Website: http://us.hsbc.com

Authority: HSBC USA, N.A is a major bank holding company with the United States. It is part of the North American operations of HSBC Holdings, the major UK banking and financial services company which operates in 84 countries. As at January 2011 it has 470 branches in 13 states including 375 branches in NY State and other presences in NJ, CT, CA and FL.

How to open a HSBC Certificate of Deposit:

- New customers and existing customers can make a CD online application directly from the bank website on the internet: http://us.hsbc.com

- You can also open one at a local HSBC branch; you can find your nearest HSBC branch from the HSBC USA website.

- You may also call 1-800-975-HSBC (4722) for assistance with opening up your CD product.

What information you may require for your application to open a US HSBC CD Account:

- You may be required to provide at least the following for the online application: you�re Tax ID Number, state DMV ID card or issued driver's license, resident alien (green card), passport information and social security. You must also be a U.S resident with a minimum age requirement of 18 years of age.

Information to consider when for HSBC 1 Year CD Rates:

HSBC like other bank holding companies may use deposits as a primary funding source. This deposit source may include retail, institutional and corporate customer deposits. When determining its time deposit accounts which include primarily certificates of deposits, it is highly affected and influenced by the monetary policy decisions and forecasts of the Federal Reserve (the US central bank). Also HSBC USA business model for net interest margins on deposits, competiveness of deposits with other banks, liquidity and funding requirements and bank regulations also influence the rate it sets for interest bearing deposits with fixed maturities such as its one year CD interest rates.

This interest rate is for '12 Months - online cd' with minimum balance to open the account is $1000 and $1000 minimum to maintain APY.