[Expired] HSBC Direct 1..01% APY Savings Account + $125 Slickdeals Bonus

Deal has ended, view more bank account bonuses by clicking here.

Rate reduced to 1.01%

Update 5/20/20: Deal is back with this link. Hat tip to reader Burton

Offer at a glance

• Interest Rate: 1.01% APY
• Minimum Balance: None
• Maximum Balance: None
• Availability: Nationwide
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: None
• Monthly fees: None
• Early account termination fee: $25, 180 days
• Insured: FDIC

The Offer

Direct link to offer

• HSBC Direct is offering a 1.3% APY savings accounts with no monthly fees or minimum balance requirements
• You can also get an additional $125 bonus if you open the account through slickdeals when logged in, you must also complete the rebate form

 

Avoiding Fees

This account has no monthly fees to worry about. There is an early account termination fee of $25 if the account is closed within 180 days.

Our Verdict

1.30% APY isn’t the highest yield savings account currently being offered, but it is close to. That being said this account might be of interest to some readers because HSBC is also offering a checking bonus of up to $700. To get the highest bonus you need to deposit up to $100,000 and even though this account is HSBC direct rather than HSBC apparently funds in this account do qualify for the bonus (and also help to keep it fee free). That makes that offer significantly more attractive.

You should be able to do this deal and the checking bonus deal, I’d recommend opening the checking bonus first just in case you can only do one of these, as those bonuses are bigger.

Post history:

• Update 4/19/20: Reposting as Slickdeals is stating you can do this bonus even if you did the last one. Hat tip to reader Maisel
• Update 4/15/20: Bonus is back at $125. Savings rate is down to 1.70% now.
• Update 4/5/19: Slickdeals now has a new rebate offer, this time increased to $125 (up from $100 last time).
• Update 3/16/19: APY has been increased to 2.25%. Still not the best high yield account but useful for some with the $100 additional bonus.
• Reposting as Slickdeals is offering an additional $100 bonus if opened when logged in using their link and completing the rebate form.