HSBC Direct has dropped the rate on its online savings account to 1.55% APY, down from 1.65%. This puts it right ahead of mainstay ING Direct (1.50%) but behind FNBO Direct (1.90%) and WT Direct (1.76%). With the Fed rates still at nearly zero, online savings accounts haven’t seen their rates have any major shifts […]
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New research out today: 49% of the “online population” does most if not all of its banking on the Internet. That’s according to HSBC Direct. (read the press release here) “People are increasingly turning to Internet banking because of the increased convenience, independence and typically better value that it offers,” said Kevin Martin, EVP of […]
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