Saving Advice - View Single Post - HSBC Direct $25 Bonus vs Emigrant Direct Bank (Is ING even in the competition?)

ken1706 · #**149** (**permalink**) 03-15-2006, 03:03 PM

Quote:

Originally Posted by Sweepsplayer

Thanks as always, Ken. Looks like ED is suffering from rate envy...

Do you have a prediction on where HSBC will land after the promo ends?

HSBC has kept its savings account rate very close to the Fed funds rate over the last year. So if the Fed raises the funds rate to 4.75% on March 28, I think there's a good chance that HSBC may actually keep it at 4.8% after April 30th.