2. HSBC

HSBC

Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
0.90%1-year CD
2.75% - Barclays 12 Month Online CDAdvertisement
0.01%Savings
0.27% - National Average
1.25%2-year CD
1.68% - National Average
View all HSBC rates »

Overview / Commentary
www.us.hsbc.com
800-975-4722
1800 Tysons Blvd
Tysons, VA 22102

HSBC is headquartered in Tysons and is the 2nd largest bank in the state of Virginia. It is also the 15th largest bank in the nation. It was established in 2004 and as of December of 2018, it had grown to 4,707 employees at 229 locations. HSBC has an A health rating.

Related Posts

HSBC Brokered CD, 4.00%, 13 Years - 10/1/2018

I got an e-mail from TD Ameritrade about this new issue CD. It is also available from Merrill and I assume many other brokers. This is a 13 year, callable CD @ 4.00%. Non-callable for the first year. Callable, in whole only, quarterly thereafter. Link to TD Ameritrade page: http://mail.tdameritrade.com/H/2/v4000001662fb91662a8848ff4bbe5be50/e3381248-d9f5-4acb-a6a2-a949971cfaf6/HTML

Business Elite Savings Account: 2.01%, $10,000 New Money - 5/10/2018

Offer is only available for Retail Business Banking customers. (New Money) The promotional interest rate applicable to your Business Elite Savings Account is 2.01% until December 31, 2018 for accounts opened between May 7, 2018 and August 31, 2018. As of January 1, 2019, the interest rate will adjust to the standard rate applicable to the Commercial Savings Account product. There is a $10,000 minimum balance required to obtain the promotional interest rate. A 0.175% interest rate applies to balances less than $10,000.

View all posts from:

