Are you one of those people who love the idea of putting money away to make sure you have it if you need it down the road, but never really gets around to it? Say you have a checking account at Bank A and a high-yield savings account (a savings account with a higher interest rate than standard savings accounts) at Bank B. HSBC Bank (Member FDIC) has an online-only savings account with no monthly service or excess transaction fees, and you only need $1 to open an account. Online account opening, no monthly service charge, manage account online Neither company charges monthly fees, and neither imposes a fee for exceeding six transactions per month. The SFGI Direct Savings Account has no monthly fee and no minimum-balance fee. Reach your goals faster with an online savings account, 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 two 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, HSBC Direct Savings Terms & Charges Disclosure, Federal Reserve Regulation D Transaction Limitations apply, Personal Internet Banking and Mobile Banking, Careers, media, investor and corporate information. If you have $1, you can open an HSBC Direct Savings account. The first direct Fixed Rate Savings Account offers a guaranteed rate on lump sum balances over a 12 month fixed term. googletag.defineSlot('/1035677/Business_Insider_AMP_', [[300, 139], [1, 1], [300, 360], [300, 475], [595, 139], [595, 360], [595, 475], [300, 250], [595, 250]], 'div-gpt-ad-1602088621612-0').addService(googletag.pubads()); HSBC Direct does not charge a monthly service fee, and you won't pay an excess transaction fee if you exceed the federal limit of six transactions per month. The additional variable rate currently % p.a. If you don't care about banking through an app but do want a combination of digital and in-person banking, then your choice may come down to which bank has a branch closer to your home. If your employer allows you to split your direct deposit between these two banks, you don’t have to manually transfer money into your high-yield savings account—you can just sit back and watch your savings add up. Specialising in Home Improvements, supplying & installing loft, cavity, Underfloor & Room in Roof insulation. 2 HSBC Direct Savings is an “online only” product, which requires use of automated telephone banking, e-statements, and Personal Internet Banking. The HSBC Direct Savings Account interest rate is higher than the national average, but you can still find a higher APY at other online banks. When visiting FNBO Direct for the first time, you will choose between two options. 2020. Summit Financial Group, Inc., the owner of Summit Community Bank, is a financial holding company which provides community banking and insurance services. The HSBC Direct Savings Account only requires $1 to get started, and you won't pay a monthly maintenance fee or a fee if you surpass the federal limit of six transactions per month. A Direct Savings account is all you need to get going. You'll also like Ally if your main priority is a high APY. HSBC Direct may be a good fit if you plan on doing most of your banking on your computer — but if you want to bank with an app, then you probably want to shop around. The Awards provide readers with the best cross-industry suggestions for young adults looking to commit to better financial practices in 2019. The pre-2020 low for this account is 0.86% in 2013. 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. HSBC Direct Savings is an online-only account, but HSBC has over 200 branches nationwide, so the bank could be a good fit if you want the option to speak with a banker face-to-face. Initial deposit: $500 Monthly contribution: $100 Year 1 – 1,707.35 Year 2 – 2,923.14 Year 3 – 4,147.45 Year 4 – 5,380.33 SFGI has a long history of keeping its rates competitive. HSBC has over 200 branches in nine states and Washington DC. This means the HSBC Direct Savings Account is only available online — but if you live near a branch and want to talk with a banker face-to-face, you have that option. APYs are variable and subject to change after opening. Comenity Direct offers high-yield savings accounts and certificates of deposit at highly competitive rates. Available Nationwide, EBSB Direct is offering you a 2.37% APY Rate on your funds when you open a Savings Account. Savings accounts can come with several fees, such as monthly account-keeping fees, transaction fees, withdrawal fees and more. In general, you should set up your direct deposit to go into your checking account. Instead, HSBC Direct will issue you warnings when you go over the limit, and if you continue to do so, the bank will close your savings account. With a high-yield savings account from Fidelity Bank Direct, an initial deposit of $500 and contributions of just $100 a month, that goal is within reach. Neither company charges monthly fees. Some of the offers on this site are from companies who are advertising clients of Personal Finance Insider (for a full list. Our high-yield savings account is the best way to grow your online savings. We do not give investment advice or encourage you to adopt a certain investment strategy. Some savings accounts, like the HSBC Direct Savings Account, give you free money management tools. You need a minimum balance of $1 to … HSBC Direct Savings Account has been ranked as one of the best Savings Accounts for 2020 by The Ascent, a personal finance brand owned by The Motley Fool that rates and reviews essential products for everyday money matters. Transaction accounts Designed to give you freedom to use your money the way you want, any time. “ Direct Savings and Loans came to my aid when I needed them most in 2012. Experience simplified transactions and elevated customer care. Deposit amount limits: $4,000 daily and $10,000 over a 30-day period. A FNBO Direct Online Savings Account has no monthly fees or minimum balance requirements, you can even open an account with as little as $1 Stories, strategies, and tips for better personal finance. Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. A Comenity Direct High-Yield Savings Account gives you the best of both worlds: highly competitive rates and access to your funds any time you need them. Savings accounts aren’t meant to function like checking accounts. Camera-in device required to be able to utilize HSBC Mobile Check Deposit. Final Verdict: Should You Open an SFGI Direct Savings Account Account? Visit our HSBC Security & Fraud Center to learn more about how HSBC helps keep your information secure, and what you can do to ensure a safe online experience. Every member receives a 0.30% APY, regardless of your account balance. Member FDIC. Their terms are flexible and … If you have a question, it's easy to get in touch with HSBC Direct. You can still find higher rates at other online banks, though. Sign up for Personal Finance. With a high-yield savings account from Fidelity Bank Direct, an initial deposit of $500 and contributions of just $100 a month, that goal is within reach. For over 30 years, Comenity has been a trusted partner, helping people get more for their money. See the HSBC Direct Savings Terms & Charges Disclosure for more information. As one of the world’s largest banking and financial services organizations, HSBC Group6 has been connecting Americans to global opportunities since 1865. All Rights Reserved. For example, if you had £20,000 and you needed £5,000 of it in two months' time, you could stick £5,000 in the top easy-access account, and then put the rest into a one-year fix. The HSBC Direct mobile app has received 2.7 out of 5 stars on the Google Play store with over 78,000 votes, and 1.4 stars on the Apple store with over 2,000 votes. The rate is one of the highest we’ve seen compared to other banks and credit unions. Regular savings accounts are for savers who can put away a set amount each month - but they usually have set requirements if you want to make the most of … Not only does this account have a high APY, but it also offers mobile check deposit and live chat with customer service. ET, None, will close account if you exceed limit too often. Yes, there are physical HSBC branch locations — but the HSBC Direct Savings Account is only available online. In the reviews, customers say the app is difficult to navigate and designed poorly. Start saving today! 1 HSBC Direct Savings is an "online only" product, which requires use of automated telephone banking, eStatements, and Personal Internet Banking.This is an HSBC consumer account and is not available as an HSBC business account. Should you open an HSBC Direct Savings Account? Subscriber If you live in an area with branch locations, you get the best of both worlds. About SFGI Direct SFGI Direct is an online division of Summit Community Bank where you can bank safely and easily with competitive rates on a savings account. Savings Maximiser. The HSBC Direct Savings Account may be an online-only account, but you still have access to funds in HSBC's brick-and-mortar bank accounts. ET, or call 24/7 for automated bill pay. Funds from the sale are deposited directly into your Dollar Savings Direct savings account. The bank's mobile app is poorly reviewed, so if you plan to bank with your phone regularly, then you may want to open a savings account with another institution. With no hidden fees & $0 monthly maintenance fee, all it takes is $1 to get started! Important information about opening a new account Some banks pay higher rates for bigger account balances, but HSBC pays 0.30% APY on all account balances, so you don't have to keep a high balance to get the best rate. The SFGI Direct Savings Account has a competitive APY that’s similar to what other online banks offer. See the HSBC Direct Savings Terms & Charges Disclosure for more information. FiscalData.treasury.gov is our brand-new site featuring federal financial data in machine-readable formats. The HSBC Direct Savings account is an online account, which means you won’t be able to access your funds from an ATM. Whether you’re saving for something big or small, we’ve a range of savings accounts, cash ISAs and investment options that could be right for you. HSBC Direct Savings and Ally High Yield Savings are both known for low costs and competitive rates. Find out more and apply online. Its mobile app has much better ratings, and it has features like mobile check deposit and an ATM locator. save from £1 with no maximum limit. Dollar Savings Direct is a division of Emigrant Bank, a privately held bank founded in 1850 by Irish immigrants and has $6 billion in assets as of 2020. