HSBC Advance, formerly known as HSBC Direct which is the online banking arm of HSBC is advertising 1 special 12 month CD rate. Their 12 month certificate of deposit rate is the best CD rate available but it’s above the national average 12 month CD rate.

The current 12 month CD rate is 1.24 percent with an annual percentage yield of 1.25 percent. The national average 12 month CD rate is only 1.001 percent as to today.

Here is a list of current CD yields at HSBC Advance:

• 6 Month CD .50% APY
• 9 Month CD .75% APY
• 12 Month CD 1.25% APY
• 18 Month CD 1.01% APY
• 24 Month CD 1.10% APY
• 30 Month CD 1.10% APY
• 36 Month CD 1.60% APY
• 48 Month CD 2.00% APY

Certificate of deposit accounts are insured by the FDIC for up to $250,000. The early withdrawal penalty is equal to 30 days simple interest.

HSBC Advance CD Rates and CD Yields: HSBC Advance