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HSBC down to 1.25%
April 23, 2009
9:01 am
djino
Ottawa (Gatineau, Qc Area)
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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
":("

April 24, 2009
5:05 pm
Max
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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.

The day you become free is the day you work for fun.

April 24, 2009
7:02 pm
Shawguy
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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

April 29, 2009
10:53 am
Max
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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

The day you become free is the day you work for fun.

April 29, 2009
12:13 pm
djino
Ottawa (Gatineau, Qc Area)
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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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