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Frontpage SLICKDEALS BONUS Advertiser Disclosure

HSBC Direct Savings Account: Earn 2.30% APY + Extra Expired

$125 SD Bonus
Member FDIC
+254 Deal Score
396,354 Views
Update: Last chance to signup for this offer (ends today 7/22/19)

HSBC, our partner, has the following offer for the HSBC Direct Savings account.

HSBC Direct Savings
  • Earn 2.30% APY on all balance tiers
  • Get More from Your Tax Return
  • No monthly maintenance fee
  • Minimum balance to earn APY is $1
  • Member FDIC
Additional Slickdeals Bonus

Slickdeals is offering an additional $125 when you are approved for the HSBC Direct Savings account after applying through the Apply Now button, or clicking on any link in this thread.

Note: the $125 bonus will be sent to your PayPal account within 60 days after you are approved and submit this form. You must submit this form within 4 weeks of being approved.

To qualify for the additional bonus, please follow these steps:
  • Step 1: Make sure you are logged into Slickdeals when you click the the green Apply Now button above. If you are in Classic view, click either of the links at the top of the thread. If you do not have a Slickdeals account, please sign up before applying for this card. You can do this here.
  • Step 2: One you're logged into your Slickdeals account, click the the green Apply Now button, or the links at the top of the post, and apply for the HSBC Direct Savings account. You must apply through the link on this page in order to receive the $125 bonus.
  • Step 3: Do not close the HSBC application window prior to finishing your application. Closing the window may make you ineligible for the $125 bonus.
  • Step 4: If you are approved for the HSBC Direct Savings account, please submit this form with your Slickdeals username and your PayPal email address. You should expect to receive your $125 bonus via PayPal within 60 days after submitting this form.
The $125 bonus offer is provided solely by Slickdeals and is unrelated to any benefits or offers provide by HSBC. HSBC is not responsible for the $125 bonus.

Slickdeals is pleased to make this offer available to you. Please follow the instructions carefully to help avoid any processing issues.

For questions related to this bonus offer, please email [email protected]


To make sure we can process your offer please ensure the following:
  • Make sure you are logged into Slickdeals.
  • Whitelist Slickdeals in AdBlock.
  • Make sure cookies are enabled in your browser.
  • Complete your application in one browsing session.
  • Make sure we are your last click to the advertiser.

Original Post

Written by
Edited July 22, 2019 at 10:01 AM by
HSBC, our partner, has the following offer for the HSBC Direct Savings account.

HSBC Direct Savings
  • Earn 2.25% APY on all balance tiers
  • Get More from Your Tax Return
  • No monthly maintenance fee
  • Minimum balance to earn APY is $1
  • Member FDIC
Additional Slickdeals Bonus

Slickdeals is offering an additional $125 when you are approved for the HSBC Direct Savings account after applying through the Apply Now button, or clicking on any link in this thread.

Note: the $125 bonus will be sent to your PayPal account within 60 days after you are approved and submit this form [formstack.com]. You must submit this form within 4 weeks of being approved.

To qualify for the additional bonus, please follow these steps:
  • Step 1: Make sure you are logged into Slickdeals when you click the the green Apply Now button above. If you are in Classic view, click either of the links at the top of the thread. If you do not have a Slickdeals account, please sign up before applying for this card. You can do this here.
  • Step 2: One you're logged into your Slickdeals account, click the the green Apply Now button, or the links at the top of the post, and apply for the HSBC Direct Savings account. You must apply through the link on this page in order to receive the $125 bonus.
  • Step 3: Do not close the HSBC application window prior to finishing your application. Closing the window may make you ineligible for the $125 bonus.
  • Step 4: If you are approved for the HSBC Direct Savings account, please submit this form with your Slickdeals username and your PayPal email address. You should expect to receive your $125 bonus via PayPal within 60 days after submitting this form [formstack.com].
The $125 bonus offer is provided solely by Slickdeals and is unrelated to any benefits or offers provide by HSBC. HSBC is not responsible for the $125 bonus.

