HSBC Bank Certificates of Deposit Review

HSBC Bank Certificates of Deposit is offered by HSBC Bank USA, a bank founded in 1865 and based in New York, NY. HSBC Bank Certificates of Deposit is available in 50 states (and Washington, DC).

Are cd accounts from HSBC Bank USA federally insured?

Yes, your HSBC Bank USA cd accounts 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?

• Traditional

What APY does HSBC Bank USA offer on its CDs?

HSBC Bank Certificates of Deposit offers an APY starting at 0.3% and ranging up to 0.4% (APY stands for annual percentage yield, rates may change).

What is the minimum deposit to open a CD account with HSBC Bank USA?

HSBC Bank Certificates of Deposit requires a minimum initial deposit of $1,000 to open an account.

What types of early withdrawal penalties does HSBC Bank Certificates of Deposit charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

HSBC Bank USA does not charge an early withdrawal fee.