HSBC Direct Drops Rate to 3.00% APY

10.28.08 | Online Savings Accounts | 0 Comments | by junger

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HSBC Direct, in line with many other online savings accounts, is dropping its interest rate to 3.00% APY.

The account previously had a 3.25% APY after a summertime promo of 3.50%.

FNBO Direct recently dropped its online savings account APY to 3.25%, while ING Direct and E-Loan fell to 2.75%.

Dollar Savings Direct has gone the other way, upping its rate to 4.00% APY. WT Direct is currently at a 3.31% APY.

We currently using HSBC Direct for our housing fund.

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