Best CD Rates Info

HSBC is the largest banking organization in the world, and in fact, HSBC is the largest company in the world. Here at Best CD Rates Info, we decided to begin our review of HSBC CD rates by starting with the certificates of deposit offered by HSBC Direct — the online banking division of HSBC. The two HSBC Direct CDs both go by the name of HSBC Direct Online CD.

The first HSBC Online CD that we will mention here is the six-month term Online CD. This CD promises an Annual Percentage Yield of 2.85%, and requires a minimum deposit of $5,000.

The other HSBC Online CD that is available is the nine-month term HSBC Online CD. This CD gives an Annual Percentage Yield of 2.90%, and also requires a $5,000 minimum deposit.

Both of these HSBC CDs carry a penalty for early withdrawal equal to 30 days of simple interest. Additionally, according to HSBC, both of these CDs are “FDIC insured to the maximum permitted by law.” Both of these CDs can be applied for online, funded online, and offer online account management. Additionally, both of these HSBC CDs allow you to chose to automatically roll over your balance into another HSBC Online CD of the same term, at the Annual Percentage Yield that is in effect at the time.

Because the interest rates for CDs and other terms can vary, please check the HSBC Direct web site to confirm the current terms available. If you are looking for a short-term CD with a high interest rate, which can be applied for online, these HSBC Direct Online CDs may be of interest to you.