Internet Banking username by email within two business days. Use the provided username to log into your account and make your first deposit.
To open a savings account with HSBC, you’ll need:
Have this key information ready before you apply for your HSBC savings account.
Access HSBC’s savings account online through its mobile app and take advantage of a number of benefits.
HSBC’s above-average APY and convenient online access are attractive perks, but this account doesn’t let you withdraw money from ATMs. Other downsides to keep in mind:
HSBC also offers its Premier Savings account, which offers a relationship APY if you meet one of several criteria during the month. For example, you can qualify for the relationship APY if you spend $500 on your debit card in one month. HSBC also offers certificates of deposit with competitive APYs, even on its shortest terms.
However, if you want a high-yield account with ATM access, you might go with Quontic Bank’s High Yield Savings account, which lets you earn its competitive APY on any balance. Or try Discover’s Online Savings if you’d like a familiar brand with 70,000+ network ATMs.
Choose the best account for you based on its features, fees and the interest you could earn. Then, choose Go to site to apply when you find the right match.
The HSBC Direct Savings account is an online-only savings account that limits access to your funds.
To deposit money into the account, you can use HSBC’s routing number: 021001088. Its SWIFT code is MRMDUS33. How to move money in and out of this account:
You can connect with HSBC’s customer service day or night by:
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.
HSBC Direct Savings is not currently available on Finder
Have you considered BrioDirect High-Yield Savings?
Keep track of your savings with online and mobile banking. No monthly fee.
Review by
Shannon Terrell is a lead writer and spokesperson at NerdWallet and a former editor at Finder, specializing in personal finance. Her writing and analysis on investing and banking has been featured in Bloomberg, Global News, Yahoo Finance, GoBankingRates and Black Enterprise. She holds a bachelor’s degree in communications and English literature from the University of Toronto Mississauga.
The HSBC Direct Savings account is best for those who bank online and use HSBC’s other banking products like its high-yield CDs or accounts with global ATM access.
This HSBC savings account offers a competitive 0.05% APY, no monthly fees and a low minimum opening deposit.
However, this particular HSBC account doesn’t let you use its ATMs. You can find online savings accounts with a higher APY, ATMs or debit cards for higher growth and access to your money.