HSBC Interest rate drops 0.55% - GoFuckYourself.com

NinjaSteve · 09-28-2007, 10:20 PM

I got this email the other day and it sucks. My online savings account was 5.05% and now they announced their savings account dropped to 4.5%. I like ING better anyway and ING pays 4.5% already. Lame

Quote:

Dear STEVE,

We are writing to let you know HSBC Direct has adjusted your Online Savings Account interest rate to 4.50% APY*.

This rate remains among America?s highest, at 10× the national savings average**?so you can continue to maximize your savings growth with HSBC Direct, recognized as the ?Best Online Savings Account? by Kiplinger?s Personal Finance.

pocketkangaroo · 09-28-2007, 10:38 PM

ING went down to 4.3% the other day.

NETbilling · 09-28-2007, 10:46 PM

Both are still the highest in the country my adviser has told us.

Mitch

bdld · 09-28-2007, 10:50 PM

there's still a few out there that havent reduced their rates just yet, but i expect them to do so soon.

bdld · 09-28-2007, 10:51 PM

eloan does 5%, 3month cd at 5.25%, wamu is at 5%

fallenmuffin · 09-28-2007, 10:51 PM

FNBO Direct dropped 0.95% :/ was 6.00% is now 5.05%

JuiceMonkey · 09-28-2007, 11:04 PM

My Rate went up?

We have some great news for you. Effective October 11, 2007, the everyday savings rate on your Direct Savings Account will increase from 3.50% to 4.05%* - making your savings work harder for you so you can reach your financial goals faster.

Heh go figure ;)

WiredGuy · 09-28-2007, 11:18 PM

Quote:

Originally Posted by JuiceMonkey

My Rate went up?

We have some great news for you. Effective October 11, 2007, the everyday savings rate on your Direct Savings Account will increase from 3.50% to 4.05%* - making your savings work harder for you so you can reach your financial goals faster.

Heh go figure ;)

Considering the rates everyone else has posted, it sounds like you were being screwed before

WG

DigitalPimp · 09-28-2007, 11:21 PM

The following page may help ya, it is updated often and trys to list the best rates around

http://www.fatwallet.com/t/52/437553/

NinjaSteve · 09-28-2007, 11:21 PM

Quote:

Originally Posted by pocketkangaroo

ING went down to 4.3% the other day.

I didn't realize that. That sucks. The business account pays 4.75 right now.

NinjaSteve · 09-28-2007, 11:23 PM

Quote:

Originally Posted by DigitalPimp

The following page may help ya, it is updated often and trys to list the best rates around

http://www.fatwallet.com/t/52/437553/

That link is great, thanks!

peterk · 09-28-2007, 11:25 PM

Quote:

Originally Posted by JuiceMonkey

My Rate went up?

We have some great news for you. Effective October 11, 2007, the everyday savings rate on your Direct Savings Account will increase from 3.50% to 4.05%* - making your savings work harder for you so you can reach your financial goals faster.

Heh go figure ;)

it seems that your bank haven't had the best savings rate

AGS-17 · 09-28-2007, 11:26 PM

my adviser has told us.

fallenmuffin · 09-28-2007, 11:34 PM

Quote:

Originally Posted by DigitalPimp

The following page may help ya, it is updated often and trys to list the best rates around

http://www.fatwallet.com/t/52/437553/

Very nice link

*Bookmarked*

FNBO Direct would of been #2 but they dropped their damn rate ARG

After Shock Media · 09-29-2007, 01:29 AM

I really trust ING the most though for some odd reason. I suppose since the sort of invented the online banking branchless idea and also withstood the dotcom crash just fine. That sort of history has kept me loyal to them even when they were not the highest rate.

Plus since they offered mutual funds, atm access, and hell they even send out checks for you and eat the postage if they can not ACH it over. That is the type of support I am after.

PS. If your thinking of setting up an account hit me up before you do and start your account by depositing 250.00 and ING will credit you 25.00 and give me 10.00. That is an extra 10% right there. Haha yes I am that cheap that I will reffer some people in if they ask to make us both some extra cash. So drop me an email or icq about it.

