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HSBC Online Savings rate is now at 5.05%

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Originally posted by: psteng19
4.8% is official according to their website.
Text

Doesn't say anything about existing balance or new transfers so it looks like existing balances will be earning 4.8% as well.
Sweet!
Click to expand...
No, it's new accounts only.
* Annual Percentage Yield (APY) is offered on accounts opened through 04/30/06. After 4/30/06, all deposits will earn the variable APY available at that time. Minimum balance to open an account is $1.00.
Click to expand...
 
Originally posted by: middlehead
Originally posted by: psteng19
4.8% is official according to their website.
Text

Doesn't say anything about existing balance or new transfers so it looks like existing balances will be earning 4.8% as well.
Sweet!
Click to expand...
No, it's new accounts only.
* Annual Percentage Yield (APY) is offered on accounts opened through 04/30/06. After 4/30/06, all deposits will earn the variable APY available at that time. Minimum balance to open an account is $1.00.
Click to expand...
Click to expand...

You sure?
I interpret that as saying, all accounts (new or existing) will get the 4.8% APY now until 4/30/06.
After 4/30/06, all accounts will receive the regular APY at that time, whatever % it may be.
 
I think your definition of the the word Through is what's confusing this. Through means anything up to that date and everything prior, there is no mention of "new accounts" or a start date. Members are also starting to receive email notification of the increase.


Cheers
 
Originally posted by: middlehead
Originally posted by: psteng19
4.8% is official according to their website.
Text

Doesn't say anything about existing balance or new transfers so it looks like existing balances will be earning 4.8% as well.
Sweet!
Click to expand...
No, it's new accounts only.
* Annual Percentage Yield (APY) is offered on accounts opened through 04/30/06. After 4/30/06, all deposits will earn the variable APY available at that time. Minimum balance to open an account is $1.00.
Click to expand...
Click to expand...

Announcing your 4.80% APY* Fat Savings Bonus.

After watching your savings grow BIGGER - you now have an extra incentive to make your money even FATTER.

Starting today through April 30, 2006, your HSBCdirect.com Online Savings account will earn a MASSIVE 4.80% APY*.

We apply this HUGE rate to your entire balance - not just new deposits or new accounts.

No arbitrary minimums. No hidden fees. No disclaimers. No kidding.

So get GIGANTIC with the 4.80% APY* Fat Savings Bonus and move more money into your HSBCdirect.com Online Savings account today!
 
Dear :

We are writing to let you know that beginning May 1, 2006, your HSBCdirect Online Savings Account rate will change to 4.50% APY**. This is one of America's leading rates and still 8x the national average*, so you can continue to watch your money grow.

With HSBCdirect.com, there are no fees, no minimums, no lock-up period, and your money is FDIC insured.? You can stay confident your money is in the right place and earning the most it possibly can.

Add more money to your HSBCdirect Online Savings Account today at www.hsbcdirect.com and make the most of your savings.

Thanks for growing your money with HSBCdirect.

Your HSBCdirect Customer Service Team

? HSBCdirect.com Online Savings Account offered by HSBC Bank USA, N.A. Member FDIC.

* National Savings Average courtesy of Bankrate.com as of 04/28/06.

** Annual Percentage Yield (APY) is accurate as of 05/01/06. APY is variable and subject to change after account opening. Minimum balance to open an account is $1.
 
Beat me to it. i was just going to post the increase to 4.5% from their 4.25%, which was before the 4.8% special
 
ok, i'm sold, opened up an account... should i close my emigrant direct account? jsut started the process... had to go through it twice...
 
Didn't read the whole thread but I just opened up a money market account at 4.7%+ APY (yield, rate is 4.6%+) at a local bank. You can negotiate with your local banks. Find either a credit union or a small and friendly bank. They gave me the business rate for a personal account basically. This way I have branches to visit as well.

If you're looking for short term, a money market is the way to go. Just shop around. If you barely have any money you probably won't have any pull and these internet savings accounts will be your best bet but if you've got a fair amount the local banks will listen to you. It's your money. Treat opening up an account like buying a car. Ask questions, walk away, come back, and don't settle for the 2%-3% crap they'll throw at you.
 
Originally posted by: astrocase
Didn't read the whole thread but I just opened up a money market account at 4.7%+ APY (yield, rate is 4.6%+) at a local bank. You can negotiate with your local banks. Find either a credit union or a small and friendly bank. They gave me the business rate for a personal account basically. This way I have branches to visit as well.

If you're looking for short term, a money market is the way to go. Just shop around. If you barely have any money you probably won't have any pull and these internet savings accounts will be your best bet but if you've got a fair amount the local banks will listen to you. It's your money. Treat opening up an account like buying a car. Ask questions, walk away, come back, and don't settle for the 2%-3% crap they'll throw at you.
Click to expand...

how much is barely? ...


also: just checked ING they must be trying to compete went up 4.15%

but thats still shy of 4.5% ... getting ready to move my money!
 
I opened up an acct maybe like a month ago and I got my $25 and my 4.8% interest allready.... I love having the bank2bank transfer option so I can move my money from bank to bank using HSBC as the hub (saves me a trip to my credit union thats a couple exits away... =).. ) best of all the service is FREEEEEEEE....thats unless your other banks charge you for doing a bank2bank transfer... the 2 banks Im using to transfer funds from are University federal credit union and wellsfargo and they both dont charge any fees for recieving or sending funds using HSBC.

Thumbs up for HSBC so far!!

 
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