A big thank you to John  for the heads up on the rate update for HSBC. On May 1st, HSBCDirect Online Savings Account  rate will change to 4.5% APY, which matches Emigrant ‘s current rate. Account holders were notified by email recently:
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.