Category Archives: Savings

HSBC Direct Renamed – HSBC Advance is the New Name

UPDATE 2/2/10:

I received this official email notification regarding the change:

As of January 30, 2010, HSBC Direct has been renamed HSBC Advance.

This change does not affect your banking activities. Your online deposit accounts will remain exactly the same, with the same features, benefits, and competitive rates… all without monthly fees.

High Yield Online Savings Account Review – HSBC Direct

UPDATE January 21, 2010:  HSBC Direct Renamed – HSBC Advance is the New Name

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I have used the HSBC Direct High Yield Online Savings Account for several years now.  They have always been in the top tier of interest rates, without offering unnaturally high initial rates that are unsustainable.  I have signed up for other online savings accounts over the years; however, I selected HSBC due to the following reasons: