Rebate:
1.65% APY Online Savings at HSBC Direct
HSBC Direct offers 1.65% 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 1.76% APY for an account balance of $10k. FDIC-insured up to $250,000 per depositor with Wilmington Trust FSB.
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HSBC Direct 1.45% APY Online Savings  Discuss (19) |
#1
baconmeister - Posted 1:54 am PDT 04/13/09 (667 Posts)
i thought FDIC is insuring up to 250 per depositor.
#2
telstar - Posted 3:58 am PDT 04/13/09 (302 Posts)
1.65%? ha...
#3
JediKnight - Posted 4:24 am PDT 04/13/09 (1273 Posts)
Bernie Madoff will give you a better interest rate.
#4
darktideryezing - Posted 4:46 am PDT 04/13/09 (625 Posts)
#2 you should check the interest rate for a savings account at your local bank... mine was 0.25%. I was quite happy to have this account. I still am happy to have it, though at it's best it was closer to 4-5% interest.
#5
RKLE - Posted 4:53 am PDT 04/13/09 (6310 Posts)
bailout
#6
cbc - Posted 5:25 am PDT 04/13/09 (16 Posts)
You may want to check out ebank.com. They offer 2.50% on their premium checking account with deposit over $10,000. Plus you get free(regular) checks and world wide free ATM (never tried). I have been using them for over 3 years. They are FDIC insured.
http://www.ebank.com/rates_perdep.html
http://www.ebank.com/rates_perdep.html
#7
PlatformKadai - Posted 6:08 am PDT 04/13/09 (33 Posts)
The other day, someone here mentioned about www.dollarsavingsdirect.com (a division of emigrantdirect). It gives 2.00%. Not a bad one! #6, thanks for the info on Ebank.com, which is even better!
#8
darktideryezing - Posted 6:27 am PDT 04/13/09 (625 Posts)
You want to make sure you trust your bank. I can tell from personal experience that HSBC does its absolute best to keep your transactions are secure. Plus, you don't need a deposit of $10k to get this interest rate. Though I must say, that high on a checking account is pretty nice. I'm half tempted to look into HSBC checking accounts now.
#9
cwins - Posted 8:09 am PDT 04/13/09 (169 Posts)
#8, FYI
I set up an HSBC account about a year ago, when they were offering around 2.6%. After about 6 months, i got an email saying the terms are lowering the interest rate.
a month or so later, they lowered it again.
and then again.
in all, they lowered the interest rate by about 1%.
i have a feeling that this advertised rate is not going to last.
I set up an HSBC account about a year ago, when they were offering around 2.6%. After about 6 months, i got an email saying the terms are lowering the interest rate.
a month or so later, they lowered it again.
and then again.
in all, they lowered the interest rate by about 1%.
i have a feeling that this advertised rate is not going to last.
#10
shapeshifter08 - Posted 8:49 am PDT 04/13/09 (678 Posts)
1.65% Hooray!
#11
gewf631 - Posted 9:00 am PDT 04/13/09 (17 Posts)
#9 cwins
Did the same to me, so I've moved most of my money to Alliant Credit Union - they're still around 3% (with a 3% rate for custodial accounts as well).
Did the same to me, so I've moved most of my money to Alliant Credit Union - they're still around 3% (with a 3% rate for custodial accounts as well).
#12
juan213 - Posted 11:14 am PDT 04/13/09 (97 Posts)
totally agree with #9
I got 3 saving accounts that had interest rate lower from 3% to 1.5% in 2009. If you know this, 1.65% is not attractive at all.
I got 3 saving accounts that had interest rate lower from 3% to 1.5% in 2009. If you know this, 1.65% is not attractive at all.
#13
pkn - Posted 12:07 pm PDT 04/13/09 (170 Posts)
What would you expect with the fed rate about zero... No wonder the majors lowered theirs. It's actually encouraging that some, though minor, banks offer as much as 2.75% (like Alliant Credit Union) in the current situation.
#14
dg900rr - Posted 12:56 pm PDT 04/13/09 (23 Posts)
#4
i trust my local banks better than the bigger corp places.
friendlier and more helpful.
i get 5.01% on my checking account...no minimum.
this being local to NJ... look up 'smart free checking'.
provident bank nj.
i trust my local banks better than the bigger corp places.
friendlier and more helpful.
i get 5.01% on my checking account...no minimum.
this being local to NJ... look up 'smart free checking'.
provident bank nj.
#15
sandman - Posted 12:57 pm PDT 04/13/09 (431 Posts)
At current rates you're better off sewing your fortune into a mattress.
#16
dabomb - Posted 1:42 pm PDT 04/13/09 (284 Posts)
I'd suggest going with GMAC Bank, they offer 2.25% with a minimum of $1 to open an account, the best rate I've seen for an FDIC insured account.
http://www.gmacbank.com/todays-rates/os-rates.html
http://www.gmacbank.com/todays-rates/os-rates.html
#17
kalmontedb - Posted 3:30 pm PDT 04/13/09 (14 Posts)
Most banks are stuggling to give good rates, wait for a a good deal from you local bank, they might give you a high savings rate
#18
mikegod - Posted 4:06 pm PDT 04/13/09 (47 Posts)
yeah - this isn't really a good deal
#19
Pei - Posted 11:15 am PDT 04/14/09 (366 Posts)
#16, I don't see that rate on their website.
#20
baconmeister - Posted 3:24 pm PDT 04/14/09 (667 Posts)
| dg900rr wrote: |
|
i get 5.01% on my checking account...no minimum. |
with that rate it looks like you have a maximum, not minimum.
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