One of my old posts, Still Paying Banking Fees?, attracted lots of traffic and I am still getting emails from readers asking if any updates are available. That’s why I decided to write this post today and I am going to discuss HSBC Direct Savings Account, which seems to be offering some cool features.

HSBC Direct Savings Account is currently offering a very attractive interest rate. Let’s look at its major features at a glance.

• Interest rate is 4.25%

• No monthly/transaction fees.

• No minimum required.

• Manage your account through internet/telephone/designated BMO ABM

• FREE pre-authorized debits and bill payments

To view all features, click here – HSBC Direct. Couple of things I would like mention here. HSBC Direct Savings Account is pretty much like President’s Choice Interest Plus Savings Account except it offers little higher interest rate. President’s Choice Interest Plus Savings Account currently offers 4.10% interest(on a daily balance above $1,000) and you can use CIBC bank machines. If you combine President’s Choice Checking Account with President’s Choice Interest Plus Savings Account – you will have a free powerful banking solution. Check both HSBC Direct Savings Account and President’s Choice Interest Plus Savings Account and decide which one best suits your needs.