Comments on: HSBC Direct Ups Online Savings Account to 3.50% APY, Temporarily http://www.onlinesavingsblog.com/2008/06/02/hsbc-direct-ups-online-savings-account-to-350-apy-temporarily/ Personal finance, online finances, and more. Fri, 21 Nov 2008 01:09:20 +0000 http://wordpress.org/?v=2.6.3 By: Peder Rice http://www.onlinesavingsblog.com/2008/06/02/hsbc-direct-ups-online-savings-account-to-350-apy-temporarily/#comment-1151 Peder Rice Tue, 03 Jun 2008 01:31:11 +0000 http://www.onlinesavingsblog.com/?p=405#comment-1151 I'd be inclined to agree that this move is aligned with the stimulus check, but I'd also throw out there that HSBC Direct has a history of very aggressive interest rates, perhaps temporarily to grow market- and mindshare, or just because this new marketplace of online savings accounts is very competitive. First National Bank Online has consistently offered higher rates than HSBC Direct, and HSBC might not be able to lower rates. I'd be inclined to agree that this move is aligned with the stimulus check, but I'd also throw out there that HSBC Direct has a history of very aggressive interest rates, perhaps temporarily to grow market- and mindshare, or just because this new marketplace of online savings accounts is very competitive.

First National Bank Online has consistently offered higher rates than HSBC Direct, and HSBC might not be able to lower rates.

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