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HSBC CD Rates for December 2022

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HSBC CD interest rates are competitive compared to other top banks. If you're interested in a safe, short-term investing opportunity, you should give HSBC CDs a closer look. Keep reading to learn more about HSBC CD rates and how they compare to other top banks' CDs.

HSBC CD rates for December 2022

HSBC CD
  • 1 Year APY: 4.25%
  • 2 Year APY: 4.50%
Rates as of Nov. 28, 2022
Term
HSBC CD
1 Year
2 Year
3 Year
4 Year
5 Year
4.25%
4.50%
--
--
--

Compare HSBC CD rates

When you compare HSBC CD interest rates to brick-and-mortar banks, HSBC's competitive rates stand above the rest. Here's a closer look at how they compare to some of the other top CDs.

Rates as of Nov. 28, 2022
Lender
Account
1 yr. apy
2 yr. apy
3 yr. apy
4 yr. apy
5 yr. apy
Min. deposit
Early Withdrawal Penalty
Next Steps
Logo for CIT Bank CD
Member, FDIC
0.30%
0.40%
0.40%
0.50%
0.50%
$1,000
Yes
Logo for Discover High Yield CD
Member, FDIC
4.00%
4.10%
4.15%
4.20%
4.25%
$2,500
Yes
Logo for Marcus by Goldman Sachs High Yield CD
Member, FDIC
Marcus by Goldman Sachs High Yield CD
4.00%
4.25%
4.00%
4.00%
3.80%
$500
Yes

HSBC's CD review

Pros

  • High APYs
  • No monthly fees

Cons

  • Few terms
  • High minimum deposit

HSBC's short term CDs are pretty competitive. If you'd like to earn a decent amount of interest on your savings, but you're not ready to commit to a long-term CD, HSBC CDs are a great option. However, if you're interested in building a CD ladder, you may want to look elsewhere -- HSBC doesn't offer CDs longer than two years and requires a high minimum deposit.

Other HSBC CD accounts

HSBC does not offer any other types of CDs at present.

FAQs

  • An HSBC CD is a good fit for those with at least $1,000 to spare who want to earn a competitive interest rate on a short-term CD.

  • An HSBC CD can help you grow your savings at a higher rate than you'll find with many savings accounts, as long as you can leave your money untouched for a few months.

  • An HSBC CD is a great fit for those interested in competitive short-term CDs, though those interested in long-term CDs will have to look elsewhere.

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