HSBC Bank Money Market Account and Rates
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HSBC Bank or Hong Kong and Shanghai Banking Corporation is one of the largest banks in America headquartered in Mc Lean Virginia. With deposits of just over $109 billion, since 2004 they have grown to 484 branches located in 13 different states and subsidiaries in 45 out of 50 states.
HSBC was originally Midland Bank and in 1987 they became HSBC. Their staggering transformation to the powerhouse they are today has made them one of the most safe and sound banks found in the marketplace world wide. With a quarter of million employees and over 9000 offices in 80 countries, HSBC has done well.
With over 9000 offices in 80 countries, HSBC is "the world's local bank"
HSBC keeps their customers safety and security in mind with all of their investments. All investments are insured with the FDIC (Federal Deposit and Insurance Corporation).
Products being offered by HSBC Bank include certificates of deposit online as well as through brick and mortar branches, savings accounts, money market accounts and checking accounts. With all of the services offered for investors there are several variations for many of these.
These are the various money market accounts offered through HSBC Bank money market accounts.
HSBC Bank-online Premium Money Market Account plus
Minimum to open this account is $1. HSBC does not require a minimum balance needed to avoid monthly fees for your money market account. You can have personal internet banking with the money market account plus.
Current rates for Premium Money Market Account plus
Min Deposit Max Deposit APY
$1 $14,999 0.10 %
$15,000 $49,999 0.25 %
$50,000 $74,999 0.30 %
$75,000 — 0.35 %
Premium Money Market Account Plus is a wonderful money market account product that services nearly every spectrum of investment for money market accounts. If you are interested in getting started with HSBC Bank Premium Money Market Account Plus, feel free to enroll online or over the telephone.
Besides visiting a local branch, you can also open an account via phone or the internet.
Money market accounts are ideal for investors seeking a way to find a high yielding return on their investment. Money market accounts pay better than a regular savings account for interest. However, they don’t pay as much as certificates of deposit. The advantage of having a money market account is the ability to have the high yielding return and still have access to your funds whenever you need them through an ATM card or checks. Remember, the lower your balance the lower the return on your APY.
HSBC has developed an interactive website that is user friendly and easily navigated providing customers with the opportunity to do most almost every transaction imaginable on the internet. Their security exceeds industry standards so feel safe and secure with your online transactions.
HSBC is one of the wonderful leaders in the industry today in money market accounts.