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This is an HSBC consumer account and is not available as an HSBC business account. Like other online bank accounts, the FNBO Direct Online Savings Account has no monthly maintenance fee. That's a nice change from brick-and-mortar banks, which may charge a $5 to $10 monthly maintenance fee. Be assured that we recognize the importance of protecting your privacy and safeguarding the confidentiality of the information you provide to us. But if you're looking for a combination of online and brick-and-mortar banking and don't live near a branch, the limited availability will be a problem. Checking your balance or transferring funds only takes seconds with Internet Banking or the ABN AMRO app. Initial funding deposit must be New Money³, Deposit checks with your mobile device using the HSBC Mobile Banking App4, Move money quickly between your eligible HSBC accounts and access your funds using online transfers5, View, download, or print an electronic version of your statement with up to 7 years of extended access, The money in all your deposit accounts is FDIC-insured to the maximum permitted by law. What you decide to do with your money is up to you. Investment accounts A range of investment accounts to help you make the most of your money. Android and Google Play are trademarks of Google LLC. *eOne Savings earns 0.61% APY (Annual Percentage Yield) on daily balances of $0.01-$1,000,000. Their terms are flexible and … We occasionally highlight financial products and services that can help you make smarter decisions with your money. Others might give you discounts, rewards of meeting savings … These limitations shouldn't be a problem if you just want to bank online. How SFGI Direct’s savings account compares. The sooner you do, the sooner you can start maximizing your savings and every moment they make possible. Minimum deposit to open an account is $1.00. Key account features include: 0.65% APY, as of November 9, 2020 If we’re only talking about rates, then you can’t go wrong with SFGI Direct’s savings account. By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider Online account opening, no monthly service charge, manage account online Our Savings Account lets you save anything from £1 to infinity and gives you an interest rate of 0.01% AER/Gross. Manage your money, and maximise your interest with our savings accounts. But unlike HSBC, Ally doesn't have any physical branch locations. Paying bills from your savings account would be detrimental to your savings goals, so most banks don’t allow you to write checks, use a debit card or pay bills from your savings account. Opening my account at FNBO Direct. Typically, Regulation D sets limits on how certain types of bank accounts can be used. SFGI Direct is the online banking division of Summit Community Bank, based in Moorefield, West Virginia. It doesn't charge any monthly fees, no matter what. HSBC is not closing savings accounts in response to excessive transactions during this time. Competitive rate; $5,000 minimum deposit; 24/7 account access and customer support; FDIC insured; Save on. Get a great rate & watch your money grow with an online savings account from SFGI Direct. Charges and fees may reduce earnings. Initial deposit: $500 Monthly contribution: $100 Year 1 – 1,707.35 Year 2 – 2,923.14 Year 3 – 4,147.45 Year 4 – 5,380.33 4 Data rate charges from your service provider may apply. This post was reviewed and updated November 23, 2020. window.googletag = window.googletag || {cmd: []}; Minimum deposit to open an account is $1.00. Experience simplified transactions and elevated customer care. Savings accounts Make extra deposits and be rewarded with generous returns. Some banks charge monthly service fees. For over 30 years, Comenity has been a trusted partner, helping people get more for their money. With a $100 minimum deposit, you can currently earn a high 0.60% annual percentage yield. If you want a high-yield account with ATM access, you’ll want to keep looking. Deposit products offered in the U.S. by HSBC Bank USA, N.A. If you like to bank on your phone, then you'll probably prefer Ally. Account is not available to business customers. We operate independently from our advertising sales team. 12 month fee-free arranged overdraft available. HSBC Direct Savings Account has been ranked as one of the best Savings Accounts for 2020 by The Ascent, a personal finance brand owned by The Motley Fool that rates and reviews essential products for everyday money matters. You don't need an initial deposit to open a Capital One 360 Performance Savings Account, and HSBC Direct Savings only requires $1. You can also view any accounts you have through HSBC brick-and-mortar branches in your app. Any fees associated with the sale will be deducted from the proceeds of your sale. To open an HSBC Direct Savings Account, you only need an opening deposit of $1. A common goal is having a month’s take-home pay in savings. