Dedicated to Deposits: Deals, Data, and Discussion

HSBC Direct's New 6.00% Savings Account Promo

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HSBC
Update: The savings account promo has ended. Please see HSBC Direct's website for the latest rates and promotions. Features of the Online Savings Account are described below and are still current.

HSBC Direct started a new promotion duplicating what ING Direct did last year with its Winter Save Up Sale. HSBC is offering a 6.00% APY in its Online Savings Account on all new money deposited from January 29 to April 30, 2007. Old money will continue to earn the 5.05% APY. This applies to both current and new customers.

HSBC has a special FAQ for this promotion. For those who keep most of their liquid money elsehwhere, this can be a good deal. Just transfer the money in and that new money will earn 6% APY (5.84% interest rate). However, if you've been keeping most of your money in this Online Savings Account already, you'll get stuck with the 5.05% APY. Also note if you withdraw money, this will reduce the amount that earns 6%.

So if you have $10K in there now and you make another $10K deposit, you'll earn 6% APY on that second $10K and 5.05% APY on the first $10K. If you withdraw $10K, you'll earn only 5.05% on the remaining $10K. HSBC calls this the Last in First Out calculation of New Money interest.

HSBC Online Savings Account Overview

For those who don't yet have an account with HSBC Direct, this might be a good time to open one. Even without the promotion, it has some nice features although there are some downsides. Here's my list of both:

Positives
  • Standard rates have remained competitive
  • No minimum balance requirements
  • ATM card available for savings account
  • Bank-to-Bank ACH transfer system allows unlimited links to external accounts
  • Links to external accounts can be set up online and verified with trial deposits. No checks need to be mailed in.
  • Checking accounts are available. The checking accounts can appear with your savings account in your account page and online transfers can be done between them.
  • No hard credit pulls. I didn't get a hard pull when I opened the Online Savings Account in 2005.
  • Security Key and the virtual keyboard should reduce the risk of hackers accessing the account

Negatives
  • Not the best standard rates in its history
  • No sign-up bonuses currently available. There have been many in the past
  • Slow ACH transfers to and from other banks. Transfers can take a minimum of 3 days with 2 days of no interest. For example, I specified a withdrawal at HSBC on January 16th for money to be transfered to EmigrantDirect. It was debited from my HSBC account on the 17th. It didn't show up at EmigrantDirect until the 19th.
  • Security Key and the virtual keyboard requires another password that must be remembered and makes the account login longer.

How Much is Safe to Deposit?

According to HSBC's FAQs, you can deposit up to $2 million dollars into HSBC's Online Savings Account (I haven't tested this out :-). For those who may want to deposit more than $100K, keep in mind that you can extend the FDIC insurance coverage over $100K with a joint account. Here's an example provided at the FDIC webpage regarding joint accounts:
A husband and wife could have up to $200,000 in one or more joint accounts at the same insured bank and the deposits would be fully insured.

You can also extend coverage over $100K with Payable-On-Death accounts and In-Trust-For accounts with qualifying beneficiaries. This FDIC webpage provides the details. According to the HSBC FAQ's, you can designate one beneficiary per account:
Once the account is set up, send us a BankMail with your child's name. You are welcome to open as many accounts as you like, but each account can list only one beneficiary.

In addition to listing a qualified beneficiary, the account must also be titled with a term such as payable-on-death, in-trust-for or as-trustee-for to qualify for the additional insurance. I couldn't find any documents at HSBC regarding this so I called. The CSR said that savings account would NOT have this account title. I'm not sure if she exactly understood the issue, so I'll follow up with BankMail. As it looks now, joint accounts seems to be the only way that will extend your coverage over $100K for the HSBC Online Savings Account.

The importance of FDIC insurance coverage for a bank like HSBC is debatable. HSBC Direct is part of the HSBC Holdings plc which is one of the largest banking groups in the world (see background). The US arm is HSBC Bank USA, N.A. It's FDIC insured. One interesting note is that it currently only has a 2 out of 5 star safe-and-sound rating at Bankrate.com.
  Tags: HSBC

Comments
52 comments.
Comment #1 by Anonymous posted on
Anonymous
Any idea how long a time the 6% savings will last? We know it will last at least until the closing sign up date. I have never delt with HSBC, I know you have used HSBC savings because I read about the transfers you have made into other financial institutions. How would you compare this to putting a large sum of money into Navy FCU 15mo 6% CD?

