HSBC Direct $25 Bonus vs Emigrant Direct Bank (Is ING even in the competition?)

[BTC]

Originally Posted by kez

Nope, it's a promotion. It will end April 30.

That blows

[sweeps]

Originally Posted by kez

Nope, it's a promotion. It will end April 30.

Is it only for "new money" (similar to what ING is doing)?

[kez]

Is it only for "new money" (similar to what ING is doing)?

Not sure. I'm thinking it's for all and not just new deposits. We'll probably learn more tomorrow.

[JoyJoy]

Wow! Received my Saving Advisor e-mail today which states HSBC will be paying 4.8% promo through April. WTG!!

[Frugal_Cheap_Pants]

Trying to keep up here...learning alot from you all and I'm very thankful for that...

Can DH and I open seperate accounts and each receive the $25 bonus?

Thanks again for all the knowledge you all lend to those of us still learning about finances.

[benckao]

Verified. I had a few questions for HSBC and while I was waiting for a Rep, the background music/announcement verified 4.8% until April 30th! I validated this with the rep as well. Go HSBC!!! I just opened an account there too.

Cheers,
Ben

[Kirby]

I signed up for HSBC last week not even expecting this deal. What a nice surprise!!

[fratkid21]

I havent got any email about 4.8%... is this for new customers only? or for new money only? does anyone have the email that they can forward to me (fratkid21@aol.com).

Also, in ref. to their slow transfer times: I took a cashiers check from Bank of America, and deposited at the HSBC atm yesterday, now we will see how long it takes for the money to post to my account....

[Ima saver]

So the new rate is only good until April 30th? I guess I am too lazy to move my money around.

[kez]

Originally Posted by fratkid21

I havent got any email about 4.8%... is this for new customers only? or for new money only? does anyone have the email that they can forward to me (fratkid21@aol.com).

Also, in ref. to their slow transfer times: I took a cashiers check from Bank of America, and deposited at the HSBC atm yesterday, now we will see how long it takes for the money to post to my account....

I don't think there was an email, it appeared on their rates page.

[jeffrey]

Here are the details of the HSBC 4.8% promotion

http://www.hsbcdirect.com/1/bonus.ht...AV&code=direct

[fratkid21]

Okay...

thank you for that link, I have pritned it out to keep it in my files just in case! It says everyone is eligible, so WOOHOO!

On another note, about the ATM deposit: I deposited the money on tuesday, and it is showing up in my account today (2 days vs. one week for transfer) --- so, if anyone is near an ATM, i recommend doing ATM deposit with cashiers check!

[fratkid21]

OK, I actually got an email today from HSBC, stating the 4.8 increase and how they are comparing themselves to ING... stating that they are giving the increase on old money too, unlike ING!!!

[BignRichfan]

We apply this HUGE rate to your entire balance!!!!!!!not just new deposits or new accounts
Announcing your 4.80% APY* Fat Savings Bonus.

After watching your savings grow BIGGER - you now have an extra incentive to make your money even FATTER.

Starting today through April 30, 2006, your HSBCdirect.com Online Savings account will earn a MASSIVE 4.80% APY*.

We apply this HUGE rate to your entire balance - not just new deposits or new accounts.

No arbitrary minimums. No hidden fees. No disclaimers. No kidding.

So get GIGANTIC with the 4.80% APY* Fat Savings Bonus and move more money into your HSBCdirect.com Online Savings account today!

[genchan]

This rate lasts until April. Anyone have a guess at what it will go to after that? Do you think it will go back down to 4.25% or do your think they will up it a bit to 4.5%?

[sweeps]

My shot-in-the-dark guess is that they'll go to either 4.30% or 4.35%. They've proven that they want to stick it to Emigrant and ING, and staying 5 or 10 basis points over them is probably enough.

[onsweep]

What happens if you make a deposit at a non-HSBC ATM or make a withdraw from a non-HSBC ATM?

I understand the ATM owner's bank can charge me a fee, however, does HSBC charge me a fee for conducting business at a non-HSBC ATM

[sweeps]

Yes, the fee is $1.50.

EDIT: According to a post on epinions, you can withdraw without fee from any ATM listed at Alliance One. I have not confirmed this though.

[fratkid21]

i am not sure about HSBC's charge at other atms, but i am sure that there will be 2 fees, on from hsbc and one from the bank that you are using...

i however, do not recommend making a deposit at a "foreign" atm.

[jerseyguy]

I opened an account with them about 4 days ago and there customer service was excellent. Very helpful with signing up online. My transfer funds went thru smoothly and plan on sending them more funds while I have 4.8% rate thru April. They told me that for the past year the rate has been at 4% and above and anticipate the rate to still be around there when the promotion period is over.