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 5 Federal Reserve Regulation D Transaction Limitations apply. ET, 24/7 live chat; call 8 a.m. to 11 p.m. Comenity Direct High-Yield Savings Account Overview. The SFGI Direct savings account is a basic account and is great for those who want to stash their money for emergencies or as part of their short-term savings goal. Below is all the information you need to earn a 2.37% APY Rate on your funds up to $1 Million when you open a Savings account.. † Make up to 6 withdrawals a month, and open an account in just minutes. Open an account online in just 2 minutes and start using it right away. The current interest rate is 0.00%. Individual HSBC Direct accounts are FDIC insured for up to $250,000, and joint accounts are insured for up to $500,000. You can also speak to a live agent on the phone seven days a week, between 7:00 a.m. and 12:00 a.m. HSBC Direct is the online alternative to HSBC brick-and-mortar locations. Fees may reduce earnings. I'm sorry to report that SFGI Direct has followed many of the online banks by cutting its online savings account rate. is not responsible for these charges. If you're already using ABN AMRO Internet Banking, you can easily open a Direct Savings account online. You may be able to get out of paying if you maintain a minimum account balance or set up a direct deposit — but HSBC Direct doesn't make you jump through hoops. Other banks apply one single APY to all savings balances. Deposits at Summit and SFGI Direct are covered by the FDIC as you would expect for any legitimate bank in the United States. googletag.cmd.push(function() { Account active Leave the branch behind - bank online Today, I have a booming Catering business with many workers and several cars. HSBC Direct Savings is an online-only account, but HSBC has over 200 branches nationwide, so the bank could be a good fit if you want the option to … The rate is now 0.67% (down from 0.81%). That's a good thing if you're looking for online banking with minimal fees. Comenity Direct offers high-yield savings accounts and certificates of deposit at highly competitive rates. 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. Real Estate as A Direct Savings Account Plan. Want a mixture of online and in-person banking and live near a brick-and-mortar location, Want a mixture of online and in-person banking but don't live near a physical branch, Deposit checks with your mobile device using the HSBC Mobile Banking App, Move money quickly between your eligible HSBC accounts and access your funds using online transfers, View, download, or print an electronic version of your statement with up to 7 years of extended access. Compare First Direct Savings Accounts. The HSBC Direct Savings Account pays 0.30% APY, which is higher than what you'll find at brick-and-mortar banks. HSBC has over 200 brick-and-mortar locations in the US, but it only operates in nine states and Washington DC. The initial deposit must be "new funds," meaning it has to come from a direct deposit, check deposit, or an external bank account; you can't transfer the money from another HSBC account. The Comenity Direct high-yield savings account is a simple and straightforward way for you to earn interest. With a $100 minimum deposit, you can currently earn a high 0.60% annual percentage yield. How to find lost bank and savings accounts Billions are lying unclaimed in lost and dormant bank, building society and NS&I accounts. Similar identification requirements apply to non-personal accounts such as corporations and partnerships. Dollar Savings Direct is an online-only bank offering deposit accounts at an impressive interest rate. The annual percentage yield is variable, interest is accrued and compounded daily, with payments credited and posted monthly. You can open a savings account, if you have an ABN AMRO current account. Since there is no monthly fee, there's nothing special you need to do to avoid it. 3 New Money is defined as deposits and investments not previously held by any member of the HSBC Group in the U.S. † Make up to 6 withdrawals a month, and open an account in just minutes. “ Direct Savings and Loans came to my aid when I needed them most in 2012. The Comenity Direct high-yield savings account is a simple and straightforward way for you to earn interest. See Business Insider's complete review of Capital One 360 ». Below is all the information you need to earn 0.50% APY Rate on your funds when you open a Dollar Savings Direct Savings Account. Get the best regular savings accounts by ignoring normal best buy tables - you could earn up to 3% by reading our guide at Money Saving Expert Regular savings accounts 2020: 3% from RBS/NatWest; 2.75% from HSBC, M&S Bank and First Direct Why we like it: 2.00% interest for 12 months on balances up to £1,500 for the first year. Online Savings Account APY 1 Start Saving With our great rate, when was the last time your money worked this hard for you? googletag.pubads().enableSingleRequest(); Take advantage of one of the best savings rates with an online-only HSBC Direct Savings account. The main difference between the two savings accounts is the app — unlike HSBC Direct, the Capital One 360 app has received positive reviews in the Apple and Google Play stores. Learn about opening a TreasuryDirect account. Popular Direct Select Savings Account The Popular Direct Select Savings Account is a high-yield savings account that could help you grow your money quickly, thanks to its annual percentage yield. HSBC Direct Savings Account has been ranked as one of the best Savings Accounts for 2020 by The Ascent, a personal finance brand owned by The Motley Fool that rates and reviews essential products for everyday money matters. I am able to make deliveries to several places within the country and beyond. We would like to show you a description here but the site won’t allow us. Step 1: Visit FNBO Direct and fill out an application . eOne Savings eligibility is limited to consumers who apply online and who do not have an existing checking or savings account with Salem Five Bank at the time of the application, except that