HSBC Direct lowers rate! Duh duh duh!
Well, it’s just 2 days after announcing that I opened a Bank of America Money Market Savings Account, and whining about how they almost instantly dropped the rate on me from 5.3% to 4.65% APY. I figured I’d just keep my money in my HSBC Direct account at 5.05% APY.
Well, I just got the email today from HSBC that they’ve dropped their rates too!
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 Americaâ€™s highest, at 10Ã— the national savings average**â€”so you can continue to maximize your savings growth with HSBC Direct, recognized as the â€œBest Online Savings Accountâ€ by Kiplingerâ€™s Personal Finance.
Well, BoA, here comes my money!
Oh, and yeah, here comes the slew of all the PF bloggers proclaiming the news 🙂