Last Updated: 04/18/2025
HSBC Premier Relationship Savings Account
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in Savings Accounts from HSBC Bank USA
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.05% - 3.75%(Verified 01/14/2025)
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Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
$5
HSBC Premier Relationship Savings Account Review
HSBC Premier Relationship Savings Account is offered by HSBC Bank USA, a bank founded in 1865 and based in New York, NY. HSBC Premier Relationship Savings are available in 50 states and Washington, DC.
Key Takeaways
- You could earn up to $3,000 when you open a Premier checking and Premier Relationship Savings account by February 28, 2025 and complete qualifying activities1. Add New Deposits to your Premier Relationship Savings account by March 31, 2025 and maintain your Premier Relationship Savings balance through June 30, 2025.
- Get a $1,000 Cash Bonus: Add and maintain New Deposits of $100,000 to $249,999
- Get a $2,000 Cash Bonus: Add and maintain New Deposits of $250,000 to $499,999
- Get a $3,000 Cash Bonus: Add and maintain New Deposits of $500,000+
- High yield savings. This account offers an annual percentage yield of up to 3.75%, which is much higher than the average interest rate for a savings account. However, you must meet minimum balance requirements for higher APYs.
- No monthly maintenance fee. For new accounts opened on or after August 29, 2024, to avoid the monthly maintenance fee, in a calendar month, you must maintain: 1) Balances of $100,000 in qualifying balances (see qualifying balance section); OR 2) Monthly recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s); OR 3) Any HSBC U.S. residential mortgage loan serviced by HSBC. Home Equity products, loans that are in foreclosure or bankruptcy, and loans for which servicing rights have been transferred are not included.
- No minimum initial deposit. There is no minimum balance required to open an account online.
HSBC Premier Relationship Savings Pros & Cons
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HSBC Premier Relationship Savings FAQ
Are savings accounts from HSBC Bank USA federally insured?
Yes, your HSBC Bank USA savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). 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.
Does HSBC Bank USA offer a signup bonus?
Yes, HSBC Premier Relationship Savings offers a signup bonus.
You could earn up to $3,000 when you open a Premier checking and Premier Relationship Savings account by February 28, 2025 and complete qualifying activities1. Add New Deposits to your Premier Relationship Savings account by March 31, 2025 and maintain your Premier Relationship Savings balance through June 30, 2025.
- Get a $1,000 Cash Bonus: Add and maintain New Deposits of $100,000 to $249,999
- Get a $2,000 Cash Bonus: Add and maintain New Deposits of $250,000 to $499,999
- Get a $3,000 Cash Bonus: Add and maintain New Deposits of $500,000+
What is the minimum initial deposit for HSBC Premier Relationship Savings?
There is no minimum deposit to open a HSBC Premier Relationship Savings.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $75,000 (see terms and conditions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Combined Balance to Avoid Monthly Maintenance Fee | Starting at $75,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does HSBC Premier Relationship Savings Account offer?
HSBC Premier Relationship Savings offers a variable APY starting at 0.05% and ranging up to 3.75% (APY stands for annual percentage yield, rates may change).
What fees does HSBC Premier Relationship Savings charge?
This account charges a monthly service fee of $50. However, you can waive the monthly fees if you have a minimum daily balance of $75,000. You can also waive the fee by keeping a combined balance of $75,000.
- Outgoing domestic bank transfers come with a $35 fee.
- Incoming domestic bank transfers come with a $15 fee.
- Outgoing international bank transfers come with a $35 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- Incoming international bank transfers come with a $15 fee.
- HSBC Premier Relationship Savings charges a $25 fee for an early account closure. Contact HSBC Premier Relationship Savings for more details on what is considered an early closure.
What features and perks does HSBC Premier Relationship Savings offer?
This savings account includes the following features:
- Mobile Banking Services - HSBC Premier Relationship Savings allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to HSBC Premier Relationship Savings?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for HSBC Premier Relationship Savings?
The customer support email for HSBC Premier Relationship Savings is hsbcusahelp@us.hsbc.com.
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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