Highest CD Rates Info

As the largest banking firm in the world, HSBC is truly a bank with a global presence. Therefore, those of us here at Highest CD Rates Info were curious to review HSBC CD rates to see what the highest CD rates are that they have to offer. There are essentially three types of HSBC CDs: (1) HSBC Term CDs; (2) HSBC Right Choice CDs; and (3) HSBC Direct Online CDs.

*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 HSBC Term CD comes in a variety of different terms. The main HSBC Term CD that caught our interest was the “4 to 10 years less 1 day” CD, which gives you an Annual Percentage Yield of 3.55 percent. That is not too bad, in our opinion, for a long term CD, especially when you consider that this certificate of deposit has a minimum deposit of only $1,000.

The HSBC Right Choice CD is a 1 year CD with a minimum deposit of $1,000 that allows you to change the rate once during the 12 month term, provided that interest rates go up. That’s a nice option, but with a starting Annual Percentage Yield of only 1.75 percent, this CD really does not appeal that much to us.

The HSBC Direct Online CD comes in two different term lengths: 6 months and 9 months. The 6 month HSBC Direct CD has an Annual Percentage Yield of 3.30 percent and requires a minimum deposit of $5,000. The 9 month HSBC Online CD has an Annual Percentage Yield of 3.40 percent, and also requires a minimum investment of $5,000.

So, you definitely have a lot of options when it comes to HSBC CD rates. Please see the HSBC web site to confirm the CD interest rates and other terms available in your city, as rates and terms can change quickly and differ by location.