Just go to HSBC and open up a Personal Savings Account. The bank transfers are free so this is great. Money sitting in your account doing nothing but earning a little bit for you every month. I'm pretty sure you can trust HSBC, after all they are a pretty huge bank.

Trying it now. I would say HSBC is a trustworthy bank and putting your $ in there should be safe enough.
Plus 4.25% ain't too bad for a reputable bank.

HSBC is a very reputable worldwide bank. The interest rate is one of the highest - especially for a no minimum and monthly fee free savings account. If I actually used a savings account, I would open one with HSBC.

So can anyone tell me if I would be able to send and received payments to the savings account if I were to set an account up for my exchange service? Thanks.

Yes, HSBC is a pretty reliable bank. I have a bank account with them too.

You would be required to transfer the funds over to your savings account. I am not 100% sure if that is what you are asking...

I must agreed. HSBC in Singapore is also one of the Top 3 best interest paying bank. most of our local banks are not that near yet as to HSBC.

EDITED

is it available for non-US residences?

I opened a savings account with them the last part of January and I couldn't be happier. I funded my HSBC account by ACH transfer from my local bank. I was also able to hook my HSBC account up with my EMO account so I can send my funds from EMO directly to my HSBC account, and then when I need the funds, move them over from savings to the checking account I also opened with them online.

Right now until April 30th they're paying 4.80%. I received my interest payment a couple days ago and was very pleased with it. Granted, it was only a few cents, but now I know how to figure interest on my account too. All I need to know is my average daily balance. I multiply that by the current rate being offered and divide it by 12 (months) and it worked out to the amount my account was credited with.

They're a little slow at answering emails through their private email system - it usually takes a couple of days for me to get a reply - but considering how many people have accounts with them worldwide, it's probably no wonder.

To find out which countries they offer their services to, go to http://www.hsbc.com/ and at the top you'll see a line that says Visit Your Local Site with a half dozen countries listed. Click on "more" and you'll see a list of quite a few more (from their site: "Our international network comprises over 9,700 offices in 77 countries and territories across the world") they offer services to.

I don't work for HSBC nor am in any way affiliated with them outside of having accounts with them and I'm, overall, very pleased with what I've seen thus far

probably yeah since they are an international bank.

HSBC is one of the best banks.

if you are really serious in investing try the fixed deposit option. you can get high interest rates (they have 3 month fixed deposits too)

Guys, am really interested with this. The debit mastercard, can we use it to verify paypal etc?

Looks like i'm taking a day off from work to go down to HSBC. The 4.25% sounds good plus the HSBC offers they show on TV.....gonna give it a shot

The 4.25% is the interest by year? Here in Brazil interest rate is 3 times that!

I think that if everyone could learn alittle about money and investments we all would be better off.

THE HSBC ACC ONLY USA ,INTERNATIONAL CAN?

I'm jealous! You earn that much while we earn what seems like peanuts. Has anyone in the US open an account with that percentage?

I wonder if HSBC issues no name (only numbered) ATM Debit Card like some other banks do? (like the one offered by BestGoldCard.com)
Anyone knows?

Same with my country couse we are third counry and we need fresh money come into our market so government make 3x rate more than FED (USA).

4.80% is great! HSBC is my favourite bank.

They give you a lot of interest in Brazil because your inflation is higher and you need the foreign investment as somebody else said.

for US resident only??

What do you mean by that?

i think i dont have HSBC account , but my family members has .
Thanks for the suggestion.

What's minimum to open an account with HSBC ?

The HSBC Group, headquartered in London, is one of the largest banking and financial services organizations in the world. HSBC's international network comprises about 9,500 offices in 76 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.

It might also be noted: World’s fifth largest company — Forbes Global 2000 (April 2006)

Minimum to open an online account is $1.

Current interest on "new money" (new deposits from 1/29/07 - 4/30/07): 6.0% APY.

You seem to be happy with them.
Good thing.
I assume you are advocating them as an investment option.

Do you have any knowledge or personal experience with it's Offshore division?
Thank you !

Personally I'll stick with Rabo Bank (private Dutch bank) with 7.6% p.a., on call and compounded monthly Rabo has one of the highest security ratings in the world.

Hi All,

HSBC has one of the best offer around and is a major bank. I bank with them since i moved to hongkong in 2001 and could not be happier. For those of you who can put in a minimum of 20k, they have a great deal offshore at 5.22% for premier customer (5.5% for GBP!!). Sometimes they have special offers, I currently have my money there a 6%!!! Check it out:

http://www.offshore.hsbc.com/1/2/internati...e-saver-account

MY PERSONAL OFFER TO YOU:

If you decide to join HSBC, pls. do it through me, I will refer you and then give you USD50 out of my commission.

Thanks.

I like it! Will register for an acc .

Looks great I will take a closer look

Not bad for a Savings Account at a bank.
I'll be using your lnk later next week.

Thank you!