HSBC; Alyssa Powell/Business Insider The HSBC Direct Savings Account is an online-only account known for its competitive APY and low costs. HSBC Direct provides 24/7 live chat on its website and mobile app, or you can call customer support seven days a week, from 7:00 a.m. to midnight ET. HSBC Direct doesn’t charge monthly service or excess transaction fees, and it only requires $1 for an opening deposit. Its mobile app is poorly reviewed, so if you plan to bank with your phone regularly, you may want to open a savings account with another institution. See Business Insider’s picks