Synchrony Bank vs HSBC Bank
Synchrony Bank is a good online bank offering high interest rates. How does it compare to HSBC? Read our comparison chart below.
Synchrony Bank offers high interest savings with an ATM card for easy withdrawals. There is no minimum deposit. Their CDs require a $2,000 minimum deposit to open. There are no service fees for any products.
While HSBC is a large multi-national bank that focuses on banking and wealth management services for international high net worth clients. With a global presence in over 64 countries, clients will access privileges around the world.
Compare Synchrony Bank with HSBC, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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| Learn More | Visit Site | |
Synchrony Bank | HSBC Bank | |
|---|---|---|
High Yield Savings - 4.00% APY - | HSBC Premier - | |
Benefits and Features | ||
| Savings | 4.00% APY. No monthly service fee and no minimum deposit. An ATM card is provided for easy withdrawal. Synchrony will refund ATM fees for other banks up to $5 per statement cycle | Premier Relationship Savings: 3.70% APY when you link an eligible Premier checking account and meet one of four eligibility criteria (otherwise 0.05% APY) |
| CD | 0.25% to 4.35% APY. Terms of 3 months to 5 years. No minimum deposit to open. | 3.25% to 3.75% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 3.65%. Minimum deposit of $1,000 to open. |
| Checking | Premier Checking to enjoy premium banking with both local and global benefits | |
| Money Market | 2.00% APY. No monthly service fee and no minimum deposit. | |
| Mobile App | ||
| ATMs | Any ATMs with Plus or Accel logos | Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates. |
| Customer Service | Mon-Fri 8:00 am - 10:00 pm (ET); Sat-Sun 8:00 am - 5:00 pm (ET) | |
| IRA CD | 0.25% to 4.15% APY. Terms of 3 months to 5 years. No minimum deposit to open. | |
| IRA Money Market | 2.00% APY. | |
| Locations | 21 branches in the US; Global presence in more than 64 countries and territories worldwide | |
CreditDonkey® Reviews | ||
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| Pros & Cons | Pros:
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| Bottom Line | Good online bank offering high interest rates... | Full-service global bank ideal for high net worth expats and travelers... |
| Learn More | Visit Site | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Synchrony Bank: Pricing information from published website as of 04/18/2025. HSBC: Data points including rates, fees, terms, and benefits was obtained on 05/08/2025 from published websites and is believed to be accurate, but not guaranteed. | ||
Which is Better: Synchrony Bank or HSBC?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Synchrony Bank or Chase.
Articles on Synchrony Bank
Synchrony Bank Review
Synchrony High Yield Savings Review
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HSBC Bank Review
