YIELD ON SAVINGS:
5.05%, no minimum
5.05%, no minimum
YIELD ON CHECKING:
2.5%, no minimum
2.5%, no minimum
ATM REIMBURSEMENT: Free at HSBC ATMs, plus automatic reimbursement for three withdrawals a month outside the network.
CHECK WRITING: No
Unlike many online banks, HSBC Direct doesn't require a minimum balance to earn interest on checking.The bank's "online payment account" pays interest regardless, just like its savings account.
One warning: While free online bill payment is available, paper checks are not an option.