[wyett3]

Originally Posted by sweeps

A .70% spread is a lot different than a .06% spread.

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I find that ED posts deposits soonest (although held 5 days before funds are available), even having the funds appear in both banks at once, and holds withdrawals a little longer too. While HSBC's system doesn't credit deposits until they've cleared (in 3 days) and deducts withdrawals immediatly. Are they both using the ACH system, going through the Federal Reserve? Is ED on a different system as they only link to checking accounts? E-loan seemed to do instant transfers and could link to either checking or savings.