The direct division of International banking giant HSBC is currently advertising a special promotion rate valid until August 15.   You can now get a 3.50% APY if you get an online savings account with HSBC Direct.

The account itself is very straight forward:

  • No monthly fees
  • No minimum balance
  • $1 opening to get going
  • No need to have a checking account with HSBC
  • Online access to your account
  • Deposit or withdraw funds at any HSBC ATM in the US or
  • Transfer funds online to and from your other bank accounts.
  • FDIC insured up to $100,000.

For more information and to open up an online savings account with HSBC Direct please click here.