HSBC is offering an Online Savings Account that currently yields 3.50%.  The minimum opening balance is $1.00, there are no monthly fees, no minimum balance requirements and you do not have to opening a checking account.  The really good thing about this Online Savings Account is you can make deposits and withdrawals at HSBC ATM in the United States.

The offer is avalible until 8/15/08 and the online savings account is FDIC insured up to $100,000.

HSBC Online Savings Account Application