HSBC Bank's Checking and Savings Offers
September 19, 2007
HSBC Bank, with U.S. operations based out of New York , New York, is offering a 5.05% savings account rate with no minimum balance and no minimum fees.
Accounts can be opened for as little as $1 online at HSBC Bank. For banking customers who do not plan to maintain a significant balance in their checking account, the HSBC Bank checking account may make sense because this full-service online checking account has great online functionality. In addition, HSBC Bank will pay a $75 bonus to new customers between now and September 30, 2007. Minimum deposit is $3,000. The interest rates paid on balances is below 1% which is why this account may be most appropriate for those with low average monthly balances. HSBC Bank only requires a $5 monthly minimum to avoid fees and earn their token interest rates.
