CD Accounts
1 more
Last Updated: 04/18/2025
Explore a similar product
Try this top product in CD Accounts
Barclays CD
Strongly recommended24 reviews
Compare All CD Accounts
Filter & compare all your options in one place.
Highlights
APY (Annual Percentage Yield)
0.3% - 0.4%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $1,000
Certificate Term
- 6 months
- 12 months
- 2 years
HSBC Bank Certificates of Deposit Review
HSBC Bank Certificates of Deposit are offered by HSBC Bank USA, a bank founded in 1865 and based in New York, NY. HSBC CD are available in 50 states and Washington, DC.
Key Takeaways
- Only one CD type available. HSBC CD only offers traditional CD accounts.
- Low APY. The maximum annual percentage yield for this account is only 0.4%.
- $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
- Limited selection of CD terms. HSBC CD only offers three CD terms. This limits your options when trying to set up a CD ladder.
Pros & Cons of HSBC Bank Certificates of Deposit
| Pros | Cons |
|
|
HSBC Bank Certificates of Deposit FAQ
Are CD from HSBC Bank USA federally insured?
Yes, your HSBC Bank USA CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57890). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What types of CDs does HSBC Bank USA offer?
HSBC CD provides the following types of CDs.- Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
What rates does HSBC Bank USA offer on its CDs?
HSBC CD offers an APY starting at 0.3% and ranging up to 0.4%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.
What terms does HSBC CD offer?
HSBC Bank USA offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 0.4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.3% - 0.4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 0.3% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 0.4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with HSBC Bank USA?
HSBC CD require a minimum deposit of $1,000 to open an account.
What is the grace period for HSBC CD?
There is a 10-day grace period for HSBC CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.
What types of fees, such as early withdrawal penalties, does HSBC Bank USA charge?
Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.
HSBC Bank USA charges an early withdrawal fee.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
Closed
Monday
10:00AM - 4:00PM
Tuesday
10:00AM - 4:00PM
Wednesday
10:00AM - 4:00PM
Thursday
10:00AM - 4:00PM
Friday
10:00AM - 4:00PM
Saturday
9:00AM - 1:00PM
Other Services by HSBC Bank USA
SuperMoney Net Recommendation Score
Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.
-100
-1000+100
No one recommends
Everyone recommends
HSBC Bank Certificates of Deposit Community Reviews
Would you recommend HSBC Bank Certificates of Deposit to your friends?
Bob L.
Aug 20, 2018
May or may not recommend
I attempted a transfer of $2300.00 from my Chase checking to my HSBC checking on 6/25. HSBC unilaterally closed my account (in good standing) after 20 years of being a customer because I refused to provide detailed personal financial information. No problem. I didnt like the bank anyway. However the $2300.00 that I attempted to transfer did not go into my account (because they had closed it) nor did the ...Show More
Showing 1 of 1 reviews
You might also like
Best CD Rates
SuperMoney
APR vs. APY: What's the Difference?
Bryce Sanders
CD Ladder Strategy: Explanation, Pros & Cons
Chip Stapleton
