HSBC down to 1.25% | HSBC Direct | Discussion forum

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HSBC down to 1.25%  

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9:01 am
April 23, 2009


djino

Ottawa (Gatineau, Qc Area)

Member

posts 209

HSBC down to 1.25%

I guess its all about credit card rewards now since we are not getting a thing from deposits anymore.

djino
":("

5:05 pm
April 24, 2009


Max

Member

posts 111

I really don't get how they could get so slow.

I thought the whole point of High Interest Savings Account was that if you do not have a physical institution and you do not have to pay employees, or at least less, you could give out more interest on the 4% interest you offer your loans.

1.25% is far from being generous and this will bring all my money under my mattress.

My mattress is far more comfy with all my money under it.

7:02 pm
April 24, 2009


SG

Member

posts 25

The nice thing about HSBC though compared to others like Citizens and HSBC…is you don't need a chequing account on the side to get the unlimited transactions… you can keep all your eggs in one basket…and still get a decent rate in today's market.

With PC or Citizens you get a limited number or you have to transfer to chequing in order to access funds.

Still I agree – terrible rates across the board

10:53 am
April 29, 2009


Max

Member

posts 111

When I got in internet banking 2 years ago, I felt so clever being able to take profit of a 4.5% and having unlimited accessibily to my money.

Now with 1.6% at ICICI and 1.25% at HSBC…. I feel a bit different

My mattress is far more comfy with all my money under it.

12:13 pm
April 29, 2009


djino

Ottawa (Gatineau, Qc Area)

Member

posts 209

Agreed.

You can't get much from Savings these days, its all about Credit Card Cashback Rewards now!

djino
"MBNA Smart Cash Card :) "

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HSBC down to 1.25%

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