1
Comment #2 by Anonymous posted on
Anonymous
HSBC is only has 2 star rating before there profits fell 48% and are agressivly closing branchs in UK to control costs. HSBC seems to be only major bank who profits are falling. HSBC is big sub prime lender and this may have something to with that too.

1
Comment #3 by Anonymous posted on
Anonymous
According to the site: "For example, New Money that is deposited and available on January 29, 2007 will earn an interest rate of 5.84% and yield 6.00% APY for 91 days until April 30, 2007 and assume it then earns an interest rate of 4.94% and yield 5.05% APY after that date." Meaning, after April 30th, you could assume you're not earning 6% anymore, right?...

1
Comment #4 by Anonymous posted on
Anonymous
Regarding the 6% 15mo CD at Navy FCU...could you let me know where this is listed (I don't see it on their website). Thanks.

1
Comment #5 by Anonymous posted on
Anonymous
What if I previously had money in HSBC's Online Savings Account (back in November)? Back then, before this promotion, I moved it over to E-LOAN, so I was basically left with $1 in HSBC in order to keep the account open. Now, if I move the money from E-LOAN *back* to HSBC, will that still count as "New Money" that earns 6%?

-1
Comment #6 by Max (anonymous) posted on
Max
Assuming you have the money in there for 6% for 90 days and at 5.05% the remaining 275 days a year. Does this mean that the actual APY will be 5.426?

-1
Comment #7 by Anonymous posted on
Anonymous
The person who asked about the Navy FCU 15mo 6%CD, rate begins 2/5. Check yesterday's Bank Deals right here!

1
Comment #8 by Banking Guy (anonymous) posted on
Banking Guy
Here's the Navy 6% post link.

Any money not deposited at HSBC as of end of day of Jan 26th, is eligible for this 6% promo if transfered into HSBC. Those who kept $1 at HSBC and had moved over the money to E-LOAN are in perfect shape for this promo. E-LOAN may be surprised at how fast they lose deposits.

Since this 6% will end on April 30th, the blended APY can be considered 5.29% since APY includes rates for an entire year. I got 5.29% from HSBC's FAQs.

1
Comment #9 by Anonymous posted on
Anonymous
so, this is looking more and more like a 90 day cd. correct me if i'm wrong??
also, bank guy,
does eloan alow for a transfer from their savings account to hsbc
without fees?

thanks

1
Comment #10 by Anonymous posted on
Anonymous
Looks like HSBC is trying to acquire new funds aggressively:

http://www.offshore.hsbc.com/1/2/international/savings-accounts/fixed-deposit-account/specialoffer?WT.ac=HBIB_2007_01_02_CAM0_Sale3

6% three-month CD (in GBP or USD)

1
Comment #11 by Max (anonymous) posted on
Max
I think one thing that they conveniently don't tell you is that when you apply, you have to mail them in some sort of proof of address. They will not open the account until they receive it. For new customers it isn't that great of a deal because the extra interest you might receive could be offset by either the overnight shipping bill or the delay of 5-7 business days in addition to the 2-4 days of interest you wont receive due to their weird transfer policy. You might want to analyze your options and see if going to a bank with a 5.25-5.50 rate isn't better.

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Comment #12 by Max (anonymous) posted on
Max
Or you could wait and see if any of the other banks/credit unions try to match the rate. Either way, if you add all the things i mentioned earlier, by the time the money goes into HSBC, you might actually get it in faster if another rate comes along a week or two later.

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Comment #13 by Anonymous posted on
Anonymous
Hi Max,

When I opened my online savings account in Jan 2006, they didn't required me to send any document to proof my current address. It might be because I have lived at my current address for a long time.

I think this a great deal. After 3 months, I am going to move my money elsewhere because HSBC takes too many days to transfer funds in and out.

1
Comment #14 by mark (anonymous) posted on
mark
Achtung! Just be aware that the T&C impose a $25 fee for closing the account within 6 months.

I briefly had an HSBC account last year and I don't recall any such fee, so this may be new. In any event, don't close a new account after the promo ends; stay your hand, and then close it in the fullness of time (say, 181 days).

