Question about Dave Ramsey

iVillage Member
Registered: 03-20-2007
Question about Dave Ramsey
2
Thu, 08-14-2008 - 11:54am

Has anyone used HSBC online bank? I have a GM credit card and got an offer to open a savings account with a 3.50% APR. I was just curious if anyone has an account with them and how they like it. Thanks!

Krg

iVillage Member
Registered: 11-17-2007
Thu, 08-14-2008 - 2:29pm
Just make sure they are insured. I used a couple of on line banks in the pass but they have been having problems so what little I have I pulled out and put in a local credit union they are paying 4.01 on a high checking I just put my saving into that.
iVillage Member
Registered: 05-09-2005
Thu, 08-14-2008 - 11:37pm
You should be fine with HSBC -- they are like Emigrant direct or ING direct. They are FDIC insured. 3.5% is one of the top rates currently for a savings account. They have the option to change the interest up or down though, so you are not really locked in to an interest rate like you would be with a CD. On the other hand, you have easy access to your money.
Megan