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Tuesday, June 03, 2008

HSBC Direct promotion - 3.50% APY on Online Savings a/c through Aug 15, 2008

The rising inflation has at least one upside - it's likely to prompt the Feds to jack up the interest rates, which means interest rates on CDs, savings a/c are also expected to increase going forward. HSBC Direct seems to have decided to increase the rates on its online savings a/c immediately (although only for a limited duration) rather than wait for the Feds to increase the rates. From Jun 2 through Aug 15, 2008, HSBC Direct is offering 3.50% APY promotional rate on its online savings a/c.

For details on rates for various a/c at HSBC, see:

HSBC Direct: Personal Savings Product

posted by Ruby @ 8:43 AM

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