Signed up for the HSBC Online Savings Account
I received a flyer in the mail yesterday from HSBC for an offer to sign up for their Online Savings Account currently yielding 3.75% APY that included a $25 bonus. Since it is .25% higher than Emigrant-Direct (my main savings account) I decided to give it a try.
Highlights from the offer:
-Offer expires October 31, 2005 (Note: If I remember correctly I saw on the web site that the offer expires September 30, 2005, not sure which is true)
-No monthly fees, no minimum term
-Open an account with as little as $1
-Free HSBC ATM card (these seemed handy to me, no need to transfer money to my checking account before I can get to cash)
-$25 will be deposited in account within 45 days of account opening
Link to offer http://us.hsbc.com/rates
I signed up last night for my account. I was able to do everything online and link it to my Emigrant-Direct account for my initial deposit. I was a bit disappointed because the web site looked like it did pull my credit file as it asked my questions about other accounts I have, not sure why a savings account needs a credit check.
This will be my 3rd online savings account. I also have accounts with Emigrant-Direct (3.50%) and ING Direct (3.30%).
I'll post a follow up when I confirm I received my bonus money from HSBC.
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