HSBC online savings now at 4.25%
Went to check my HSBC balance today and noticed they’ve bumped their interest rate to 4.25%. That’s the best I’ve seen anywhere and certainly kicks the crap out of Virtualbanks 3.55% rate. I imagine some of the other banks will follow suit shortly but so far I’ve been very happy with HSBC and plan to keep using them as my primary bank. I may even just close my Virtualbank account, especially now that I’ve linked my TreasuryDirect account to HSBC and Netbank.
Kind of a pity that my current 0% balance is coming due and we haven’t gotten any new offers. The best I’ve seen recently is 1.99% for the life of the balance which isn’t bad but is not enough of a return after tax to make it worth my while.
For those of you who don’t have an account already there is a $25 account opening bonus available. Details (courtesy of
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