This is just a quick note to let you know that HSBC Direct has increased their APY to
3.5%* through August 15, 2008. This puts HSBC well ahead of online banking favorites such as ING Direct and Emigrant Direct. If you’re curious how it stacks up in other features, be sure to check out my roundup of the best online savings accounts.
*For updated rates, be sure to check out my list of online savings account interest rates.