Comments on: HSBC Direct 3.50% Rate Extension: Sept. 15th

By: Andy

Andy — Tue, 16 Sep 2008 15:55:49 +0000

They just changed their rate to 3.25%. Given ING’s better user interface and features, I think HSBC will struggle to be the best choice.

By: jim

jim — Wed, 30 Jul 2008 16:41:40 +0000

Jason: I think he was referring to banks raising interest rates, not the stock market itself.

By: Jason

Jason — Wed, 30 Jul 2008 15:30:48 +0000

Sam, how has the market been “semi-steadily moving upward the past 3 months”? For the last 3 months = Dow: -10%, S&P: -8%, Nas: -3%

By: Jimmy

Jimmy — Wed, 30 Jul 2008 12:54:33 +0000

Um… my bank has been offering a 3.5% online savings account for months
http://www.provident-direct.com/

By: Sam

Sam — Wed, 30 Jul 2008 03:14:19 +0000

This makes them one of the highest yielding online savings accounts. This is the first time in months that I ’ve heard of any bank increasing their interest rates. This may be a good sign for more banks to follow their lead. The market has been semi-steadily moving upward the past 3 months. Are things finally looking up?

By: Patrick

Patrick — Tue, 29 Jul 2008 22:03:17 +0000

I just got this email today as well. HSBC has been offering some of the the highest interest rates for the last few years. With our current bear market, it’s hard to take my money out of HSBC even with such a low rate.

By: Everyman

Everyman — Tue, 29 Jul 2008 20:51:27 +0000

That extra 50 bps might be enough for me to move my money from ING (currently at 3.00%). But if the rate will go down in September, the benefit will be pretty small. I’d say if you could easily move your money between the two, it’d be easy. It always seems that the money gets tied up for a day or two, however, when moving between institutions.