Finding high interest savings accounts is the primary goal of Smart Savings 101.  If you are looking for the right online savings account for you to invest your money, this is the right place.  Since the creation of the Internet, online banking has revolutionized the banking industry.  Today we are going to look at one of these revolutionary online banking institutions.  We will be reviewing the HSBC high interest savings accounts.

HSBC has a great online savings account.  HSBC offers many different high interest rate savings vehicles, including a HSBC checking account, HSBC money market accounts, and HSBC cds.  Despite having all of these great high interest rate savings accounts, today we are going to focus on the HSCB savings accounts.

The HSBC online savings account offers a very healthy interest rate.  It might not always be the highest interest savings account but it is always very competitive.  I hate to quote interest rates, because they change quite often.  As I am writing this post, the HSBC savings account interest rate is 3.05%.  However, you should check out the HSBC website to find out the current interest rates.

HSBC’s savings account has a $1 minimum deposit to open an account.  If you don’t have a minimum of $1 to open a new HSBC savings account then you really need to start saving money.

HSBC also boasts about not having any fees attached to their savings account program.  This is very important.  You will never be able to save money if your bank is charging you fees all the time.

One of the biggest fees that make your savings accounts lose money is the dreaded ATM fee.  HSBC will provide you with a debit card that allows you to use HSBC ATM machines and non-HSBC ATM machines.  If you use a non-HSBC ATM machine, you will be reimbursed up to three times a month for your ATM usage.  However, please note that HSBC will only reimburse up to $3.00 for each transaction.  This is ok as most ATM fees are less than $3.00.

If you are looking for a savings account, you need to head on over to HSBC’s website and check out the HSBC high interest savings accounts.