1
Comment #15 by SVG (anonymous) posted on
SVG
Max,

>>I think one thing that they conveniently don't tell you is that when you apply, you have to mail them in some sort of proof of address.<<

In my experience HSBC does not need any proof to be mailed in. To 'identify' the applicant, they pull credit report of the applicant, ask a couple of questions based on credit report, if answers given by the applicant match those on credit report, the applicant is 'identified' and no further proof is required.

Is your experience different?

- SVG

1
Comment #16 by SVG (anonymous) posted on
SVG
Mark,

>>In any event, don't close a new account after the promo ends; stay your hand, and then close it in the fullness of time (say, 181 days).<<

AFAIK the minimum deposit necessary too keep this HSBC account open is $1, therefore keeping the account open for 181 days (or even 366 days !) should be a non-issue to most investors.

- SVG

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Comment #17 by mark (anonymous) posted on
mark
SVG, the $25 early-closing fee is definitely an issue if people are unaware of it. Since it must be a relatively new policy -- I went back & confirmed that it wasn't in the T&C when I opened an account a year ago -- it seemed to me an especially good idea to point it out. Leaving a few bucks in past April is precisely what I intend to do.

Also, for those asking about mail-in verification of address, I just now verified that this is not a requirement. I checked off the "lived at my address for over N months" and "phone number listed in directory" options in the application -- which seem to be the relevant factors -- and was approved online. I also had to answer the test questions (based on credit report) as mentioned by SVG, but it's not clear that passing that test by itself verifies your address. Frankly, I think that part is there to authenticate identity, not mailing address.

1
Comment #18 by Anonymous posted on
Anonymous
Last night,1/27, I filled out the application and immediatly received an e-mail that I needed to mail in a recent copy of something (telephone bill etc)to verify my address. I also checked living at the address over 4 years and my telephone number is listed in phone book. Perhaps they can't pull credit records up on a Saturday night. I mailed my check and verification, so now I'm waiting to see how long it takes to actually start my account. Hopefully everything was filled out correctly and I don't loose precious days of interest. Sure sounds good.

1
Comment #19 by Anonymous posted on
Anonymous
Make sure to be very careful when moving money in and out of HSBC. Move it on on Monday or Tuesday to avoid huge losses of interest.

Also, make sure to calculate the effective APY if you withdraw on April 30, assuming 4 days lost interest (2 days in and 2 days out).

I believe the effective interest rate in that scenario is 5.73%.

1
Comment #20 by Anonymous posted on
Anonymous
CAN SOMEONE POST HOW LONG A TRANSFER INITIATED FROM E-LOAN TO HSBC IS TAKING. IT WAS A DAY OR TWO. I JUST MOVED EVERYTHING BUT $1 TO HSBC.

1
Comment #21 by Banking Guy (anonymous) posted on
Banking Guy
My last transfer from ELOAN to HSBC (initated at ELOAN) was on Sunday 1/21. It was received and credited at HSBC Online Savings account on Tuesday 1/23 (I wish I had waited until this week)

1
Comment #22 by Anonymous posted on
Anonymous
I transfered on Thursday (1/25) from eloan. The money was out of the account immediately. However, it took 4 days to arrive the other account. Just arrived today (Mondey)

1
Comment #23 by Anonymous posted on
Anonymous
I think this account is different from 3 month 6% CD promo. There should not be any penalty if you withdraw some money before Apr. 30.
E.g. If you put in $10,000 new money to the account for 2 month and withdraw it before Apr. 30. You still earn 6% APY for 2 month on the $10,000.
I don't think we need to hold the new money until Apr. 30 to get the 6% APY, right?

1
Comment #24 by Anonymous posted on
Anonymous
If ach transfer takes 4 days, how many days it takes to transfer money from HSBC free cheking account to HSBC Direct savings account?

1
Comment #25 by Anonymous posted on
Anonymous
I just opened a Joint Account, and it was Approved instantly, even though I have been at my current address for less than 2 years. No need to mail in anything. Bank verification for Funds Transfer was also completed instantly. So far so good.

1
Comment #26 by Anonymous posted on
Anonymous
Can you wire money into your HSBC acc't to avoid loss of interest?

1
Comment #27 by Banking Guy (anonymous) posted on
Banking Guy
Transfers from the HSBC checking to HSBC savings are done immediately. So there shouldn't be any loss of interest.

Thanks for providing your experience on the account opening. Good to see there were no requirements to send anything in. Perhaps only certain people get this request when something unusual flags the system.

