HSBC Advance Savings Rate Decrease to .80

HSBC Advance (0 stars) - Details

From .90 to .80 as of may 5th 2011.

You'd think Advance would mean rate increases. Who knew?

Mike276 posts since
Feb 22, 2010
Rep Points: 704

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1. Thursday, May 5, 2011 - 4:32 PM

They never did seem to heavily advertise their new "HSBC Advance" name. I wonder if they're losing their interest (no pun intended) in offering an online savings account. If they were serious about the online savings account market, you would think they would at least keep the rate even to ING Direct's Orange Savings.

KenBDG5,133 posts since
Nov 29, 2009
Rep Points: 116,939

2. Monday, May 9, 2011 - 10:40 AM

Remember the days when HSBC's Online Savings Account paid the highest rate out there?

Now, HSBC Advance ("HSBC Retreat" would be a more appropriate name) has just lowered their rate to a measly .80%!

Instead of keeping my money in an online savings account which pays so little, I'm better off keeping my money under my mattress!

Bababooey1 posts since
May 9, 2011
Rep Points: 3