HSBC - $50 + $25 Sign-up Bonuses for Money Market & Savings Accounts

[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]

Checkout the latest deal from HSBC Direct which'll help you to make fat money!

HSBC is offering two sign-up bonuses. A $50 sign-up bonus for their Premium Money Market Plus Account and $25 for a Regular Savings Account. Both offers expire on 31st May, 2008.

• Online Link: Deal & Details
  

• $50 Sign-up Bonus:
• To qualify for $50 cash gift, you must open a Premium Money Market Plus Savings Account with an initial deposit of $3,000 of new money. New money means funds not previously held by any member of the HSBC Group.
  
• Only customers with an Interest Checking, Interest Checking Plus, EmployeePlusSM, Interest Free Checking or HSBC Premier checking account are eligible to open a Premium Money Market Plus account.
  
• APY is variable and subject to change at any time. The Annual Percentage Yield (APY) and balances which are accurate as of May 2, 2008 on Premium Money Market Plus Savings Accounts are;
• 0.20% APY on balances of $1.00 or more but less than $15,000;
  
• 0.85% APY on balances of $15,000 or more but less than $50,000;
  
• 1.25% APY on balances of $50,000 or more but less than $75,000;
  
• 1.50% APY on balances of $75,000 or more.
  

• $25 Sign-up Bonus:
• To qualify for the $25 cash gift, you must open a Regular Savings Account with an initial deposit of $500 of new money and authorize automatic transfer of $10 or more from your HSBC checking account to your HSBC savings account. New money means funds not previously held by any member of the HSBC Group.
  
• APY is variable and subject to change at any time. The Annual Percentage Yield (APY) and balances which are accurate as of May 2, 2008 on Regular Savings are 0.10% on balances of $100 or more in Upstate New York and $25 or more elsewhere.
  

• Bonus Details & Limitations:
• If you qualify for one of the above offers, the money will be deposited in your new savings account within 6 to 8 weeks after requirements are met.
  
• Limited to one (1) offer per household.
  
• Offer expires 5/31/2008 and cannot be combined with other offers.
  
• Fees may reduce earnings on the account.
  
• Available for consumer accounts only.
  
• Cash bonus is considered interest income and will be reported on IRS Form 1099-INT.
• HSBC reserves the right to charge your savings account an amount equal to the bonus unless the new deposit account remains open and active for at least 180 days.

These accounts are not attractive so far as APYs are considered. But it makes a good investment to open them for earning the sign-up bonuses and close them after 180 days (so that we don't forfeit our bonuses as fees).

We look forward to your feedback and experiences about this deal from HSBC.

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