HSBC Direct Drops Online Savings Account to 3.25% APY

09.16.08 | Online Savings Accounts | 2 Comments | by junger

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After a summertime promotion, HSBC Direct is lowering its online savings account APY to 3.25% APY.

The account had offered a 3.50% APY, originally launched in June but extended until 9/15 about half-way through the promo.

While I'm a fan of HSBC and use it to hold our housing fund, dropping back to 3.25% puts it further out of the top-rate leaderboard, with DollarSavingsDirect (3.75% APY), FNBO Direct (3.50% APY) and WT Direct (3.26% APY) leading the way.

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