[poundwise]

I think its hilarious that the rate is 5.05.... as opposed to 5.00. Amboy started this, I believe, just to be able to say that they were offering the highest rate of any of these no/low minimum plans. Apparently HSBC has followed suit.

More than caring about the .05% or what-have-you, I like to see these companies all showing an interest in maintaining a high rate offering and being competitive in this market. I believe, if memory serves, that in the last week or so, we have seen rate increases from Amboy, Capital One, and now HSBC. Not too long ago, GMAC and Emigrant raised their rates as well.

I have been one to defend ING, to some extent, for a while now... however, if they continue to offer 4.25 while virtually everyone else is 4.75 and higher, then you cannot help but question the wisdom in opening and/or maintaining an account with them. Perhaps we'll see them shift their rate upward soon too.

[Addendum: I see that ING is now 4.35. I'm glad to see a move upward even if unimpressive.]

Overall, my comment is, "Cool!" because I am very glad that we have these competiing organizations and the ability to earn this level interest on liquid accounts.