NinjaSteve · 09-30-2007, 04:10 PM

ATM Access is through their checking or through their orange savings account?

Paparazzi · 09-30-2007, 04:35 PM

Do you guys have insurance in the US if a bank goes out of business you will get x amount of money back? In Sweden we have it and it's like $35k-40k per account and person.

slaxxx · 09-30-2007, 04:51 PM

Quote:

Originally Posted by Paparazzi

Do you guys have insurance in the US if a bank goes out of business you will get x amount of money back? In Sweden we have it and it's like $35k-40k per account and person.

Yeah, there's FDIC insurance up to $100k for a normal account.

Paparazzi · 09-30-2007, 05:03 PM

nice
The highest rate we have in Sweden is 4.1% right now, but they payout the rate 4 times/year and not 1/year like the rest of the banks do so it's ok

JP-pornshooter · 10-01-2007, 10:33 AM

Quote:

Originally Posted by slaxxx

Yeah, there's FDIC insurance up to $100k for a normal account.

if i understand it correctly then it is not per account, it is per person.. so if you have 3 accounts with HBSC each with 100k (total 300k), you would only be covered for 100k total. you may want to check that if you are wealthy...

Peaches · 10-01-2007, 12:24 PM

And the first internet bank I ever used, Netbank, closed down completely! I'm going to start keeping my cash in the mattress.

Tom_PM · 10-01-2007, 12:37 PM

Quote:

Originally Posted by Peaches

And the first internet bank I ever used, Netbank, closed down completely! I'm going to start keeping my cash in the mattress.

Wow that stinks!
Also, whats your address?

After Shock Media · 10-01-2007, 12:42 PM

Quote:

Originally Posted by NinjaSteve

ATM Access is through their checking or through their orange savings account?

I would have to double check. For the most part once money goes there it does not come out, except for the rental deposits I place there.

FreeHugeMovies · 10-01-2007, 12:47 PM

I think if you open up an E trade account it's 5% with no fees etc etc if you withdraw your money

rockbear · 10-01-2007, 01:01 PM

I really like ING direct too it's 3.75% right now and I'm with them since 4 years. They are the best

lelahosting · 10-01-2007, 02:31 PM

Quote:

Originally Posted by JP-pornshooter

if i understand it correctly then it is not per account, it is per person.. so if you have 3 accounts with HBSC each with 100k (total 300k), you would only be covered for 100k total. you may want to check that if you are wealthy...

You can have multiple accounts at a bank but it has to be done in a different fashion. One way to do that is if you add in trust of(say your minor child) that gets its own 100k. Also if you have a personal savings and a joint savings. plus your spouse has a personal checking that is 300k between those three.

But if you have a checking, savings, cd, second savings, or whatecver you have a limit of 100k.

uno · 10-01-2007, 02:47 PM

Quote:

Originally Posted by pocketkangaroo

ING went down to 4.3% the other day.

Damn. I have HSBC and ING. Maybe I'll browse that fatwallet thread for a better account.

Peaches · 10-01-2007, 04:07 PM

https://www.emigrantdirect.com/ is still at 4.75, for now.....

09-28-2007, 10:46 PM	#3
NETbilling Confirmed User Industry Role: Join Date: Jan 2002 Location: Huntington Beach, CA Posts: 8,588	Both are still the highest in the country my adviser has told us. Mitch __________________ Mitch Farber CEO - NETbilling, Inc. Email / Phone: 888-357-8166 / 661-252-2456 Transaction processing & 24/7 call center services with exceptional rates and flexibility, since 1998!

