bank rates

HSBC $50 Money Market Bonus

HSBC MONEY MARKET RATES

HSBC is running a promotion on their Money Market Plus & Savings Account. Basically, if you apply for their money market plus account with a $3000 minimum deposit, they will give you $50.

If you don’t have $3000, you can apply for their regular savings account with a minimum of $500, but you only get a $25 bonus.

Be advised though, the interest rates on these accounts are horrible!

Premium Money Market Plus Savings Accounts are 0.45% APY on balances of $1.00 or more but less than $15,000; 1.80% APY on balances of $15,000 or more but less than $50,000; 2.25% APY on balances of $50,000 or more but less than $75,000; 2.50% APY on balances of $75,000 or more and on Regular Savings is 0.10% APY.

Update: There is also a $75 bonus if you sign up for the HSBC checking account. Thanks Ranbok for the heads up.

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Comments (15)
1 Star2 Stars3 Stars4 Stars5 Stars (15 votes, average: 4.13 out of 5)
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15 Existing Comments
  1. oliver said:
    on February 22nd at 05:23 pm

    $3000 minimum deposit and .45% interest? for only $50? i think not

  2. Tracy said:
    on February 22nd at 05:36 pm

    From what I can see, it looks like you have first have to have a checking account with HSBC to qualify for their money market account. Can anyone tell if this is the case?

  3. JF said:
    on February 22nd at 07:32 pm

    Where did you see the ad promotion for $75 checking account? This display doesn’t mention the checking account promotion.

  4. Bankaholic.com said:
    on February 22nd at 07:49 pm

    http://us.hsbc.com/checkit

  5. oliver said:
    on February 22nd at 11:05 pm

    the checking account isn’t free unless you use direct deposit

  6. oliver said:
    on February 22nd at 11:06 pm

    and yes tracy, u do need a checking account to open the money market

  7. Samm said:
    on February 23rd at 03:41 am

    If you need a checking account with them, try something else. HSBC was a nightmare for me; I opened an online account some time ago and practically had to sell my firstborn when I wanted to close it. Their customer service was the worst I’ve ever encountered, and that’s saying something.

  8. jesse said:
    on February 26th at 06:32 pm

    why would you even post this deal? this deal sucks

  9. s said:
    on February 27th at 03:05 am

    your mom sucks

  10. Don said:
    on February 29th at 05:12 pm

    This deal may not be all that great, but if you really want to be ripped off, open up a CD with Countrywide. They will sit on your funds transfer until the lock-in period expires and then lock you in at a lower rate. All this and they don’t even need to sick a gun in your ribs. Stay away from Countrywide, they’re the worst.

  11. oliver said:
    on March 2nd at 12:16 am

    yeah wtf is this bs even posted

  12. brian said:
    on March 4th at 05:37 pm

    Get $20 for opening an Account, no direct deposit required

    Rules: You will earn $20.00 for opening an eMoney Market account with the link provided in the referral email that I will send to you. This offer will be available for 30 days after the date the referral email was sent. You must open a new eMoney Market account and must not be an existing VirtualBank or Lydian Private Bank accountholder. The $20.00 new customer gift will be deposited into the account immediately. These funds will be reported as interest on your 1099INT. Please email me at Brian.tanenbaum@gmail.com for a referral email. Only a limited amount of referrals are available.

  13. o.t. said:
    on March 6th at 07:46 pm

    take this HSBC b.s. offer down. it is not a deal

  14. hoofnit said:
    on March 17th at 10:08 pm

    Do the math – excluding the Checking – $3000 + 50 @ 1.80% for a year is 3.50% APY.

  15. Anthony said:
    on March 24th at 05:13 am

    I have opened online savings account with HSBC 4 times. Took their promotion and closed the account. Yes, their customer service sucks. No regrets