Comments on: HSBC Direct Increases to 3.50% APY http://www.fivecentnickel.com/2008/06/02/hsbc-direct-increases-to-35-apy/ personal finance tips, tricks, and commentary Sat, 21 Nov 2009 18:35:25 -0500 http://wordpress.org/?v=abc hourly 1 By: Andys http://www.fivecentnickel.com/2008/06/02/hsbc-direct-increases-to-35-apy/comment-page-1/#comment-118832 Andys Tue, 15 Jul 2008 15:58:49 +0000 http://www.fivecentnickel.com/2008/06/02/hsbc-direct-increases-to-35-apy/#comment-118832 I just did a comparison of HSBC and ING direct, and you need to be a little bit wary of promotional rates. HSBC is not so bad as their regular rate is 3.45%. However that could drop to market average after the promotion. I just did a comparison of HSBC and ING direct, and you need to be a little bit wary of promotional rates. HSBC is not so bad as their regular rate is 3.45%. However that could drop to market average after the promotion.

]]> By: William http://www.fivecentnickel.com/2008/06/02/hsbc-direct-increases-to-35-apy/comment-page-1/#comment-117729 William Tue, 03 Jun 2008 15:52:09 +0000 http://www.fivecentnickel.com/2008/06/02/hsbc-direct-increases-to-35-apy/#comment-117729 "This puts HSBC well ahead of online banking favorites such as ING Direct and Emigrant Direct." True, but almost certainly for the promo period only. I base that on the past occassions when HSBC has raised their rate and then lowered it significantly after the promo. Also, just for information purposes, 3.50% is still not a leading rate. IndyMac Bank, OneUnited, Provident Direct, Century Bank Direct, and even AARP all are, and have been, offering a higher rate. Similar to the HSBC offer, E-LOAN is offering a promo rate of 3.75% through the end of July. “This puts HSBC well ahead of online banking favorites such as ING Direct and Emigrant Direct.”

True, but almost certainly for the promo period only. I base that on the past occassions when HSBC has raised their rate and then lowered it significantly after the promo.

Also, just for information purposes, 3.50% is still not a leading rate. IndyMac Bank, OneUnited, Provident Direct, Century Bank Direct, and even AARP all are, and have been, offering a higher rate. Similar to the HSBC offer, E-LOAN is offering a promo rate of 3.75% through the end of July.

]]> By: George http://www.fivecentnickel.com/2008/06/02/hsbc-direct-increases-to-35-apy/comment-page-1/#comment-117726 George Tue, 03 Jun 2008 14:57:02 +0000 http://www.fivecentnickel.com/2008/06/02/hsbc-direct-increases-to-35-apy/#comment-117726 HSBC wouldn't give me an account because they didn't like the info on my application, compared to my credit report. When pressed, they refused to tell me what the inconsistency was, so I couldn't fix it. They just kept telling me to pull my credit report, which I had done. Went across the street, applied to ING, and had an account with them in less then a week. Heck with HSBC! :) HSBC wouldn’t give me an account because they didn’t like the info on my application, compared to my credit report. When pressed, they refused to tell me what the inconsistency was, so I couldn’t fix it. They just kept telling me to pull my credit report, which I had done. Went across the street, applied to ING, and had an account with them in less then a week. Heck with HSBC! :)

]]> By: Jerry http://www.fivecentnickel.com/2008/06/02/hsbc-direct-increases-to-35-apy/comment-page-1/#comment-117723 Jerry Tue, 03 Jun 2008 11:38:09 +0000 http://www.fivecentnickel.com/2008/06/02/hsbc-direct-increases-to-35-apy/#comment-117723 Do you know anything about IndymacBank? They have MoneyMarket account that gives 3.85% on deposits over 10K. Do you know anything about IndymacBank? They have MoneyMarket account that gives 3.85% on deposits over 10K.

]]> By: nacio http://www.fivecentnickel.com/2008/06/02/hsbc-direct-increases-to-35-apy/comment-page-1/#comment-117718 nacio Tue, 03 Jun 2008 04:14:36 +0000 http://www.fivecentnickel.com/2008/06/02/hsbc-direct-increases-to-35-apy/#comment-117718 the same people who have frequent security problems? sike. the same people who have frequent security problems? sike.

]]> By: nickel http://www.fivecentnickel.com/2008/06/02/hsbc-direct-increases-to-35-apy/comment-page-1/#comment-117709 nickel Mon, 02 Jun 2008 21:12:13 +0000 http://www.fivecentnickel.com/2008/06/02/hsbc-direct-increases-to-35-apy/#comment-117709 Your guess is as good as mine. There's no good way of predicting bank interest rates that far out unless the bank guarantees a certain rate (like HSBC did in this case). Your guess is as good as mine. There’s no good way of predicting bank interest rates that far out unless the bank guarantees a certain rate (like HSBC did in this case).

]]> By: JL http://www.fivecentnickel.com/2008/06/02/hsbc-direct-increases-to-35-apy/comment-page-1/#comment-117707 JL Mon, 02 Jun 2008 20:58:45 +0000 http://www.fivecentnickel.com/2008/06/02/hsbc-direct-increases-to-35-apy/#comment-117707 What will be the interest rate after august 15th for the HSBC? What will be the interest rate after august 15th for the HSBC?

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