Earn competitive rates on balances
Begin a Premier Relationship to experience the benefits of relationship banking. HSBC's Premier Savings is one of our highest-yield savings accounts.
What you need to apply online
To open a Premier Savings account you need to have a qualifying HSBC Premier relationship which includes a new or existing:
- HSBC Premier checking account and;
- Maintain balances of $75,000 in combined U.S. Dollar personal deposit accounts and investment* balances OR recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s) per calendar month OR an HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000.
You will also need:
- You must be 18 years of age and have a Social Security Number
- Account information for funding your new account if you want to fund from outside HSBC
Competitive tiered interest rates that pay higher rates for higher balances.
Access our Personal Internet Banking with complimentary Bill Pay, and set up Bank-To-Bank Transfers or transfers between your HSBC accounts3.
Build your relationship
Balance counts towards your monthly minimum HSBC Premier balance requirement2. Your Premier relationship provides access to our comprehensive global banking and investment solutions.
Your money is FDIC insured to the maximum permitted by law.
How to apply
Already have an HSBC Premier Relationship and want to apply for a sole Premier Savings account?
Note: By proceeding with the application you are accepting the terms and can meet the requirements listed on this page
What happens next?
Once you have submitted your online application, we will notify you if it can be approved online or if other information is needed to complete the application.
All accounts will receive the Annual Percentage Yield (APY) and interest rate in effect when the account is opened and funded. See Terms & Charges Disclosure for more information.
Enhance your HSBC relationship
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person or entity that opens an account.
What this means for you: If you open a personal account, we will ask for your name, address, taxpayer identification number, date of birth, and other information that will allow us to identify you. Additionally, we will take certain steps to verify your identity, such as asking for your driver's license or other identifying documents or checking other sources. Similar identification requirements apply to non-personal accounts such as corporations and partnerships. Be assured that we recognize the importance of protecting your privacy and safeguarding the confidentiality of the information you provide to us.
Privacy and Security
HSBC recognizes the importance of protecting your privacy and we take great care to safeguard the confidentiality of your personal information. Visit our HSBC Security & Fraud Center to learn more about how HSBC helps keep your information secure, and what you can do to ensure a safe online experience.
1 To qualify for HSBC Premier Savings account, you need to maintain an U.S. HSBC Premier2 relationship.
2 To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and maintain balances of $75,000 in combined U.S. Dollar personal deposit accounts and investment* balances OR recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s) per calendar month OR an HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000. Business owners may use their qualifying HSBC U.S. Dollar commercial balances to qualify for a personal Premier relationship. A monthly maintenance fee of $50 will be incurred if one of these requirements is not maintained.
3 Federal Reserve Regulation D Transaction Limitations apply
United States persons are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts. U.S. persons should consult a tax adviser for more information.
HSBC Premier World Mastercard® and HSBC Elite World Elite Mastercard credit cards are issued by HSBC Bank USA, N.A., subject to credit approval and require a U.S. HSBC Premier relationship. To learn more, speak with an HSBC Premier Relationship Manager.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
* Investments and certain insurance products, including annuities, are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. HSI is an affiliate of HSBC Bank USA, N.A.
Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A. and are only available for property located in the U.S. Subject to credit approval. Borrowers must meet program qualifications. Programs are subject to change. Geographic and other restrictions may apply. Discounts can be canceled or are subject to change at any time and cannot be combined with any other offer or discount.
Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.