After writing about the ING Orange savings account, I knew that I had to follow it up with a review of the HSBC online savings account. The HSBC savings account is one of the best savings accounts.  HSBC internet banking is currently offering a 3.50% interest rate for opening an HSBC savings account.  This is an outstanding interest rate and this alone makes it stand out as being among the best savings accounts.  However, high interest rate savings APYs are subject to change and therefore you should check out the hsbcdirect.com website for the current interest rates.

Some other great features of the HSBC online savings account are as follows:

• HSBC’s savings account has a $1 minimum deposit to open an account.
• HSBC has no mimum balance requirements.  This is excellent because you always will have access to all of your money without worrying about paying a fee for insufficient balances.
• HSBC states that there are no fees for this HSBC internet banking account.
• You don’t have to open an HSBC checking account.
• Use of the HSBC Internet banking website.
• The HSBC online savings account is FDIC insured.

One of the features that I did not mention above was ATM machine access.  HSBC provides a debit card that you can use at any HSBC ATM machines and non-HSBC ATM machines.  The best part about the HSBC savings account is that HSBC Internet banking will reimburse you for ATM fees charged by other banks.  However, HSBC will only reimbure up to $3.00 for transaction.

I hope that you enjoyed this article on the HSBC online savings account.  Which savings accounts do you think are the best savings accounts?  We would love to hear your recommendations.  This site is about sharing information.