HSBC Bank is offering new customers 5.25% APY on 6-month certificate of deposits for a limited time. This rate outperforms a lot of online savings accounts, but the one knock on CDs is you forgo access to the money for the full interest period.
- Minimum opening balance of $1,000
- Guaranteed 5.25% APY for the full 6 months
- Earns better than most online savings accounts
- Viable alternative to money market accounts
The Fine Print
*Special 6-month CD 5.25% Annual Percentage Yield (APY) is accurate as of November 13, 2006. Rate is only good for new money. New money means funds not previously held by any member of the HSBC Group. A penalty may be imposed for early withdrawal. Minimum balance to open and obtain APY is $1,000. Offer applies for initial term of qualifying HSBC CDs. This offer cannot be combined with other promotional offers and is non-transferable. Offer subject to change without notice. (Source: HSBC Online)