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HSBC is rewarding its savers

June 3, 2008 - 6:41am | Banks and internet banks | News |
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[img_assist|nid=7887|title=|desc=|link=none|align=left|width=112|height=168]Customers of HSBC Direct holding and just opening Online Savings Account will see the increase of their accounts to 3.50% APY (Annual Percentage Yield) on all funds – both new and current. The promotion was announced recently by HSBC Bank USA, N.A., the U.S. banking unit of one of the world’s largest financial services companies. Thus customers will get rewards at a rate that is nine times the national savings average, and is up from 3.05% APY.

 

“We are committed to helping our customers get the most from their money, and we constantly look for ways we can reward them,” said Kevin Martin, executive vice president and head of HSBC Direct U.S. “Increasing our HSBC Direct Online Savings Account to 3.50% -- when other savings rates have been falling -- gives new and existing customers an even better reason to start saving more.”

 

The promotion is to enable the following advantages:

 

• Great new rate on new and existing money is nine times the national savings average.
• Increased rate is available through August 15th, so the sooner customers deposit, the faster their money will grow.
• Offering is available to existing and new HSBC Direct customers with an HSBC Direct Online Savings Account.
• Funds deposited into an HSBC Direct account are FDIC insured.

• HSBC Direct is part of the global HSBC Group, which was ranked number one by Forbes in their annual Global 2000 ranking.

 

The number of HSBC Direct Online Savings Accounts opened since the launch of the program corresponds to 700,000.

 




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