– A $20K Grand Prize and $50K in Total Prizes Available
– Deposits Into New High-Yield Online CDs Also Earn Entries –
NEW YORK– LAWFUEL – Business & Legal Announcements –HSBC Bank USA, N.A., the U.S. banking unit of one of the world’s largest financial services companies, today announced that HSBC Direct has launched the $20K Dash Savers Sweepstakes, with a total prize pool of $50,000.
Current customers will earn one automatic entry for every $250 net increase in their HSBC Direct deposit accounts, including in the just-launched collection of HSBC Direct Online CDs. Additional entries may be earned for every week during the campaign that customers maintain or increase balances1.
The sweepstakes is currently underway and entries can be earned through November 30, 20072, when six HSBC Direct customers will be eligible to win one of the following prizes:
One $20,000 Grand Prize
One $10,000 First Prize
Four $5,000 Second Prizes
“This sweepstakes is another way for HSBC Direct to recognize our savings-savvy customers for doing what is second nature to them – actively increasing their savings,” said Michael Prebenda, senior vice president, HSBC Direct. “We challenge customers to put away that extra something during this time, and utilize our suite of savings products to help them reach that savings goal, whatever it may be.”
The $20K Dash Savers Sweepstakes accompanies the introduction of a new collection of HSBC Direct high-yield Online CDs, which allow customers to lock in their funds at great rates for up to nine months. HSBC Direct is offering six and nine month Online CDs, with yields up to 4.85% APY3, as an additional means to help savers continue to maximize their money at all times, and guarantee a high yield well into 2008.
“HSBC Direct is committed to growing our offerings to meet the needs of our savings-centric customers, and the HSBC Direct Online CDs are the most recent addition,” added Prebenda. “Savers can now select a powerful savings combination, by locking in a portion of their funds in an HSBC Direct Online CD, and keeping other cash in an HSBC Direct Online Savings or Online Payment Account, to finance short-term purchases, as well as everyday payments and bills.”
To learn more about HSBC Direct’s $20K Dash Savers Sweepstakes, and HSBC Direct’s Online CDs, visit www.hsbcdirect.com.
About HSBC USA
HSBC USA has nearly 450 bank branches throughout the United States, with about 400 in New York State and a growing network of branches in New Jersey, Florida and California. The bank also has branches in Delaware, Washington, D.C., Washington state, Pennsylvania, and Oregon. It is the principal subsidiary of HSBC USA Inc., an indirectly-held, wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC USA Inc. one of the nation’s 10 largest bank holding companies by assets.
HSBC Direct is HSBC Bank USA’s online-only banking business that offers deposit accounts with highly competitive interest rates and no monthly fees. For more information or to open an HSBC Direct Online Savings Account, visit www.hsbcdirect.com.
1 No purchase or transaction necessary. Sweepstakes begins on 10/6/07 and ends on 11/30/07. Open to legal residents of the Continental United States 18 years of age or older who are HSBC Bank USA, N.A. customers with a valid HSBC Direct Online Savings Account, HSBC Direct Online Payment Account or HSBC Direct Online CD Account as of 10/5/07 5:30PM. Full official sweepstakes rules are available at hsbcdirect.com/20kdash
2 Winners will be selected and notified in early January 2008.
3 Annual Percentage Yield (APY) is accurate as of 10/4/2007. A penalty will be imposed for early withdrawal. Offer applies for initial term of qualifying HSBC Direct Online CDs. 6-Month HSBC Direct Online CDs: Minimum balance to open and obtain 6-Month HSBC Direct Online CDs: Minimum balance to open and obtain 4.60% APY is $5,000; 4.85% APY is $25,000. 9-Month HSBC Direct Online CDs: Minimum balance to open and obtain 4.50% APY is $5,000; 4.60% APY is $25,000. APY is variable and subject to change. This offer cannot be combined with other promotional offers and is non-transferable. Offer subject to change without notice. These balance requirements and APYs will apply only to accounts opened through HSBCdirect.com.