Highest CD Rates Info

The aim of this blog is to bring you the best CD rates available in the market today along with its features and benefits. We believe this information about the highest CD rates offered by the different banks will help you to make an informed financial decision. In this series, we will discuss about HSBC certificate of deposit rates.

*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

The current HSBC Bank CD rates for a term of 3 months and 4 months is 0.05%. The rates for a 6,7,8,9 and 11-month CD is 0.10%. The HSBC CD rates for a 1-year, 13-month and 15-month CD is 0.40% while the interest rate for a 2-year CD is 0.75%. These rates are for CDs that are opened through the Internet and for CDs opened through the phone or at the local branch, the rates are slightly different. The CD interest rates are 0.05% for a term of 3 to 6 months and 0.10% for a period of 6 months to 1 year. For a period of 1 year to 15 months, the rates are 0.40% while the rates are 0.75% for a period of 2 to 4 years. From 4 to 10 years, the CD interest rates are 1.70%.

The minimum amount required to open a CD account with HSBC is $1,000 and there is a penalty for early withdrawal. So, it is a good idea to think twice about your financial goals and plans before investing. Otherwise, you may end up losing some part of the interest money towards penalty. Overall, the CDs have good features and a competitive interest rate and it can be an attractive avenue for investing your funds.