HSBC up to 4.25%!

[Syringer]

Starting this holiday season, we?re giving you something special ? we?ve increased the interest rate on your HSBC Online Savings Account to a big, fat 4.25% APY*.

Whoo

 

[Zim Hosein]

Spider!

 

[Taggart]

repost

 

[Caesar]

ING only at 3.75%

 

[dartworth]

paypal

Currently earning 4.20%

 

[mwtgg]

7-Day Yield: 3.98%

 

[dartworth]

4.20% is the 7-day average yield as of 12/20/2005 for the Paypal money market fund...

 

[mwtgg]

Originally posted by: dartworth
4.20% is the 7-day average yield as of 12/20/2005 for the Paypal money market fund...

Its fees are a bit too high for my liking.

 

[austin316]

does HSBC have any min. or fees? or is it just as good as ING with a higher APY?

 

[Specop 007]

I honestly dont see why people worry so damned much about it.
Seriously, how many of you have hundreds of thousands to where that interest rate really equates to something meaningful?

 

[ghostman]

Originally posted by: Specop 007
I honestly dont see why people worry so damned much about it.
Seriously, how many of you have hundreds of thousands to where that interest rate really equates to something meaningful?

You don't like free money? $1000 in the bank gets you ~$40 extra spending money every year. $20000 gets you ~$850 extra spending money every year.

Besides, it's not that you're really "making money" off this. It's preventing inflation from eating away the real value of your money.

 

[ghostman]

Originally posted by: austin316
does HSBC have any min. or fees? or is it just as good as ING with a higher APY?

HSBC has a $1 minimum and no fees that I know of. I have both HSBC and ING (I signed up for ING for the free $25 referral).

I believe both limit you to 6 withdrawals a month (unlimited deposits, of course).

HSBC also gives you access to your money thru ATM, so it's more liquid. HSBC's sign-up process is a lot longer and intrusive in terms of the info they ask for. Plus, ING has the $25 referral which, based on how much money you have in the bank, may outpace the higher HSBC interest for quite a while.

 

[Specop 007]

Originally posted by: ghostman

Originally posted by: Specop 007
I honestly dont see why people worry so damned much about it.
Seriously, how many of you have hundreds of thousands to where that interest rate really equates to something meaningful?

You don't like free money? $1000 in the bank gets you ~$40 extra spending money every year. $20000 gets you ~$850 extra spending money every year.

Besides, it's not that you're really "making money" off this. It's preventing inflation from eating away the real value of your money.

I'm talking about ohhing and ahhin over small increases.
Lets assume 1,000. Whats the difference between ING's 3.75% and this 4.25%?

I'm sorry, but the equivelent of a pack a smokes aint something I'm going to get a boner over.
And even if I did have enough money to *really* matter (Say, $250,000) it sure as hell wouldnt be sitting in a savings account anyways.

So yes, interest rates are alwasy nice to have but I certainly dont care if A offers 4.25, B offers 3.75 and C offers 3.5.
I'll open my account with A obviuosly but if over times it changes around to where A has the lowest frankly I just dont really care.

 

[Taggart]

Originally posted by: Specop 007

equivelent of a pack a smokes aint something I'm going to get a boner over.

:laugh:

What DOES give you a boner?

 

[ghostman]

Originally posted by: Specop 007

Originally posted by: ghostman

Originally posted by: Specop 007
I honestly dont see why people worry so damned much about it.
Seriously, how many of you have hundreds of thousands to where that interest rate really equates to something meaningful?

You don't like free money? $1000 in the bank gets you ~$40 extra spending money every year. $20000 gets you ~$850 extra spending money every year.

Besides, it's not that you're really "making money" off this. It's preventing inflation from eating away the real value of your money.

I'm talking about ohhing and ahhin over small increases.
Lets assume 1,000. Whats the difference between ING's 3.75% and this 4.25%?

I'm sorry, but the equivelent of a pack a smokes aint something I'm going to get a boner over.
And even if I did have enough money to *really* matter (Say, $250,000) it sure as hell wouldnt be sitting in a savings account anyways.

So yes, interest rates are alwasy nice to have but I certainly dont care if A offers 4.25, B offers 3.75 and C offers 3.5.
I'll open my account with A obviuosly but if over times it changes around to where A has the lowest frankly I just dont really care.

I see. I agree with that. I opened my account with ING when it was the highest. And I never bothered to transfer the money to HSBC now that it is the highest.

 

[swimscubasteve]

I keep 30,000 of CC 0% loans in ING and so I think I need to move my money to HSBC.

 

[hevnsnt]

Originally posted by: Zim Hosein
Spider!

lol

 

[Specop 007]

Originally posted by: Taggart

Originally posted by: Specop 007

equivelent of a pack a smokes aint something I'm going to get a boner over.

:laugh:

What DOES give you a boner?

Shrike on a RR or RDIAS.

 

[Engineer]

4.8% promo rate (from FW) through April 30th. Not sure whether on only new deposits or all money already held there.

Rate sheet