HSBC is currently offering a 6-Month Certificate of Deposit (CD) at a high APY.
The HSBC Advance Online CD is FDIC-insured for up to $100,000, so your money is absolutely safe in this 6-month high APY CD.
The minimum balance to open an online CD and obtain the high APY is only $1 (which was confirmed by customer service, as the HSBC website actually lists conflicting information with $10 in the fine print).
Plus, with the short 6-month term, you won’t tie up your money for too long while still earning a high interest rate CD.
HSBC Advance Online CDs have no regular monthly fees and no transaction fees, so you can deposit as little or as much money as you want without taking any risks and while earning a high fixed APY for 6 months.
During the grace period after the 6 months expires, you can instantly transfer your money over to another HSBC account for free or allow your CD to roll over into an HSBC Advance Online CD of the same term to continue earning a great interest rate on your savings.
However, you must apply for this Certificate of Deposit offer online to receive the high interest rate and low minimum balance requirements, as these benefits are exclusive to the online CD from HSBC.
Sign up for an HSBC Advance Online CD to receive a high fixed APY for 6 months with no fees and no risks.
If you prefer not to commit your funds for the entire 6 months, you may also want to consider a free online savings account from HSBC Advance, which can offer you a very high APY for a savings account with no banking fees.