HSBC Direct Savings Account

HSBC Direct dropped their savings account rate again this month, their new rate is 1.85% effective March 6, 2009:



After we get paid the interest for this month from HSBC, we are going to move our money to FNBO Direct. FNBO seems to always have better rates and they have 4 star rating in bankrate.com Star Rating program compared to HSBC’s 2 stars.

I find it funny that credit card apr’s continue to rise while saving account rates constantly drop. I really miss the 5.05% days we had back in 2007.

HS

3 comments:

Nikky said...

I agree! Back in Oct/Nov when I opened our GMAC savings acct, it was at 3.75% and now it's down to 2.55%... still better than the bank I work at, and where the rest of our financial life is, but still! Come on!

Miss M said...

They match ING now then. I really like FNBO, good choice. The rate difference isn't much unless you have a lot of money, but every little bit helps.

Mike said...

I just made $0.21 on my ING Electric Orange checking account ...