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

[Realtor]

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

I'm not a fan of the gift card bonuses myself. I wonder how much they paid best buy for those $25 cards.

Probably not much since Best Buy's charge cards are issued by HSBC bank.

[RJB1180]

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

HSBC now upto 4.80% APY

[sweeps]

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

HSBC now up to 4.80% APY

Excellent. Thanks for the update, RJB.

[BTC]

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

ED better get in the game or I'll be looking for a new home sooner rather than later. The prospect of having about 10 savings accounts sounds like a potential hassle. There almost seem to be too many choices, but I guess that's good for us.

[Saluki96]

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

Sweet! I had questioned my decision because it was between GMAC and HSBC, I was gettting worried there for a while after picking HSBC and GMAC made the jump.

[BTC]

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

I would be content with HSBC, but their transaction times are the worst. I guess if you're just sitting on your money, it doesn't matter, but I'm always looking to maximize my return. The length of time it takes to transfer money in & out of HSBC is a definite factor when considering whether or not to pursue a higher rate.

[Saluki96]

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

BTC true. The intial deposits, the test ones, were in the next day. That was quick. It took about 4 days to get the bulk transfer I made to show up in the account. Not including the weekend of course. Always seems to be +'s and -'s with each bank. Just have to pick what you think will work for you.

[robby]

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

It seems to me, even with the introduction of some other online banks, that the competition between these two are still driving the online rate hikes. I hope it continues, but have the feeling it will begin to slow now that the 5% barrier has been broken.

[m.f.walters]

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

Hi, I'm new to the online savings account arena. I opened an Ing account recently and am thrilled with their customer service. Why are they getting trashed all of a sudden? Is the interest rate the only benchmark for quality? Just curious....Seems like maybe Ing is 1/4% behind, but I don't feel like switching accounts just for that? I don't have time to worry about new passwords, user IDs, pin numbers every time the interest rates change. What do savers here think? Should I change with every interest rate change? thanks in advance.

[BTC]

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

I got a Piggy Bank from Emigrant Direct the other day. It's in the shape of Uncle Sam's top hat. They've got it goin' on.

[rennigade]

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

BTC, did you purchase the piggy bank or did they send that to you free?

[Aleta]

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

When did they start sending the banks and why?

[BTC]

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

They sent it for free, but I'm not sure why. I only have about 5 bucks in that account right now. After I opened it and realized who it was from, I assumed they had sent one to all of their account holders.

[Aleta]

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

I Emailed and asked if I could have a bank. Haven't received anything back yet. It's great that we all can keep up with these things. Sometimes if you don't ask - you won't get anything.

[HiImSeth]

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

Do you guys think it's worth it to move my 7K from ING to Emigrant or HSBC for the 5.05% rate instead of the current 4.50% from ING? I've never had a problem at all with ING, but it seems ING has no interest in competing rate wise.. what do you guys think?