I just received an Email from HSBC saying that their rates have changed. Now down to 4.50, effective as of 9/26/2007. Believe it or not, I moved the remainder of my funds from HSBC on 9/11. The fact that I had very little there and the extra paper work was reason enough for me to get it out of there. I will probably take everything except $10. out of ING as well. I'll transfer the rest to Emigrant Direct. So far, they are still at 5.05 but who knows for how long? I think that people will just start moving money out of these accounts as they go down. I would be better off with my bank's money market account at 4.50 which is locked in for the next 6 months.
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