This is a quick update, HSBC Direct’s HSBC Direct Online Savings has been changed to 2.45% APY. Still a leading interest rate number. HSBC Direct offers no fees, no minimums, and they’re FDIC insured, so your money is safe and covered up to $250,000, until December 2009.
http://www.fdic.gov/news/news/financial/2008/fil08102a.html
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Here is a quick list to compare some online savings account and their APY for Sept. 17th, 2008:
- HSBC Direct – 2.45% APY
- E*Trade – 3.01% APY
- GMAC Bank – 3.00% APY
- ING Direct – 2.40% APY
March 9th, 2011 at 5:07 pm
Right, it really is a nice beginning however i’m going to take a look at that a bit more. Will show you what more there really is.