Rebate:
1.45% APY Online Savings at HSBC Direct
HSBC Direct offers 1.45% in their online savings account. Minimum balance to open is $1. If a third party charges you to use their ATM in the U.S., HSBC will rebate up to three of these fees based on transaction date order during the calendar month. 
WTDirect.com - Wilmington Trust Direct is offering a 1.66% APY for an account balance of $10k. FDIC-insured up to $250,000 per depositor with Wilmington Trust FSB.
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#1
Justanod - Posted 4:35 am PDT 08/14/09 (484 Posts)
Ben, check out Everbank.
#2
bob_shiltz - Posted 5:02 am PDT 08/14/09 (348 Posts)
HSBC just revised their interest rate DOWN to 1.45%. It had been 1.55% for a while.
#3
skaheadva - Posted 5:21 am PDT 08/14/09 (218 Posts)
#1: Everbank "Monthly fee for balances under $5000 - $8.95" Most people might have a bit more than that in their savings, but just for everyone's information.
#4
adg - Posted 5:25 am PDT 08/14/09 (591 Posts)
ATM fees for a Savings account? Charles Schwab is offering Free Investor Checking w/ no ATM fees & no currency exchange fees with a .97% APR. They also offer Savings with an agressive APR.
#5
adg - Posted 5:27 am PDT 08/14/09 (591 Posts)
#1, nice find with EverBank. 3 month promotion rate of 3.01%
#6
phacops - Posted 5:28 am PDT 08/14/09 (116 Posts)
i got 1.99% at discover bank about a month ago... check em out.
#7
natty_ice - Posted 6:39 am PDT 08/14/09 (93 Posts)
I laugh at everyone scrambling after scraps. My hedge funds are doing quite well, earning me 30% returns in the past 3 months alone.
#8
cgwinner - Posted 7:07 am PDT 08/14/09 (27 Posts)
sign of the times... the rate keeps going down. still a good bank though in my opinion.
#9
gassyjoe - Posted 7:34 am PDT 08/14/09 (1432 Posts)
I've had an HSBC account for years now. Signed up back when interest rates were around 6%. Interest rate keeps going down but they're doing that everywhere. I've never had any problems with HSBC. I linked it to my local checking account which makes transferring money back and for really easy.
#10
AMG - Posted 8:54 am PDT 08/14/09 (280 Posts)
ING Orange Savings is 1.40 or 1.45% now. I checked my account the otherday.
Went in to Bank of America and their savings is 0.10%. HAH!!
#11
natedogg - Posted 9:44 am PDT 08/14/09 (47 Posts)
most of the online savings banks are very similar...emigrantdirect is at 1.40% now
#12
cruzingmax - Posted 10:50 am PDT 08/14/09 (124 Posts)
So where's the hot deal?
#13
meq123 - Posted 11:08 am PDT 08/14/09 (203 Posts)
The Hot Deal is only for Ben, when people click through to HSBC
#14
cleverendeavor7 - Posted 11:15 am PDT 08/14/09 (514 Posts)
You people are idiots if you're bickering over 0.5% in a savings account. Even if you had $100k in the account (which most people DON'T), you'd still only earn $500 extra from one bank to another over the course of the year. If you really want to make money, you should pull your head out, withdraw a decent chunk of money from your savings and start investing in stocks or funds. There are a huge number of companies that have posted better-than-expected earnings reports for FY09, meaning a lot of people are making a lot of money right now (not including anyone excited about the ~1% APY they get on their $15k in the bank. FAIL!)
#15
goldenboyfx - Posted 11:18 am PDT 08/14/09 (1151 Posts)
Bernie Madoff gave better interest rates..
#16
cappycobra - Posted 11:53 am PDT 08/14/09 (93 Posts)
#17
danielrah - Posted 10:29 pm PDT 08/16/09 (101 Posts)
It's safe and competitive. CDs will do slightly better, and index funds might be a better for long term.
#18
phileasfogg - Posted 10:46 pm PDT 08/18/09 (124 Posts)
HSBC is all about 'bait and switch'. You can be sure this rate will drop by about 0.1% each month for the next 6 months. No way I'm going to send my $$ to these bloodsucking leeches.
#19
phileasfogg - Posted 11:45 pm PDT 08/23/09 (124 Posts)
American Express Personal Savings offers 1.85%. Much better deal than the lousy HSBC scam. Close your HSBC account if you have one - they're a likely candidate for a FDIC takeover within the next year.
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