Comments on: Watch for Falling Rates: HSBC, ING Reduce APY http://www.fivecentnickel.com/2009/01/05/danger-watch-for-falling-apy-hsbc-and-ing-reduce-rates/ personal finance tips, tricks, and commentary Mon, 13 Feb 2012 18:22:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Danielle http://www.fivecentnickel.com/2009/01/05/danger-watch-for-falling-apy-hsbc-and-ing-reduce-rates/comment-page-1/#comment-127810 Danielle Mon, 19 Jan 2009 06:10:00 +0000 http://www.fivecentnickel.com/?p=2522#comment-127810 Hey its the rates dropping that give all kinds of 0% credit card offers and allow those in good financial situations to refinance homes at better rates.... Can't have it both ways! I'm intrigued by the 4% rate some of you say you are getting though, might be worth opening an account to hold my emergency fund in (currently at ING). What is the deal with that bank, anyone know how they can afford to be SO far above the pack at this point? What were their rates 3 months ago? 6 months? How long has this division been open? How stable is the parent company? I have never heard of them before. I'm loath to open up yet another account at yet another online bank just to chase an interest rate that might not last. Hey its the rates dropping that give all kinds of 0% credit card offers and allow those in good financial situations to refinance homes at better rates…. Can’t have it both ways!

I’m intrigued by the 4% rate some of you say you are getting though, might be worth opening an account to hold my emergency fund in (currently at ING).

What is the deal with that bank, anyone know how they can afford to be SO far above the pack at this point? What were their rates 3 months ago? 6 months? How long has this division been open? How stable is the parent company? I have never heard of them before.

I’m loath to open up yet another account at yet another online bank just to chase an interest rate that might not last.

]]> By: Richard http://www.fivecentnickel.com/2009/01/05/danger-watch-for-falling-apy-hsbc-and-ing-reduce-rates/comment-page-1/#comment-127765 Richard Fri, 16 Jan 2009 20:30:20 +0000 http://www.fivecentnickel.com/?p=2522#comment-127765 I just completed the sign up process and transfers for GMAC Bank today, at the same time they lowered the interest rate from 3.25 to 3% Damn I just completed the sign up process and transfers for GMAC Bank today, at the same time they lowered the interest rate from 3.25 to 3% Damn

]]> By: Richard http://www.fivecentnickel.com/2009/01/05/danger-watch-for-falling-apy-hsbc-and-ing-reduce-rates/comment-page-1/#comment-127554 Richard Thu, 08 Jan 2009 11:29:49 +0000 http://www.fivecentnickel.com/?p=2522#comment-127554 Capital One direct dropped today from 3% to 2.64%, this isn't good. Capital One direct dropped today from 3% to 2.64%, this isn’t good.

]]> By: Kim http://www.fivecentnickel.com/2009/01/05/danger-watch-for-falling-apy-hsbc-and-ing-reduce-rates/comment-page-1/#comment-127525 Kim Tue, 06 Jan 2009 17:18:35 +0000 http://www.fivecentnickel.com/?p=2522#comment-127525 AmTrustDirect last month offered an opt out without penalty to release CDs you had with them. They currently pay just 1 percent on new CDs! My CDs with them (from last summer) are paying 4 percent. I didn't let them go. I wonder how many takers they got. AmTrustDirect last month offered an opt out without penalty to release CDs you had with them. They currently pay just 1 percent on new CDs! My CDs with them (from last summer) are paying 4 percent. I didn’t let them go. I wonder how many takers they got.

]]> By: William http://www.fivecentnickel.com/2009/01/05/danger-watch-for-falling-apy-hsbc-and-ing-reduce-rates/comment-page-1/#comment-127523 William Tue, 06 Jan 2009 16:36:02 +0000 http://www.fivecentnickel.com/?p=2522#comment-127523 Also, Wamu is even lower now at 1.5%. I moved my money to DollarSavings after Wamu dropped to 2% and I couldn't be happier. I am earning 4% . . . for now. Also, Wamu is even lower now at 1.5%. I moved my money to DollarSavings after Wamu dropped to 2% and I couldn’t be happier. I am earning 4% . . . for now.

]]> By: cemccon http://www.fivecentnickel.com/2009/01/05/danger-watch-for-falling-apy-hsbc-and-ing-reduce-rates/comment-page-1/#comment-127517 cemccon Tue, 06 Jan 2009 13:44:51 +0000 http://www.fivecentnickel.com/?p=2522#comment-127517 GMAC Bank still has 3.25% APY on their savings, and a 12-month CD at 3.75% APY. GMAC Bank still has 3.25% APY on their savings, and a 12-month CD at 3.75% APY.

