HSBC Bank CD Rates
We haven’t looked at HSBC CD rates in quite a while, so we here at Highest CD Rates Info thought it was about time we did so to bring you the latest. We looked at current CD rates and found that overall, the HSBC Bank certificate of deposit rates right now are not very competitive nationally.
*Editor’s Note: this is an older article, and we have recently updated our research about current HSBC CD Rates. For our latest article on HSBC Certificate of Deposit Rates, please see the following page: HSBC CD Rates
To open a CD account at HSBC a minimum deposit of $1,000 is required and terms range from 3 months to 2 years. The highest CD rates are with the special, online-only offer that HSBC Bank CD rates offers for a one year term at 1.35% APY. In-branch, however, a one year and one day CD gets 1.50% APY, so the extra day is worth the higher rate.
Other current CD rates at HSBC are the short term 3 and 4 month rates at 0.15% APY, the 6, 7, and 8 month terms at 0.50% APY. 9 and 11 months returns 0.90% APY while 1 year and 1 day or a 13 month term get 1.50% APY, as does a 15 month special term. For a two year commitment, the HSBC Bank CD rates drop to 1.30% APY.
Again, these HSBC CD rates are barely average nationally with the exception of that one year and one day offer. The highest CD rates on other terms will likely be found elsewhere.
HSBC Bank is FDIC insured to the fullest extent of the law. If any of these HSBC CD rates appeal to you, lock yours in today. Current CD rates change often and without notice.