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

[benckao]

Re: HSBC paying 4.8% through mo of April

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]

Re: HSBC 4.8% through April, 2006

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

[fratkid21]

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

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]

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

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

[kez]

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

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]

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

Here are the details of the HSBC 4.8% promotion

http://www.hsbcdirect.com/1/bonus.htm?ceprod=ESAV&code=direct

[fratkid21]

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

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]

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

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]

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

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]

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

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]

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

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]

ATM Fees

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]

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

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]

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

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]

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

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.