People would always want to tailor their bank accounts if they just can do it. There are many people who would look for ways and means in order for them to be able to save money and let it earn some interest in the bank of their choice. One way for them to do it is through opening certificates of deposit accounts. All banks and financial institutions have this and one place where people can surely go to entrust their savings is at HSBC.

This is a good place to start preparing for the future. They offer well updated rates. They also have an outstanding customer service with efficient and effective policies and operations. Those people who really would want to protect their money should start understanding HSBC more. In terms of their certificates of deposits, there are many choices depending on what terms or programs the account holders or owners would want to have. HSBC offers the online certificate of deposit wherein those who are interested can simply apply online. This is a very easy and quick way of opening an account which any person can do. The benefits of opening in HSBC are that the fixed interest rates are compounded daily and it has a very easy access account management because it is online. The savings of the account holders are secured and FDIC insured.

Certificates of Deposit

For those who will be opening an online CD account with the term or program of six to nine months should have a minimum balance of $1,000. The annual percentage yield or the APY for these terms is 0.10%. Those who want the one year term to 18 months program, the APY is 0.20%. While for the 24 months to 30 months, the APY is 0.35%. And lastly, the longest term they have which is the 48 months program will have an APY of 0.80%. These are the annual percentage yields HSBC offers for those who want to open an online certificate of deposit account. Those who are interested and have the money to open an account should do it as soon as they possibly can.

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