Slickdeals is pleased to make this offer available to you. Please follow the instructions carefully to help avoid any processing issues.

For questions related to this bonus offer, please email [email protected]
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score
+254
396,354 Views
$125 SD Bonus
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

1,358 Comments

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Featured Comments

Still haven't gotten the $150 Slickdeals rebate from the AMEX card deal from a month back...
Vanguard money market is about 2.49% or so currently. Places like Cit bank is around 2.45%. Other places have 2.3-2.4%ish accounts. Purepoint has a no-penalty CD at 2.6%

But with 20K to play with, you may be better off doing the bank bonus game -- Discover/Capital One/HSBC checking/Citi and so on.
I checked our system and your approval is showing up on 3/8. You should receive payment by early next week.

Sign up for a Slickdeals account to remove this ad.

Joined Apr 2015
L6: Expert
> bubble2 1,051 Posts
334 Reputation
DaronMax
04-16-2019 at 01:25 PM.
04-16-2019 at 01:25 PM.
Apply yesterday afternoon. They make 2 initial test deposits this morning. And I verify those deposits this afternoon. Still waiting for approval. Hopefully I will get approved and my account get funded tomorrow. So that I can submit the slickdeal cashback form.
Reply
Joined Jan 2012
L3: Novice
> bubble2 259 Posts
26 Reputation
Col127
04-16-2019 at 02:24 PM.
04-16-2019 at 02:24 PM.
Do they check your credit line.? Would this be a hard or soft pull?
Reply
Joined Jul 2014
L6: Expert
> bubble2 1,364 Posts
159 Reputation
dealdigger101
04-16-2019 at 03:46 PM.
04-16-2019 at 03:46 PM.
Regular offer is 350, SD is making some mullah here....
Reply
Joined Mar 2019
New User
> bubble2 1 Posts
10 Reputation
Jordan2009
04-16-2019 at 04:37 PM.
04-16-2019 at 04:37 PM.
Quote from dealdigger101 :
Regular offer is 350, SD is making some mullah here....
$350 is for the Advance Checking account.
Reply
Joined Dec 2007
L7 Love Machine
> bubble2 1,070 Posts
298 Reputation
Naota
04-17-2019 at 08:38 AM.
04-17-2019 at 08:38 AM.
They need a competitive checking account rate like Alliant Credit Union. If they had that I would be all over this.
Reply
Joined Oct 2018
L4: Apprentice
> bubble2 357 Posts
528 Reputation
AmusedIdea8770
04-17-2019 at 11:42 AM.
04-17-2019 at 11:42 AM.
I am not yet an HSBC customer. I think it would be best to open an advanced checking first then this directs saving to get both 350 + 125 bonuses.
Reply
Joined Sep 2012
L3: Novice
> bubble2 280 Posts
38 Reputation
mac87
04-17-2019 at 06:21 PM.
04-17-2019 at 06:21 PM.
Applied last Saturday, still waiting for an approval.
Reply

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Joined Aug 2007
L6: Expert
> bubble2 1,596 Posts
240 Reputation
dealmaster98
04-17-2019 at 08:14 PM.
04-17-2019 at 08:14 PM.
Quote from mac87 :
Applied last Saturday, still waiting for an approval.

Typical HSBC - very slow and poor service. Much better ways to earn bonus are with US-based banks...
Reply
Joined Apr 2019
New User
> bubble2 2 Posts
10 Reputation
isppilot
04-17-2019 at 09:07 PM.
04-17-2019 at 09:07 PM.
Anyone else get this response when applying?

"Thank you for your interest. Your application was declined as we were unable to verify your source of initial deposit required to open your account."

