2006-06-17 12:33:35 · 7 answers · asked by Mirko P 1 in Business & Finance ➔ Personal Finance
CitiBank offers 4.75% for their eSavings account. Citi has a better Brick & Mortar presence than HSBC through out the U.S.
HSBC, I think is confined only to NYC. If you're from NYC, then it's good, but then again you might also want to consider Citi...which is also quite prevalent in NYC.
If you're already sold on HSBC, but don't have access to your funds all the time, say via. ATM, Bank etc. near your residence, there is a work around for this. sorta...
Along with HSBC Online Savings Account, also open a FREE Checking Account. Get a DEBIT CARD and NOT the ATM Card. ( You get only ATM card with just Savings account ). Then you can use your debit card in grocery store, cvs...etc...where you can get cash back, after your purchases. There is a limit on how much $$$ you can get per transaction like this. You cannot get hundreds of $$$ like you do from ATM.
Keep most of your funds in HSBC Savings account and move them online to your linked HSBC Checking account whenever you think you may need them...say while you're travelling and all.
Hope this helps.
p.s.
4.75% (Citi), 4.65% (HSBC), 4.73% (PayPal)...all are most likely to go up, end of this month when the FEDs, raise the interest rate again...as anticipated by everyone
2006-06-17 15:51:16 · answer #1 · answered by DCentGuy 2 · 0⤊ 0⤋
They do offer great rates and typically their sites are very well protected. However, your information is often stolen from your computer because of a lack of protection on your end. Best bet is to invest in a hardware firewall.
The only con I've found with ING is that it takes about 2 days for the transfer to be complete.
2006-06-17 19:45:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You might earn a better rate for a bank that has no brick and mortar in your area, however getting access is not easy when you need it. Make sure you have good firewalls when using the web for finances. Never use a public computer to check your information or account.
2006-06-17 19:43:03 · answer #3 · answered by Bryan W 1 · 0⤊ 0⤋
With the high rate of Identity theft online I would say the less financial undertakings online the safer you are. My info was hacked off the federal trade commisions site. Good Luck to you............smiles
2006-06-17 19:40:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You will find the best rates offered by Credit Unions. Since they are owned by their members (You) the can offer the best rates and beter member services. They are looking after you and not a stock holder.
2006-06-17 20:40:14 · answer #5 · answered by John H 4 · 0⤊ 0⤋
Pros great rates
Cons remote access
2006-06-17 19:36:35 · answer #6 · answered by loligo1 6 · 0⤊ 0⤋
make sure it is compunded monthly, in the long run it can be a differece of like 30 a year with 1,000 deposit (example) then if you have one that is compounded montly.
2006-06-17 20:49:56 · answer #7 · answered by jmseymour1 2 · 0⤊ 0⤋