HSBC Bank is a large multi-national bank and offers several checking accounts for different needs.

HSBC Direct is the online banking operation and offers high interest savings for just a minimum deposit of a dollar with no service fees.

Albeit, Synchrony Bank offers one of the highest interest savings including an ATM card for withdrawals.

There are no services fees as well is a minimum deposit. However, their CDs requires a $2,000 minimum deposit to open.

Continue reading below for a more in-depth look for both HSBC Bank and Synchrony Bank. You can choose to see which one fits your needs the most.

TOP HSBC BANK PROMOTIONS
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PROMOTIONAL LINK	OFFER	REVIEW


	HSBC Bank	Synchrony Bank
Locations	Over 240 branches on the East and West Coasts HSBC Direct- Online only	Online based banking
ATMs	HSBC ATMs in U.S.; HSBC ATMS abroad may incur additional fees and foreign conversion rates.	Any ATMs with Plus or Accel logos
Savings	5/5	5/5
CD	N/A	5/5
Checking	5/5
Money Market	N/A	4/5
Customer Service	4/5	4/5
Mobile App	N/A
Pros	-Global presence -High online savings APY	-Savings with ATM card -High APY -All balance tiers receive same rate
Cons	-Not in every state	-No checking account -High APY -All balance tiers receive same rate
Bottom Line	HSBC offers a full array services like high-yield online savings and several checking options.	Synchrony Bank offers competitive rates for their savings and CDs accounts.

Table of Contents

HSBC Advance checking accountHSBC Premier checking accountHSBC Direct Savings account

Which Bank is Better: HSBC or Synchrony Bank?

In summary:

HSBC is a well known bank with a solid reputation. They offer competitive rates on their online savings account!
Synchrony Bank offers several banking options not only that their APYs is considered one of the higher rates in the industry. However, they fall back on limited customer service.

For more variety of options, see our list of the best bank account bonuses & savings account offers.

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