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Eeek! HSBC down to 4.5%! Eeek! HSBC down to 4.5%!

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Old 04-28-2006, 12:23 PM
sweeps sweeps is offline
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Default Eeek! HSBC down to 4.5%!
According to MyMoneyBlog.

GMAC, here I come....
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Old 04-28-2006, 01:47 PM
JoyJoy JoyJoy is offline
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Default Re: Eeek! HSBC down to 4.5%!
Just received my e-mail from HSBC advising 4.50 APY beginning May 1st; so it is official!
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Old 04-28-2006, 01:48 PM
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Default Re: Eeek! HSBC down to 4.5%!
How much interest is GMAC paying and who owns mymoneyblog??
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Old 04-28-2006, 02:05 PM
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Default Re: Eeek! HSBC down to 4.5%!
Ima, if only I had a nickel for each time you asked how much a bank is paying...

GMAC pays 4.75% on its money market account and 5.30% on a 1-year CD.

MyMoneyBlog is owned by a guy named Jonathan.
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Old 04-28-2006, 02:21 PM
JoyJoy JoyJoy is offline
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Default Re: Eeek! HSBC down to 4.5%!
Quote:
Originally Posted by Sweepsplayer
According to MyMoneyBlog.

GMAC, here I come....
Right behind ya Sweeps!
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Old 04-28-2006, 02:30 PM
Russell Russell is offline
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Default Re: Eeek! HSBC down to 4.5%!
The new HSBC rate is quite disappointing. I was hoping after a complicated signup I'd get to keep my money there for longer than 6 months...seems like every 6 months a new bank will out do the other. GMAC CD looks pretty good from over here...
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Old 04-28-2006, 02:35 PM
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Default Re: Eeek! HSBC down to 4.5%!
Thanks sweeps, I guess I owe you about $5 now!!
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Old 04-28-2006, 02:49 PM
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Default Re: Eeek! HSBC down to 4.5%!
Ima

Even if HSBC had matched GMAC at 4.75%, I would still go the GMAC route. The reason is the ACH transfers are reportedly very fast, you get check-writing privileges, and GMAC reimburses foreign ATM fees up to $6/month.

There is a $500 minimum balance and you get a hard credit pull the first time you open an account, but I'm fine with that.
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Old 04-28-2006, 03:58 PM
Russell Russell is offline
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Default Re: Eeek! HSBC down to 4.5%!
I don't get this credit pull thing. Everyone's doing it these days...heck so even if you give them your money they'll do a credit pull on you, something's wrong with this picture.
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Old 04-28-2006, 08:17 PM
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Angry Re: Eeek! HSBC down to 4.5%!
I am very disappointed, now come May 10th if they don't raise their rates then I will really be mad!!!!!
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Old 04-28-2006, 08:57 PM
coffeebreak coffeebreak is offline
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Default Re: Eeek! HSBC down to 4.5%!
I think ED will increase their rate to 4.75% a day or two before the May 10 Fed meeting. I expect the Fed to increase the funds rate to 5%.
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Old 04-28-2006, 09:31 PM
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Default Re: Eeek! HSBC down to 4.5%!
Let's see what the Fed does.
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Old 04-28-2006, 10:23 PM
CJsoccerchic CJsoccerchic is offline
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Default Re: Eeek! HSBC down to 4.5%!
Wow, the waiting is done and everyone hates HSBC now... it's funny... Hope that one of our favorites start stepping up.. preferebly ING, they are WAY out of the loop...
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Old 04-28-2006, 11:02 PM
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Default Re: Eeek! HSBC down to 4.5%!
I opened an account with Emigrant about a month ago. I keep waiting for them to increase. Been at 4.5% for too long. I'm confident they will before the next Fed meeting, they've always been ahead of the game. I also like E*Trade CD's right now (GMAC's are good too of course).
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Old 04-30-2006, 06:29 PM
Duchesse Duchesse is offline
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Default Re: Eeek! HSBC down to 4.5%!
Quote:
Originally Posted by JoyJoy
Right behind ya Sweeps!

Hut, two, three, four,
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Old 05-02-2006, 11:13 AM
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Default Re: Eeek! HSBC down to 4.5%!
will look at the gmac deal... bigger is always better when it comes to interest rates on money.
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Old 05-02-2006, 11:41 AM
RJB1180 RJB1180 is offline
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Default Re: Eeek! HSBC down to 4.5%!
For other options check this thread about Amboy Direct
http://www.savingadvice.com/forums/s...ad.php?p=55375
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