About wire transfers, I'm not familiar with this detail. Wire transfer costs may be in their terms of service documentation. I have a link to that in this post.

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Comment #28 by Anonymous posted on
Anonymous
Update to my comment of 11:14 AM, January 29, 2007: Account opened yesterday, funds transferred out of my linked bank account today. That was quick.

1
Comment #29 by Anonymous posted on
Anonymous
account opened fast for me too. however, everyone should take note that it takes a long time to be able to access the money you have put into that account...they will send an email with the username and a letter with the password which can take up to 5 business days. i opened the account yesterday and the rep said the letter will go out thursday. after you have the username and password only and only then can you see your account number..they will not give that to you over the phone. and after you log into your account online then you have to go through the process of verifying another bank if you want to pull money out. they way i see it that's a good 7 days of them holding my money with no way for me to access it...

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Comment #30 by Anonymous posted on
Anonymous
Just because the money leaves your linked account, doesn't mean you are earning interest on it.

In fact you are not. You lose AT LEAST 2 days of interest each way. If you move the money on a Wednesday through Friday it can be a lot more days than that.

The effective interest rate on this accound is a maximum 5.7% because of this, but it can be even worse than that if you **** this up.

1
Comment #31 by Anonymous posted on
Anonymous
You experienced guys are probably on to this, but I fell into the trap of opening the account with only $50. They do not allow subsequent deposits to be made until 5 business days later -- so there's a week of interest dribbled away.

Since I lived at my current address for only a short time, they asked me questions from my credit report to verify my identity. I also opted to give them my current external bank account userid and password so they could fund the account right away, never saw that trick before. Impressive, in that everything was done online, but I'd like to find a way to get funds in there quicker.

1
Comment #32 by Anonymous posted on
Anonymous
Had previous account at AmTrustDirect which was a NIGHTMARE. HSBC is a LOCAL BANK and I have plenty of HSBC branches where I need them. Have been doing banking with them for awhile now. No complaints. In fact I do ALL my banking with them now and they are the MOST competitive bank. A linked checking and online savings is a MUST HAVE with them.

A new bank came into town with a 4% rate for checking with a free ipod somethingen move funds to pay bills at the. However a quick look shows that the bank has the HIGHEST RETURNED CHECK FEES and I would rather get 5.05% or 6% and th ATM instead of 4% checking with a VERY high fee everytime there is a returned check.

Why is HSBC offering 6%? This is due to an imbalance due to the ratio of loans to deposits and so HSBC is filling up its coffers. It also will use the funds to pay back debt on hand as well.

HSBC will likely have to keep its rate high even AFTER the promo rate expires IMHO.

1
Comment #33 by Victoria (anonymous) posted on
Victoria
So far I am pretty disappointed with HSBC. I was very excited about this promo and applied as soon as I found out about it (Jan 29). They did ask me to send proof of address which I did the fist business day after I apllied. A week later I got concerned because I received an email from them saying that I need to send in my info or otherwise they will not open my account. I called them, they didn't have any record of my letter being received. In the end, after emailing them a scanned copy of my other bank statement they processed my application (it takes them rather long to reply to emails considering they advertize their 24/7 customer service). It's Feb 11 and I still cannot deposit the money i wanted (I only set up a small initial transfer). Now I have to wait for them to send me my password in the mail. I think they are handling bad their influx for this promotion, I believe they lost my letter. When I asked why i had to send verification of address to begin with, they said "a comma in my address was too far" - I don't have any commas in my address!!! Anyways, while waiting I came across some nice offers from Citibank which I might go with to earn bonuses. I opened an account with Etrade yesterday in a matter of minutes... I think HSBC is losing money for a reason. Thank for this blog.

1
Comment #34 by Victoria (anonymous) posted on
Victoria
They do not allow subsequent deposits to be made until 5 business days later -- so there's a week of interest dribbled away.

Wow this sucks.

I also opted to give them my current external bank account userid and password so they could fund the account right away, never saw that trick before.

I thought it is too prone to security breach. I decided to stay away from this.

1
Comment #35 by Anonymous posted on
Anonymous
i just transfer money into hsbc monday afternoon and it was in the account tuesday morning. Has anyone else experience such a quick transfer at HSBC? It usually takes me atleast 3 business days.

