HSBC Direct Online Savings Account Rates

Investors flock to liquid accounts like online savings accounts for a number of reasons, but one of them is stability and security for their money. HSBC Direct is the online arm of HSBC, which is the fourth largest bank in the world and is consistently one of the most profitable.

For this reason HSBC Direct is able to offer among the best interest rates for their online savings accounts. Their current interest rate is at 1.35%. While this may seem low considering the much high rates of the past few years, it is nearly impossible to find many rates that approach 2% in the past year or so. And if you do, there are likely to be a lot of restrictions on the account or a lot of fees involved. Given the current economic climate 1.35% is a very good rate for an online savings account and the other benefits you get are unbeatable.

One of the greatest benefits of an HSBC Direct online savings account is that there is no minimum balance requirement. This is rare for any savings account that accrues interest and even rarer for an online savings account. Add to this that there are absolutely no fees for this account and you have a true gem of an online savings account. You can transfer as much money as you like and not incur any fees or any fees no matter how often you use the ATM.

You can also link your HSBC Direct online savings account to any other accounts you have with HSBC Direct or the main branch of the bank. All of them will be available to you with Easy View. This allows you to have one login name and a single password to have access to your account. With this view you can view you accounts and manage them all online. This way your online savings account, loan, mortgage, and credit card will never get forgotten because they are all right there. These are just a few things that set the HSBC Direct online savings account rates apart from others in the industry.