HSBC cuts savings rate AGAIN now 1.85% APY
 

The HSBC Direct Online Savings Account is one such alternative. With a revised rate of 1.85% APY* as of March 6, 2009, your APY is still 4x the national statement savings average.


This Sucks!

Might as well leave it in a shoe box.
Seems safer these days too.

interest rates are going down, haven't you heard?

US gov is giving money to everyone and treasuries were yelding 0% recently.

HSBC is trying to raise cash thats why....... it should be obvious.

I reckon Standard Chartered is the only decent UK bank left:

http://www.guardian.co.uk/business/2...d-bank-profits