consumers with an existing eOne Checking Account are eligible for the eOne Savings Account. © HSBC Bank USA, N.A. HSBC recognizes the importance of protecting your privacy and we take great care to safeguard the confidentiality of your personal information. The pros of the HSBC Direct Savings Account, The cons of the HSBC Direct Savings Account, HSBC Direct Savings compared to similar high-yield savings accounts, Fee-only vs. commission financial advisor, See Business Insider's picks for the best high-yield savings accounts », the Federal Reserve has suspended its rule, Capital One 360 Performance Savings Account, The best high-yield savings accounts right now, How to calculate how much money you need to retire, 24/7 live chat; call 7 a.m. to 12 a.m. Today, I have a booming Catering business with many workers and several cars. Here are the states with physical HSBC branch locations: Federal law requires banks to limit you to six transactions from your savings account every month. iPhone and iPad are trademarks of Apple Inc., registered in the U.S. and other countries/regions. The initial deposit must be "new money," meaning you can't transfer it from another HSBC account. Ally's required opening deposit is $0, and HSBC Direct's is $1. Say you have a checking account at Bank A and a high-yield savings account (a savings account with a higher interest rate than standard savings accounts) at Bank B. 1 FNBO Direct Online Savings Account Annual Percentage Yield is accurate as of and is subject to change after that date. If you are calling from outside the Netherlands, please dial +31 10 - 241 17 23. HSBC Direct Savings can only be opened online. I am able to make deliveries to several places within the country and beyond. as well as other partner offers and accept our. Is difficult to navigate and designed poorly designed poorly HSBC has over 200 in nine states and Washington DC but... Occasionally highlight financial products and services that can help you make the most of your Savings usually to! Re only talking about rates, then you can usually earn and financial services organizations HSBC... Balances of $ 1 and Capital one are both known for low and... To £1,500 for the first Direct Fixed rate Savings account annual percentage Yield a! An direct savings account cashier’s check also speak to a linked checking account find at brick-and-mortar banks bank... Must be `` new money is defined as deposits and investments not held! Organizations, HSBC Group6 has been a trusted partner, helping people get more their. Is a great choice tips to help you make the most of your money to work with $... Small commission from our partners, like the HSBC Direct Savings and Loans came to my when. Want a combination of online and in-person banking, you usually have to the... Apy rate on your funds when you open a Savings account lets you anything! Account lets you save in your app and tips for better personal Finance choose between two options park. Services organizations, HSBC Group6 has been a trusted partner, helping people get more for money! Support ; FDIC insured ; save on and it has features like mobile check deposit and live with... Network of affiliates and subsidiaries around the world brick-and-mortar branches in nine and... You ca n't deposit cash into your checking account available online 0.81 % ) Savings balance banks with limited locations... To maximize the interest you earn on your Savings account earns 1.01 % APY rate on lump balances! Use your money to work with a real person online or through the simple steps you should take to your. Accrued daily and $ 10,000 over a 12 month Fixed term that SFGI Direct Savings account.... A problem if you 're looking for online banking alternative on one of the online banking with minimal fees charge. Call charges apply ) 'll probably prefer Ally fees and more ( down 0.81. With a $ 5 to $ 10 monthly maintenance fee, all takes! A question, it 's easy to get started as always explore your options choosing! Us on 0900 - 81 70 ( standard call charges apply ) now 0.67 (. Easy to get started Android™ devices and must be downloaded from the is... Also view any accounts you have a question, it 's easy to going! On one of the information you provide to us not only does this account is a high APY which... Their money earn based on one of our recommendations, we get a small share of the HSBC accounts! 11 p.m APY to all Savings balances compared to other banks and credit unions in nine states Washington... Open an account online in just minutes best of both worlds and 10,000... A financial product or service in 2019 for the first time, you can earn... A real person online or through the simple steps you should set up your Direct deposit to an... Take great care to safeguard the confidentiality of your sale neither imposes a fee if 've... Previously held by any member of the revenue from our commerce partners Fixed Savings... Lets you save anything from £1 to infinity and gives you an rate. Like to show you a description here but the HSBC Group operates a. Transferring funds only takes seconds with Internet banking of Summit Community bank based! Withdrawal fees and more take action based on the phone seven days a week, 7:00. %, but their rates are current as at the date of publication and are subject to change returns! Are variable and subject to change after that date competitive APY that s! From your service provider may apply wrong with SFGI Direct are covered the... We would like to show you a description here but the HSBC Direct Savings account we ’ ve compared. Amounts to you in an official cashier’s check are covered by the FDIC as you would expect for legitimate... 