12/19/15 - 0.75% Interest Boost For Premier Savings After Promotional Premier Ends
10/20/15 - Callable Step-Up CD
9/29/15 - HSBC Has Limited Time Advance Customer $350 Bonus
5/15/15 - HSBC Has High APY on Promotional Advance Savings - Limited Time Offer
5/13/15 - 1.5% Savings Account - Rate Good Through 1/19/16
11/7/14 - HSBC Promotes Advance Checking with $300 Bonus
2/13/14 - HSBC To Provide Free Security Device For Safer Online Banking
1/26/14 - HSBC Imposes Restrictions On Large UK Cash Withdrawals
8/6/13 - HSBC In UK Says Embassies And Vatican, You Have 60 Days To Find A New Bank
1/4/13 - Another Rate Drop At HSBC
12/10/12 - HSBC Rates Down Again
11/5/12 - HSBC Fears U.S. Money Laundering Fines To Top $1.5 Billion
8/21/12 - HSBC To Charge $12 Per Incoming External Xfer
7/31/12 - Rate Drop At HSBC
1/25/12 - Senate Is Investigating HSBC Bank For Money Laundering
8/4/11 - Special Offer From HSBC
8/2/11 - HSBC Branch Sale: The Known And The Unknown
7/31/11 - HSBC Bank USA Selling 195 Branches To First Niagara Bank
6/17/11 - HSBC To Sell Upstate New York Branches
4/17/11 - $25 Bonus In Savings Account... Current Savers Only
11/30/10 - HSBC Rate Drop
9/28/10 - HSBC Premier Promo Bonus
6/8/10 - HSBC Premier Promotion: Free Amazon Kindle
9/23/09 - HSBC Direct's Rate Promotion Extension and HSBC Bonus Update
9/11/09 - HSBC Direct Online Payment Account $50 Bonus
8/1/09 - HSBC Direct's Online CDs - Competitive Rates with Some Nice Features
3/3/09 - Checking Account Bonus and Latest News at HSBC
1/21/09 - $150 Gift Checking Account Bonus at HSBC Bank
12/16/08 - $100 Checking Account Bonus at HSBC Bank
11/27/08 - 4.00% 6-Month Online CD at HSBC Direct
10/3/08 - HSBC Direct's New 6.00% Savings Account Promo
6/3/08 - Update on HSBC Online Savings Account Promo and a New Checking Account Bonus
6/2/08 - HSBC Direct's New Savings Account Promo - 3.50% Guaranteed to 8/15/08
4/22/08 - Update on HSBC Checking and Savings Account Bonuses
4/22/08 - HSBC Checking and Savings Account Bonuses
12/21/07 - HSBC Direct Lowers Savings Account Rates - Offers More CDs
12/3/07 - $25 Bonus for Paying Bills Using HSBC's Online Payment Account
9/26/07 - $75 Bonus for HSBC Interest Checking Account - Online Savings Account Yield Falls to 4.50%
8/26/07 - $75 Bonus for HSBC Interest Checking Account - Update
6/4/07 - Details About HSBC Direct's Online Payment Account
5/29/07 - HSBC Direct's New Online Payment Account
5/25/07 - HSBC Direct's Next Offer?
4/28/07 - $50 Sign-Up Bonus for HSBC Premium Money Market Plus Savings Account
2/25/07 - $75 Bonus for HSBC Interest Checking Account
2/9/07 - Problems at HSBC's US Operations
1/28/07 - HSBC's 6% Savings Account Promo Update and $25 Checking Account Bonus
1/16/07 - HSBC's New Website - Not Much Change for Current Customers
10/27/06 - Another $25 Bonus at HSBC for Using Bill Pay
8/19/06 - 6.50% 12-Month CD at a HSBC New York Branch.
8/19/06 - HSBC Smart Package Signup Bonus - Valued at $179
7/17/06 - $25 Bonus for Using HSBC Bill Pay
6/30/06 - HSBC Direct Raises Savings Account to 5.05%
6/20/06 - HSBC Direct Online Savings Now 4.80%
6/10/06 - HSBC Signup Bonuses - Online Savings Account and Checking Account
5/18/06 - It's Official. HSBC Online Savings Account Now at 4.65%
5/17/06 - HSBC Direct's Online Savings Being Raised to 4.65%
5/3/06 - $25 HSBC Checking Account Bill Pay Deal
3/26/06 - $50 HSBC Smart Checking Package Bonus Update
3/17/06 - HSBC Savings and Checking Account Bonus Updates
2/21/06 - New and Extended HSBC Checking Account Bonuses
2/1/06 - Official Details on HSBC's 4.80% Savings Account
1/30/06 - HSBC Direct Raises Savings to 4.80%
1/29/06 - Will HSBC's Savings Reach 4.50% This Week?
1/22/06 - HSBC Smart Checking Package $50 Bonus
1/5/06 - Timing Your HSBC External Transfers
12/29/05 - HSBC Direct Signup Bonus Received
12/20/05 - Opening an HSBC Online Savings Account
12/15/05 - HSBC Raises Savings to 4.25%
11/30/05 - HSBC's New $25 Signup Bonus
11/4/05 - HSBC Online Savings Rate Now 4.0%
10/8/05 - HSBC's New Signup Bonus
9/20/05 - More Talk About HSBC's OnlineSavings Bonus
9/6/05 - HSBC Signup Bonuses?
9/1/05 - HSBC Raises Its Savings Account Rate
8/26/05 - The Deal at HSBC Bank

Reviews (32)

Loyal Customer

Posted by: BR | Feb 12, 2015

I have been a loyal customer at this bank for over 12 years and happy with the services they provided. There was an issue with fraud with my bank card. A person had stolen my bank number and used it to make several purchases. The purchases added to well over $500. I was on the phone with customer to resolve the issue, which took no more than 10 minutes. The customer service representative understood the situation and had no problems crediting me the entire amount that was illegally charged. The representative understood the situation and had no problems resolving the issue. He had asked the right questions to assess the situation and appeared to be just as concern as I was. He made me feel that he actually cared about the situation and made sure the issue was resolved. He exhibited so signs of impatience or negativity. I did not feel like I had to jump through several hurdles to resolve the issue. I felt that he went above and beyond than what he was required to do to help me feel safe banking with HSBC. From the experience with the representative, I would not hesitate ever to call customer service with any questions or issues. Within a week, a new bank card was provided to me and had no problems since. Thank you so much HSBC!

