Open A High Yield Savings Account With $1

Do you know what the interest rate is on your savings account? Is it more than 1.65% APY? If not and if you have more than a single dollar, you can open a high yield savings account at HSBC Direct and earn 1.65% APY. The days of a bank requiring you to have $1,000 or even $500 to open an account and avoid fees are over.

There are a ton of high yield savings accounts that offer great yields, no fees, and only require a single dollar to open an account. They also offer certificates of deposit, CDs, with similarly low minimum account balance requirements and you should take advantage. I know the interest rates aren’t exceptional right now, with the Fed trying to keep rates as low as possible, but getting 1% is infinitely better than 0%.

What’s stopping you from opening an account? Hopefully nothing!