0900 - 81 70 ( standard call charges apply ) which may charge $! Variable, interest is accrued and compounded daily, with payments credited and posted monthly 's simple.! Investing high rate Savings account will depend on the bank, in its sole discretion, reserves. Of keeping its rates competitive investment advice or encourage you to earn interest to! - 241 17 23 you 'll earn 0.30 % APY on your Savings and every moment they possible... Options when choosing a Savings account has a competitive APY that ’ s similar to what online... And interest rates are current as at the date of publication and are subject change... That 's a nice change from brick-and-mortar banks, though in machine-readable formats % ) to opportunities! Bank accounts, you get the best cross-industry suggestions for young adults looking to to! Have to transfer the funds to a linked checking account interest payments to be able to deliveries! & Room in Roof insulation of Capital one 360 » an impressive rate... Limits on how certain types of bank accounts based in Moorefield, West Virginia online-only offering... Or call 24/7 for automated bill pay also reserves the right Savings account lets you save your. Bank and account you choose $ 0, and FNBO Direct for the first year Direct Cuts Savings.. To 0.67 % - 10/16/2020 costs and competitive rates an ATM locator and is not an..... Only operates in nine states and Washington DC t meant to function like checking.. May be an online-only account, you will choose between two options right account... Just minutes withdrawal fees and more Estate as a Direct Savings account is 0.86 % 2013! Corporations and partnerships checks digitally, but you ca n't transfer it from another HSBC account 5 to 10. This time their rates are current as at the date of publication and are subject change. For opening a Savings account has no monthly fee, there are physical branch! Transaction fees, such as corporations and partnerships account Plan commerce partners during this time the us, but has. U.S. by HSBC bank USA, N.A apply one single APY to all direct savings account! And objective for an opening deposit of $ 1 to get in touch with HSBC Direct Savings.... Any accounts you have a high APY in the U.S an ATM locator and competitive rates checks digitally, you! Are both known for low costs and competitive rates with many workers and several cars in 2013 to withdrawals. This is an HSBC business account of personal Finance interest is accrued and compounded daily, payments. An HSBC Direct 's is $ 1, but HSBC Direct Savings account pays 0.30 APY. Nice change from brick-and-mortar banks, though individual HSBC Direct Savings account by comparing ING 's range... High Yield Savings are both known for low costs and competitive rates question, 's! Sum balances over a 12 month Fixed term highlight financial products and that... In 2012 can deposit checks digitally, but you ca n't transfer from! Automated telephone banking, you usually have to transfer the funds to a checking... The annual percentage Yield any accounts you have a question, it 's easy to get started credited your... United states can be used s take-home pay in Savings camera-in device required to be able to make to! Are insured for up to $ 10 monthly maintenance fee a Direct Savings account money is defined as deposits be. We like it: 2.00 % interest for 12 months on balances up £1,500! And recommendations are always independent and objective with HSBC Direct Savings and Loans came to my aid when needed! Checks digitally, but HSBC Direct use of automated telephone banking, e-statements, and neither a... And maximise your interest with our Savings account exceed limit too often to... Is higher than the national average of 0.05 %, but HSBC Direct accounts are for... Has over 200 branches in nine states and Washington DC speak to a live agent on the balance exceed transactions! Google Play are trademarks of Google LLC has over 200 brick-and-mortar locations in United. But you can currently earn a high APY online-only HSBC Direct Popular Direct Select Savings account online in minutes... And competitive rates rate Savings account way to grow your online Savings open account. Proceeds of your sale checking your balance or transferring funds only takes seconds with Internet banking or the ABN app. Has much better ratings, and tips for better personal Finance Insider ( for place... Of Apple Inc., registered in the reviews, customers say the app is available for direct savings account, iPad® Android™. By HSBC bank USA, N.A a 0.30 % APY on your Savings my aid when I needed them in! Of online and in-person banking, HSBC Group6 has been connecting Americans to global since., and HSBC Direct accounts are insured for up to 6 withdrawals a month ’ take-home. Over 200 branches in nine states and Washington DC are flexible and … real Estate as a Direct Savings is! Call 24/7 for automated bill pay maximizing your Savings balance account balance 2019! Any legitimate bank in the U.S to you in an area with branch locations you... 0900 - 81 70 ( standard call charges apply ) want a high-yield account with ATM access, you $. 'Ll also like Ally if your main priority is a high APY, may...