Unfroze my credit files. Don't see a number or email to dispute this. HSBC has a reputation for horrible customer service so not sure that I want to call unless someone has a workaround. Thanks.
Reply
Joined Sep 2012
L3: Novice
> bubble2 280 Posts
38 Reputation
mac87
04-17-2019 at 09:50 PM.
04-17-2019 at 09:50 PM.
Quote from dealmaster98 :
Typical HSBC - very slow and poor service. Much better ways to earn bonus are with US-based banks...
Not really. I applied for HSBC Checking couple weeks ago and was approved right away so I'm not sure what's taking that long this time.
Reply
Joined Oct 2003
Never Enough Toys
> bubble2 863 Posts
138 Reputation
Taco
04-18-2019 at 06:11 AM.
04-18-2019 at 06:11 AM.
My app took a couple days to be approved...

I had an account with them about a dozen years ago. I closed it after about 6 months of trying unsuccessfully to set up online banking. At that time they would mail you a letter with a code that expired in a few days. They did not understand living on a college campus delayed mail delivery. I see they have progressed a bit but have not gotten easier to work with... Enter your birthdate? Two different passwords?

Account is open, and I'm happy about the impending bonus, but I doubt this account is going to the forefront.
Reply
Joined Aug 2007
L6: Expert
> bubble2 1,596 Posts
240 Reputation
dealmaster98
04-18-2019 at 09:28 AM.
04-18-2019 at 09:28 AM.
Quote from mac87 :
Not really. I applied for HSBC Checking couple weeks ago and was approved right away so I'm not sure what's taking that long this time.

Well my experience last year was totally opposite - it sat pending approval for 2 weeks. When I tried to call to find out status, the phone system was hell and nobody was able to help. So if you get approved right away, then great. Otherwise, don't bother. Your time and aggravation are not worth $125. I only tried last year since the bonus was like $300 or something...
Reply
Joined Dec 2010
L8: Grand Teacher
> bubble2 3,432 Posts
861 Reputation
Fogmoose
04-18-2019 at 10:36 AM.
04-18-2019 at 10:36 AM.
Quote from Namelessme :
I don't see why not. And since you have been a customer, you may even have an easier time signing up for it... might only take like a week or so to get approved.

Just be prepared for a signup that feels like you are applying for a top secret job with high level security clearance.
This. I already have checking and Credit Card accounts with HSBC and it STILL took over a week to get the email and even longer for the initial deposit to go through. I am also very dubious about SD even sending me the bonus, but what the hell I figured I'd give it a shot. Worst case I still earn 2.2 % for 6 months on my $500 then close the account.
Reply
Joined Feb 2008
L9: Master
> bubble2 4,346 Posts
1,106 Reputation
Namelessme
04-18-2019 at 11:45 AM.
04-18-2019 at 11:45 AM.
Quote from Fogmoose :
This. I already have checking and Credit Card accounts with HSBC and it STILL took over a week to get the email and even longer for the initial deposit to go through. I am also very dubious about SD even sending me the bonus, but what the hell I figured I'd give it a shot. Worst case I still earn 2.2 % for 6 months on my $500 then close the account.
It took me about 2-3 weeks to get approved. And I also had a checking and cd account already. Most online banks take about 10 seconds to set up and approve an account. Time is measured in seconds, not days or weeks.

I'm not sure if the requirements have changed, but I don't think there is a min. for the direct savings acct. I just transferred over a mighty $2 and it still worked.
Reply

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Joined Jan 2010
L5: Journeyman
> bubble2 774 Posts
1,179 Reputation
epicd2012
04-18-2019 at 01:54 PM.
04-18-2019 at 01:54 PM.
Where are external account transfers in the mobile app? I could find them after digging around a bit on the PC site, but don't see them in the app. Very clunky UI.

I wish I could just use Google Authenticator instead of their stupid app. Because I opted in for enhanced security I now have to use a password in the app to get a key to enter into the site with a 2nd password and birthdate to login to my account.

My credit union handles this 10x better than HSBC. They need to go back to the drawing board with their security, website and app.
Reply
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