HSBC has sent out a new offer that can get you a $375 bonus and a 1-year CD that will earn a 2.5% APY. The offer is targeted and you need to open the account in branch with a unique code.
Offer Requirements
- Get $375 with a new HSBC Advance checking account with qualifying activities.
- Open your new HSBC Advance checking account online by 3/29/2019; and
- Deposit a minimum Qualifying Balance of $10,000 or more in New Money in combined checking and savings accounts within 30 calendar days of account opening; and
- Maintain at least the minimum Qualifying Balance for 90 calendar days from the date you deposited the minimum Qualifying Balance.
- As an Advance customer, you can earn 2.50% APY on a 12-month CD by meeting the following requirements:
- Maintain HSBC Advance relationship
- Open a 12-month CD from January 7, 2019 through and including April 12, 2019 with the stated APY
- Fund with New Money
- CD New Money may be used towards the qualifying balance for the $375 bonus
The bonus will be deposited to your checking account within eight weeks after completing all qualifying activities.
Eligibility
The bonus is available nationwide and accounts can be opened online.
Customers who held an HSBC consumer deposit or investment account from December 28, 2015 through and including December 28, 2018 are not eligible for this offer.
Fees
- Advance Checking
- A monthly maintenance fee of $25 will be incurred if minimum balance or recurring direct deposit requirement is not met.
- $5,000 direct deposit
- $10,000 in combined personal deposit and investment balance
- A monthly maintenance fee of $25 will be incurred if minimum balance or recurring direct deposit requirement is not met.
Guru’s Wrap-Up
This targeted bonus is slightly better than the $350 public bonus. It also comes with the 2.50% APY for a 12-month CD. The good thing about that part is that the balance can be used for the minimum Qualifying Balance of $10,000 or more in New Money that’s required for the $375 bonus and probably to avoid the monthly fee of $25. But a CD with 2.50% APY is not really enticing as nowadays you can get that rate for savings accounts.
Just a warning that HSBC has not been very accommodating to say the least, when it comes to paying out the bonuses. Lots of people have had issues and it takes lots of back and forth to finally get your bonus sometimes. Even the account opening process occasionally takes a very long time.
Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. You can also access bonuses available in your state by visiting dannydealguru.com/tag/NY-bank-bonus/. Just replace NY with your state or with “nationwide”.
And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