]]> By: thomas http://www.fivecentnickel.com/2009/01/05/danger-watch-for-falling-apy-hsbc-and-ing-reduce-rates/comment-page-1/#comment-127516 thomas Tue, 06 Jan 2009 08:02:30 +0000 http://www.fivecentnickel.com/?p=2522#comment-127516 I sure hope these don't go much lower. I sure hope these don’t go much lower.

]]> By: nickel http://www.fivecentnickel.com/2009/01/05/danger-watch-for-falling-apy-hsbc-and-ing-reduce-rates/comment-page-1/#comment-127509 nickel Tue, 06 Jan 2009 02:49:48 +0000 http://www.fivecentnickel.com/?p=2522#comment-127509 RIchard: I believe that Emigrant/DSD is doing that because it allows them to attract new money (to DSD) without having to pay existing Emigrant Direct customers a higher interest rate. They're banking on people being too lazy to switch. It's rather clever, albeit a bit shady on their part. RIchard: I believe that Emigrant/DSD is doing that because it allows them to attract new money (to DSD) without having to pay existing Emigrant Direct customers a higher interest rate. They’re banking on people being too lazy to switch. It’s rather clever, albeit a bit shady on their part.

]]> By: Richard http://www.fivecentnickel.com/2009/01/05/danger-watch-for-falling-apy-hsbc-and-ing-reduce-rates/comment-page-1/#comment-127508 Richard Tue, 06 Jan 2009 02:45:16 +0000 http://www.fivecentnickel.com/?p=2522#comment-127508 Did anyone notice that Dollar Savings Direct says it is a division of Emigrant? SO WHY DO THEY OFFER A BETTER RATE THEM EMIGRANT DIRECT? Did anyone notice that Dollar Savings Direct says it is a division of Emigrant? SO WHY DO THEY OFFER A BETTER RATE THEM EMIGRANT DIRECT?

]]> By: Bam Bam http://www.fivecentnickel.com/2009/01/05/danger-watch-for-falling-apy-hsbc-and-ing-reduce-rates/comment-page-1/#comment-127507 Bam Bam Tue, 06 Jan 2009 02:43:36 +0000 http://www.fivecentnickel.com/?p=2522#comment-127507 @#$%!!!!! Dammit. @#$%!!!!! Dammit.

]]> By: Richard http://www.fivecentnickel.com/2009/01/05/danger-watch-for-falling-apy-hsbc-and-ing-reduce-rates/comment-page-1/#comment-127506 Richard Tue, 06 Jan 2009 02:37:05 +0000 http://www.fivecentnickel.com/?p=2522#comment-127506 Why don't you mention Capital One's online savings account? They are also still at 3% Why don’t you mention Capital One’s online savings account? They are also still at 3%

]]> By: Richard http://www.fivecentnickel.com/2009/01/05/danger-watch-for-falling-apy-hsbc-and-ing-reduce-rates/comment-page-1/#comment-127505 Richard Tue, 06 Jan 2009 02:32:49 +0000 http://www.fivecentnickel.com/?p=2522#comment-127505 Yeah that pissed me off this morning, I just moved money to these this week. Zions Bank also lowered their rates to 2.84. I am thinking about moving to WT Direct or E Trade but fear they may follow. Yeah that pissed me off this morning, I just moved money to these this week. Zions Bank also lowered their rates to 2.84. I am thinking about moving to WT Direct or E Trade but fear they may follow.

]]> By: Dan http://www.fivecentnickel.com/2009/01/05/danger-watch-for-falling-apy-hsbc-and-ing-reduce-rates/comment-page-1/#comment-127504 Dan Tue, 06 Jan 2009 02:06:04 +0000 http://www.fivecentnickel.com/?p=2522#comment-127504 Yea I got the notice as well. Looks like E-Trade has moved up to the number 1 spot. They are still yielding 3.01% Yea I got the notice as well. Looks like E-Trade has moved up to the number 1 spot. They are still yielding 3.01%

]]> By: Shak http://www.fivecentnickel.com/2009/01/05/danger-watch-for-falling-apy-hsbc-and-ing-reduce-rates/comment-page-1/#comment-127502 Shak Tue, 06 Jan 2009 01:33:41 +0000 http://www.fivecentnickel.com/?p=2522#comment-127502 Why don't you have www.DollarSavingsDirect.com on the list? 4% APY Why don’t you have http://www.DollarSavingsDirect.com on the list? 4% APY

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