Online Banks | HSBC Direct

HSBC Direct

For information concerning HSBC Bank USA, National Association parent bank, please click here.

Online Rates - March 25, 2023

Your current location is: Ashburn, VA

SAVINGS RATES APY MIN
Savings
0.05% $1 Compare

Money that you deposit is held by HSBC Bank USA, National Association. HSBC Bank USA, National Association is an FDIC insured institution founded in 2004. It has approximately $168.92 billion in assets.

Overview 2023

General Information of the Parent Bank

FDIC Insured Yes
Insured Parent Bank HSBC Bank USA, National Association
FDIC Certificate # 57890
Date Established 2004
Assets $168.92 billion
Loans $59.46 billion
Deposits $136.45 billion
Capital $17.69 billion


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Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    ONLINE SAVINGS
    HSBC Direct
    Online Bank
    -
    $50,000
    N.A.
    0.05%
    0.37x (National Avg. - 0.14%)
    $1
    -
    SCENARIO
    Year Rate
    0.05%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 25 18
    2 50,025 25 18
    3 50,050 25 18
    4 50,075 25 18
    5 50,100 25 18
    6 50,125 25 18
    7 50,150 25 18
    8 50,175 25 18
    9 50,200 25 18
    10 50,225 25 18
    11 50,251 25 18
    12 50,276 25 18
    13 50,301 25 18
    14 50,326 25 18
    15 50,351 25 18
    16 50,376 25 18
    17 50,402 25 18
    18 50,427 25 18
    19 50,452 25 18
    20 50,477 25 18
    TOTAL $502 $352
  • 2
    LOCAL SAVINGS
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    N.A.
    3.60%
    26.47x (National Avg. - 0.14%)
    $0
    -
    SCENARIO
    Year Rate
    3.60%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,800 1,260
    2 51,800 1,865 1,305
    3 53,665 1,932 1,352
    4 55,597 2,001 1,401
    5 57,598 2,074 1,451
    6 59,672 2,148 1,504
    7 61,820 2,226 1,558
    8 64,045 2,306 1,614
    9 66,351 2,389 1,672
    10 68,740 2,475 1,732
    11 71,214 2,564 1,795
    12 73,778 2,656 1,859
    13 76,434 2,752 1,926
    14 79,186 2,851 1,995
    15 82,036 2,953 2,067
    16 84,990 3,060 2,142
    17 88,049 3,170 2,219
    18 91,219 3,284 2,299
    19 94,503 3,402 2,381
    20 97,905 3,525 2,467
    TOTAL $51,430 $36,001


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