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HSBC Direct’s Online Savings Account Makes Saving Easier

HSBC Direct
Here’s a recurring thought that makes saving even simpler.

Make saving even easier by transferring money automatically to your Online Savings Account on a regular basis. It’s simple to set up.

And, you can take advantage of our big fat rate. Especially now that it’s a portly 3.50% APY*, available through August 15, 2008.

Recurring Bank–to–Bank transfers are free.¥ And they make it easy to transfer funds from other financial institutions. Once your automatic transfer is set up, you won’t have to give saving a second thought.

A big fat rate. And an easier way to save. So why not set up a recurring transfer now?

Sincerely,

Your Online Savings Team

Transfer Now 3.50% APY* Online Savings Account
HSBC The world’s local bank, Member FDIC, Forbes

HSBC Direct deposit accounts are offered by HSBC Bank USA, N.A. Member FDIC. Deposits are insured to the maximum permitted by law.

* Special Online Savings 3.50% Annual Percentage Yield (APY) is accurate through 08/15/2008. Minimum balance to open is $1.00. HSBC reserves the right to change or terminate this promotion at any time. Any change or termination will not affect existing customers who took advantage of the promotion. After promotion period, interest rate and APY are variable and subject to change.

¥ Third party fees may apply.


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Money Market Account

A savings account which shares some of the characteristics of a money market fund. Money market accounts are insured by the federal government. Money market accounts offer many of the same services as checking accounts, although transactions may be somewhat more limited. They are very safe and highly liquid investments, but offer a lower interest rate than most other investments. These accounts are usually managed by banks or brokerages, and can be a convenient place to store money that is to be used for upcoming investments or has been received from the sale of recent investments.