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Great News! We’ve Extended The 3.50% APY* On Your Online Savings Account

Customers like you have told us how much they love our big fat rate. And as far as our customers are concerned, we can’t give them too much of a good thing. So that’s exactly what we’re going to do.

* You’ll keep earning 3.50% APY* on all balances in your Online Savings Account.
* That’s 9x the national savings average.±
* Deposit more now to take full advantage of our great rate extension.

Now’s the time to watch your savings grow. So deposit more today.

Sincerely,
Kevin Martin
Executive Vice President,
Head of HSBC Direct U.S.

HSBC Direct deposit accounts are offered by HSBC Bank USA, N.A. Member FDIC.

*Special Online Savings 3.50% Annual Percentage Yield (APY) is accurate through 09/15/2008. Minimum deposit to open is $1.00. HSBC reserves the right to change or terminate this promotion at any time. Any change or termination will not affect existing customers who took advantage of the promotion. After promotion period, interest rate and APY are variable and subject to change.

±National Statement Savings Average located at www.bankrate.com/brm/
publ/passbk.asp?caret=2 in the Passbook/Statement Savings survey results as of 04/09/08 courtesy of Bankrate.com. HSBC Direct Online Savings Account APY is 9 times the national statement savings average APY.

¥Third party fees may apply.


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This entry was posted on July 29th, 2008 at 10:01 pm and is filed under News, INGDirect. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Money Market Deposit Accounts (MMDAs)

These accounts invest your balance in short-term debt such as commercial paper, Treasury Bills, or CDs. The rates they offer tend to be slightly higher than those on interest-bearing checking accounts, but they usually require a higher minimum balance to start earning interest. These accounts provide only limited check writing privileges (three transfers by check, and six total transfers, per month), and often impose a service fee if your balance falls below a certain level.