HSBC Certificate of Deposits - Rates and Key Details

HSBC offers many schemes in savings account. They are Online account, Certificate of Deposits, Premium Money Market Plus, Premier Investor and Regular Savings. Certificate of deposits is the new trend now. It has high interest rate and commercial value. According to this scheme, the customers should invest their money for a particular time. Since the bank can invest the money during the particular time period, this scheme has high value. The bank provides high rates for long time period. The Annual Percentage Yield in HSBC certificate of deposits is high. The various annual percentage yields and the time duration are listed below here.

HSBC Certificate of Deposits Rates:

3 Months - 0.05%
4 Months - 0.05%
6 Months - 0.10%
7 Months - 0.10%
8 Months - 0.10%
9 Months - 0.10%
11 Months - 0.10%
1 Year - 0.70%
13 Months - 0.70%
15 Months - 0.70%
2 Years - 0.50%

The minimum deposit amount required to open this account is $1000. The minimum balance amount required to get APY is also $1000. The APY with interest checking plus is nil here. This bank requires the particular details to check the applicant identity. Those details are mentioned below here.

Key Details:

If you are a US citizen, then you should provide your social security number or the Tax ID number.
You should also provide Drivers license for identity proof. You can also submit any other ID cards issued by the government.
If you are non-US citizen, then you should submit your resident alien card.

Click here---> To start a HSBC Certificate Deposits. Get to know about the HSBC CD Rates

Divya Kannan

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