3

HSBC Online Savings account works like it should.

Posted by: randellmccoy1 | Feb 13, 2018

I use HSBC for an online savings account. I primarily chose HSBC because they were paying a higher interest rate than my local bank was. I have used the account to hold money for other purchases I may or may not have during the year when I need quick access to money. I have not had very many problems with deposits, though most of my deposits are just transfers from one bank to another and these are initiated entirely online. I have only had to contact customer service once when a deposit did not show up as scheduled, and the email system they have in place worked fine to get this corrected in a day or two. I would recommend this bank to anyone looking for a no frills online savings account.

2

Worst Checking Account Offer You'll Find?

Posted by: jholsombeck | Sep 9, 2015

Listen to their "Premier" checking account features: $0 OD fee, $0 NSF fee, $0 ATM fee, $0 Wire Transfer Fees, Unlimited ATM reimbursements... Sounds good, right? Nope. There is a $50 monthly maintenance fee that can only be avoided by maintaining a $100,000 balance at the bank. I hate that banks throw around terms like "Premier" and offer great features but have HUGE "gotchas" in the fine print. No thanks. I think I'll stick with Ally.

7

Very Slooowwww Bank

Posted by: haz_dazzler009 | Dec 27, 2018

Very slow bank. It's been more than 15 days and they have not yet opened my account. The application process in itself has 2-3 stages, which is very inconvenient. The first stage has to do with your information, second stage with ACH transfer from another bank, third stage related to submitting supporting documents. So, keep looking at those emails, really?

Frustrated, I called them today. It took me 35+ mins to get hold of their telephone operator who said things that did not match what their email told me. So, I cancelled my application. Good riddance!

4
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Health
A

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #57890
Year Established2004
Employees4707
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD2.22%
Annual Interest Income$4.60B
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$169.8B$180.4B
LoansQ4 2018vs Q4 2017$66.65B$65.79B
DepositsQ4 2018vs Q4 2017$126.3B$133.1B
Equity CapitalQ4 2018vs Q4 2017$23.71B$23.26B
Loan Loss AllowanceQ4 2018vs Q4 2017$540.7MM$680.6MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$552.1MM$1.12B
Real Estate OwnedQ4 2018vs Q4 2017$12.0MM$10.7MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not HSBC; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

HSBC Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$100k*-Telephone HSBC Premier Savings
OTHER TIERS: 0.01% → Up to $25k | 0.10% → $25k - $100k
0.15%*$100k*-Online HSBC Premier Savings
OTHER TIERS: 0.01% → Up to $25k | 0.10% → $25k - $100k
0.15%*$100k*-Branch HSBC Premier Savings
OTHER TIERS: 0.01% → Up to $25k | 0.10% → $25k - $100k
0.05%*$15k*-Online HSBC Advance Savings
OTHER TIERS: 0.01% → Up to $15k
0.05%*$15k*-Telephone HSBC Advance Savings
OTHER TIERS: 0.01% → Up to $15k
0.05%*$15k*-Branch HSBC Advance Savings
OTHER TIERS: 0.01% → Up to $15k
0.01%$1-Online HSBC Everyday Savings
0.01%$1-Telephone HSBC Everyday Savings
0.01%$1-Branch HSBC Everyday Savings

HSBC Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$5-Online HSBC Premier Checking
0.01%$5-Online HSBC Advance Checking
0.01%$5-Telephone HSBC Premier Checking
0.01%$5-Telephone HSBC Advance Checking
0.01%$5-Branch HSBC Advance Checking
0.01%$5-Branch HSBC Premier Checking

HSBC CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%$1k-24 Month Online CD
1.25%$1k-24 Month Branch CD
1.25%$1k-24 Month Telephone CD
0.95%$1k-12 Month Online CD
0.90%$1k-12 Month Branch CD
0.90%$1k-12 Month Telephone CD
0.75%$1k-6 Month Online CD
0.70%$1k-6 Month Branch CD
0.70%$1k-6 Month Telephone CD
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.