09-28-2007, 11:04 PM	#7
JuiceMonkey Confirmed User Join Date: Oct 2004 Location: Brisbane/Vancouver/SanFran Posts: 3,581	My Rate went up? We have some great news for you. Effective October 11, 2007, the everyday savings rate on your Direct Savings Account will increase from 3.50% to 4.05%* - making your savings work harder for you so you can reach your financial goals faster. Heh go figure ;) __________________ ICQ: 72251955 GTalk: JuiceMonkey

09-29-2007, 01:29 AM	#15
After Shock Media It's coming look busy Join Date: Mar 2001 Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn". Posts: 35,299	I really trust ING the most though for some odd reason. I suppose since the sort of invented the online banking branchless idea and also withstood the dotcom crash just fine. That sort of history has kept me loyal to them even when they were not the highest rate. Plus since they offered mutual funds, atm access, and hell they even send out checks for you and eat the postage if they can not ACH it over. That is the type of support I am after. PS. If your thinking of setting up an account hit me up before you do and start your account by depositing 250.00 and ING will credit you 25.00 and give me 10.00. That is an extra 10% right there. Haha yes I am that cheap that I will reffer some people in if they ask to make us both some extra cash. So drop me an email or icq about it. __________________ [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

09-30-2007, 04:10 PM	#16
NinjaSteve Too lazy to set a custom title Industry Role: Join Date: Dec 2003 Posts: 11,089	ATM Access is through their checking or through their orange savings account? __________________ ...

09-30-2007, 04:35 PM	#17
Paparazzi Confirmed User Join Date: Mar 2002 Posts: 3,488	Do you guys have insurance in the US if a bank goes out of business you will get x amount of money back? In Sweden we have it and it's like $35k-40k per account and person. __________________ Pure Level(3) Premium Bandwidth When Quality Counts

09-28-2007, 10:38 PM	#2
pocketkangaroo Confirmed User Join Date: Jan 2005 Location: Chicago, IL Posts: 8,452	ING went down to 4.3% the other day.

09-28-2007, 10:50 PM	#4
bdld $100,000 Join Date: Dec 2001 Posts: 11,452	there's still a few out there that havent reduced their rates just yet, but i expect them to do so soon.

09-28-2007, 10:51 PM	#5
bdld $100,000 Join Date: Dec 2001 Posts: 11,452	eloan does 5%, 3month cd at 5.25%, wamu is at 5%

09-28-2007, 10:51 PM	#6
fallenmuffin Confirmed User Industry Role: Join Date: Nov 2005 Posts: 8,170	FNBO Direct dropped 0.95% :/ was 6.00% is now 5.05%

09-28-2007, 11:21 PM	#9
DigitalPimp Confirmed User Industry Role: Join Date: Jun 2003 Location: Los Angeles, CA Posts: 512	The following page may help ya, it is updated often and trys to list the best rates around http://www.fatwallet.com/t/52/437553/

09-28-2007, 11:26 PM	#13
AGS-17 Confirmed User Join Date: May 2005 Posts: 1,402	my adviser has told us.

09-30-2007, 05:03 PM	#19
Paparazzi Confirmed User Join Date: Mar 2002 Posts: 3,488	nice The highest rate we have in Sweden is 4.1% right now, but they payout the rate 4 times/year and not 1/year like the rest of the banks do so it's ok __________________ Pure Level(3) Premium Bandwidth When Quality Counts

10-01-2007, 12:24 PM	#21
Peaches Old broad Join Date: Oct 2002 Location: Away Posts: 13,933	And the first internet bank I ever used, Netbank, closed down completely! I'm going to start keeping my cash in the mattress.

10-01-2007, 12:47 PM	#24
FreeHugeMovies Too lazy to set a custom title Join Date: Dec 2001 Location: Charlotte, NC Posts: 14,137	I think if you open up an E trade account it's 5% with no fees etc etc if you withdraw your money

10-01-2007, 01:01 PM	#25
rockbear Confirmed User Join Date: Jul 2003 Posts: 806	I really like ING direct too it's 3.75% right now and I'm with them since 4 years. They are the best

10-01-2007, 04:07 PM	#28
Peaches Old broad Join Date: Oct 2002 Location: Away Posts: 13,933	https://www.emigrantdirect.com/ is still at 4.75, for now.....