HSBC Online Savings Account Drops to 3.80% APY

01.29.08 | Online Savings Accounts | 0 Comments | by junger

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HSBC has dropped the rate of its online savings account again, in response to the Fed's rate cuts of the past few weeks.

hsbcratechange.gif

HSBC's online savings account is at 3.80% as of Tuesday, down from 4.25%. That's a pretty big cut — moving beneath 4.00% for the first time in a while.

With chances for more rate cuts this week, don't be surprised if your accounts continue to fall.

HSBC Direct will continue to evaluate and respond to market changes so we can provide you with competitive rates. And if your rate changes, whether up or down, we are committed to always letting you know.

HSBC's online payment account is currently at a 2.50% APY, with online CDs up to 2.85%.

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