- 1. How is HSBC Direct Savings Account different from other savings accounts?
- 2. How is HSBC Direct Savings Account different from CMA?
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 How is HSBC Direct Savings Account different from other savings accounts?- Compared to ordinary savings accounts with an APY of 0.2%~0.3%, we offer you high interest rates with no minimum balance and lock up period requirements.
In addition, there are no transfer fees involved via internet and phone banking and our internet and phone banking services are available 24/365. By streamlining our operation channels, we are passing along all cost savings to you in the form of better rates and benefits. Go to Interest rate detail
- How is HSBC Direct Savings Account different from CMA?
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A Cash Management Account (CMA) is a financial product provided by merchant banking companies or securities companies. You can deposit and withdraw funds at your CMA account just as you freely as you can with your HSBC Direct Savings Account. Not all CMA products are the same and each company offers different features and benefits. CMA accounts offered by securities companies are not insured by KDIC and are usually linked to another MMF or RP product.
In comparison, HSBC Direct is a savings account that allows you more transaction freedom than a CMA account. Enjoy competitive interest rates with no transfer fees.
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