It should be noted that i pushed the funds from another bank (transfer did was not initiated at HSBC)

1
Comment #36 by Anonymous posted on
Anonymous
I finally gave up on HSBC and asked that they cancel the application. I originally mailed a large deposit with the application and was "put on hold" while they kept requesting verification of address etc. After 10+ days of delays I started to notice other facilities beginning to offer nice rates. I'm happy that I cancelled the whole process and proceeded with another institution that now has my money @ 6% 15mo CD.

1
Comment #37 by Anonymous posted on
Anonymous
They're asking me to send a copy of a bank statement with my current address on it. I'm not comfortable with that, they should be able to verify addresses using a different method.

1
Comment #38 by Anonymous posted on
Anonymous
Anyone else having problems getting onto their site? I've had issues off and on for a couple weeks now. You would think with this promo that they would have beefed up their infrastructure...

1
Comment #39 by Anonymous posted on
Anonymous
No problems with HSBC's website or logging in AT ALL. I use them for ALL MY BANKING. They are a full service bank. The website DOES go down in the wee hours of the morning on the Weekends EST since their data centers on the East Coast and this is when they conduct maintanence as well. Even if it doesnt say so on the website, outages during this time period will happen.

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Comment #40 by Anonymous posted on
Anonymous
"They're asking me to send a copy of a bank statement with my current address on it. I'm not comfortable with that, they should be able to verify addresses using a different method."

You moved addresses, and they are subject to ANTI TERRORISM provisions. They HAVE TO HAVE PROOF of WHERE YOU LIVE.

Any bank would require this, this is NOT limited to HSBC. As for a bank statement, NO. Send them a copy of a utiliy bill, NOT A BANK STATEMENT. They MUST accept this and it is a valid proof with ANY BANK in the United States. Not sure why they said copy of a BANK Statement, but the representative probably was uninformed or something. Bank statements would provide HSBC with too much information about your financial net worth and is NOT RELEVANT and I wouldnt give them a bank statement. But just send in a utility bill and you will be fine.

I opened my account with HSBC with no problems or any address verification, just the drivers license, and current address and phone # and the routine stuff. Something on your account must have been incomplete or flagged for this to happen. Know many people banking at HSBC without experiencing what you issued.

I opened an account with an online bank who DID require a utility bill copy because they used a PHONE VERIFICATION SYSTEM and since I did NOT have a landline phone registered in my name I had to send in a copy of a utility bill of which I faxed in with no problem. That bank was one of the BEST BANKS Ive dealt with in fact. The problem was they kept rates subsequently much lower and so I left.

No complaints with HSBC, just one mistake on being charged for a box of checks which they immediately corrected AND a cosmetic error involving ATM Deposits for savings but lately I havent gotten those errors so it could have been resolved. Has honored all promotions, and has retained me as a customer.

WaMU on the other hand treated me miserably before I even got to the point of having the checking account open. So they will NEVER GET MY BUSINESS, in fact it cost them BUSINESS WITH ME. Never will use WaMU ever again.

HSBC is the GOLD STANDARD if you Bank and its local since it provides the highest rate here of the LOCAL BANKS. If HSBC doesnt keep a higher than 5.14% rate AFTER the promo is up, then it becomes a 5.14% vs 5.05% option between Sterling Bancorp and HSBC here in my MARKET and it pays to still bank at HSBC because HSBC has MORE ATMs and NATIONWIDE LOCATIONS in the BEST AREAS.

Remember, there is NO NEED TO KEEP LARGE SUMS OF CASH in todays economy. HSBC's product for me fills EVERY NEED IMAGINEABLE and in fact HSBC has locations in all the areas I would move to.

HSBC goes for the higher class clientel and marketplaces on the overall whole (There are some exceptions), so someone at HSBC KNOWS THEIR STUFF for the US MARKET. I am saying this not as a shareholder but as a customer who has thoroughly researched his banking marketplace in the area because choosing a bank that is reliable and has what you need is very important in an economy which is based on wealth creation.

Again, the situation varies by market. But in areas with a LOCAL HSBC, HSBC has been king. Some situations COULD REQUIRE linking to another bank and pushing funds between the two however. But for me I never have needed to do such.

