Comments on: HSBC Direct Offering 6% APY On New Deposits http://www.thefinancejourney.com/personal-finance/hsbc-direct-offering-6-apy-on-new-deposits/ The financial journey of a 20 something computer analyst living in upstate New York. Fri, 16 Dec 2011 13:32:17 +0000 hourly 1 http://wordpress.org/?v= By: Chuck http://www.thefinancejourney.com/personal-finance/hsbc-direct-offering-6-apy-on-new-deposits/comment-page-1/#comment-3490 Chuck Wed, 31 Jan 2007 18:54:38 +0000 http://www.thefinancejourney.com/personal-finance/hsbc-direct-offering-6-apy-on-new-deposits/#comment-3490 Denise - You can mail checks to HSBC, there is a topic in the <a href="http://www.us.hsbc.com/1/2/3/personal/savings/online-savings/faq" rel="nofollow">HSBC FAQ</a> titled 'How do I make deposits by mail?' that should give you all the details on that. I've never mailed them (I have a local branch nearby) so I can't say what the turnaround time is. The Online Savings account provides you with an ATM card to withdraw money from your account (though if you do it at a non-HSBC ATM you will be charged for it). I use the account in combination with a checking account which transfers quickly (1 day) and gives me check writing access. They have a free checking account with no fees and no minimums which is a good pair with it. Personally I have the Interest Checking account which gives you a few extras like a .15% APY on your checking (woopie!) and your first order of checks free - you need $3000 combined in all HSBC accounts to avoid fees (for example you could have $10 in your checking account and $2095 in you Online Savings account). Hope this answers your questions! Denise – You can mail checks to HSBC, there is a topic in the HSBC FAQ titled ‘How do I make deposits by mail?’ that should give you all the details on that. I’ve never mailed them (I have a local branch nearby) so I can’t say what the turnaround time is.

The Online Savings account provides you with an ATM card to withdraw money from your account (though if you do it at a non-HSBC ATM you will be charged for it).

I use the account in combination with a checking account which transfers quickly (1 day) and gives me check writing access. They have a free checking account with no fees and no minimums which is a good pair with it. Personally I have the Interest Checking account which gives you a few extras like a .15% APY on your checking (woopie!) and your first order of checks free – you need $3000 combined in all HSBC accounts to avoid fees (for example you could have $10 in your checking account and $2095 in you Online Savings account).

Hope this answers your questions!

]]> By: Denise http://www.thefinancejourney.com/personal-finance/hsbc-direct-offering-6-apy-on-new-deposits/comment-page-1/#comment-3488 Denise Wed, 31 Jan 2007 18:40:38 +0000 http://www.thefinancejourney.com/personal-finance/hsbc-direct-offering-6-apy-on-new-deposits/#comment-3488 That's looking pretty solid. Right now I'm doing Citibank's eSavings and I really like being able to deposit checks directly to a bank -- without doing a draft (because my bank charges me for those). Can you mail-in checks to HBSC? What's the typical turn-around time? What about withdrawal? Is there a sister checking account that I can transfer to from savings and write checks from? That’s looking pretty solid. Right now I’m doing Citibank’s eSavings and I really like being able to deposit checks directly to a bank — without doing a draft (because my bank charges me for those). Can you mail-in checks to HBSC? What’s the typical turn-around time? What about withdrawal? Is there a sister checking account that I can transfer to from savings and write checks from?

]]>