Keeping you updated on rate changes.
In these challenging times, having a savings plan is more important than ever. At HSBC Direct we are committed to helping you with your savings goals by providing the best rate we can.
As you are undoubtedly already aware, there has been a general trend of reducing interest rates in the […]

The rates continue to slip. Everyone is now below 3.60% except for Apple Bank’s Grand Yield Direct account which is still offering 4.25%.
We are writing to inform you that based on the recent drop by the Federal Reserve, HSBC Direct has adjusted your Online Savings Account rate to 3.55% APY*. At 8x the national […]

Another email from HSBC announcing another rate decrease, this time to 3.80% APY. VirtualBank is at 3.30% and up and ING Direct is at 3.65%. The Apple Bank for Savings is still leading with 4.25%. I just wish the Apple Bank would spend some money on a more confidence-building web site.
We […]

Another email from HSBC to coincide with the lowering of their Online Savings Account rate. That’s down into VirtualBank and ING Direct territory, and well below Apple Bank’s Grand Yield Savings account. It looks like I’m going to have to switch away from HSBC. I was content when they were within a […]