New HSBC Account Bonuses

HSBC has added a couple of Account Opening Bonuses for their Checking and Savings accounts.

HSBC is offering some new account bonuses.

Get $50 when you open a Premium Money Market Plus Savings Account with a qualifying deposit. To qualify for $50, you must open a Premium Money Market Plus Savings Account with an initial deposit of $1,500 of new money by 7/31/08. Their is a tiered interest rate on this account with the lowest being .20% for balances less than $15,000.

get $25 when you open a Regular Savings Account with a qualifying deposit and sign up for automatic transfer. To qualify for the $25, you must open a Regular Savings Account with an initial deposit of $500 of new money by 7/31/08. The current interest rate on this account is 0.10% for balances greater than $100.

Check out the Bonus Page for more details.

Unless you are putting millions into these accounts (why would you want to), the interest rate is pretty pathetic. Just open these accounts for the bonuses. Not sure why they are promoting these accounts since their Online Savings Account is getting 3.5% APY right now. I guess they are banking on the fact that people don’t know about it.