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Comment #41 by Anonymous posted on
Anonymous
I opened my HSBC account on Feb 10th 2007. Approved online joint account with my husband. Checked lived here more than 2 years phone number listed, and answered credit report question. No problem.
I got the trial deposits in a couple days and verified my linked account,
(my everyday credit union).
My initial deposit of $1 was posted on Feb 16th.
On February 20th I got the temporary passwords in the mail, logged on and linked my ING and other credit union. The next day I got those trial deposits, and verified them.
That day, Feb 21st I set up a weekly deposit from my credit union, starting today Feb 22nd, and also Transferred some money from my ING savings.
Today on Feb 22nd, the money has been withdrawn from ING and my credit union, but hasn't shown up in my HSBC yet. I guess it takes 2-3 day?? So Far a VERY long process!!
(also I got the Atm cards, but still no pin numbers.)
I have had ING for a year and a
half, and was quite impressed with them in the beginning. The set up was easy and money was transferred right away. It was much easier than HSBC. But since ING's rate hasn't changed and is now much lower than most others, I was looking to find a better place to keep my money. HSBC got my attention with the 6% promo ,so I chose them. But now, I'm not sure it was a good choice. It seems to take forever to access your money.

Any advise on which Bank has the best rates and is easy to use???

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Comment #42 by Banking Guy (anonymous) posted on
Banking Guy
About the transfer times, I'm afraid it can take up to 5 days if done before the weekend. The best time to initiate a transfer at HSBC Direct is on Monday or Tuesday.

It's hard to recommend a bank on the ease-of-use. For best rates, check out my weekly summary here.

1
Comment #43 by Anonymous posted on
Anonymous
Thanks for all the info on here, it`s a great site. I have a simple question regarding tax on the interest made in saving accounts. If for example I had $45,000 in the savings account at HSBC. The interest rate is 5.05%. Then I make around $2,272 for the year. Now if my salary was $85,000, that would make my income $87,272. At $85,000 the tax bracket means I would pay a standard $14,652.50 and also 28% of anything over $71,950. Which means I lose $636.30 of that $2,272 interest I make. I therefore get $1,636. Is this correct? I know its simple but I am new to this. Thanks.

1
Comment #44 by Anonymous posted on
Anonymous
Can anyone tell me how HSBC's service fees work? I am in the process of submitting my on-line savings app, but haven't pulled the trigger yet, as I am reading the T & C disclosure regarding their "Miscellaneous Bank Service Fees." What caught my eye were these fees: Funds TRF'd IN ($15 each) and Funds TRF'd OUT ($30 each). Are these fees actually charged against your balance when making transfers from/to your outside banking institution?

1
Comment #45 by zz (anonymous) posted on
zz
OK, April 30 is not that far off & I'm planning how to liberate my funds gracefully from my 6% HSBC Direct account. It looks like HSBC has an Interest Checking Account - http://bankdeals.blogspot.com/2007/02/75-bonus-for-hsbc-interest-checking.html
- which might even give a $75 bonus. Anybody know whether you can get this bonus even if you've already started an HSBC Direct account? I'm thinking that to avoid a VERY slow ACH-out process using the HSBC website (I tested with a small amount and it took 6 DAYS, albeit over a weekend), I should move funds from HSBC Savings to HSBC Checking online, which should be immediate, then manually deposit my HSBC check to my local bank (currently Natl. City is paying %5.25) in late April. Has anybody had bad or delayed experiences moving funds from HSBC Savings to Checking online?

1
Comment #46 by Anonymous posted on
Anonymous
regarding your interest made reaching the next tax bracket. Consider openeing an IRA to lower your adjusted gross income.

1
Comment #47 by Anonymous posted on
Anonymous
Thank you very much for comment regarding the IRA. It just clicked!

1
Comment #48 by Anonymous posted on
Anonymous
Be careful with the "no fees" with HBSC Direct. The account actually does have fees associated with some services. If you ask them about this, they will tell you that the "no fees" applies to the services that they don't have fees on, but "like all banks" they have fees on some services. I find this dishonest and am trying to close my account. Their customer service is terrible too.

1
Comment #49 by free@40 (anonymous) posted on
free@40
Finally, we receive the 2x$75 = $150 bonus from HSBC after a month worth of waiting. Thanks for the information. Read my blog here for the complete story.

1
Comment #50 by Anonymous posted on
Anonymous
Has anyone heard about the 10% APR Savings account offered by USAA?

1
Comment #51 by Anonymous posted on
Anonymous
HSBC says no minimum balance, but fine print says you must have $1 minimum balance to get interest.

1