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HSBC Direct offers 6.00% on New Money deposits

Posted by Clever Dude | January 28, 2007 .

I’ll go ahead and jump on the bandwagon to get the word out. I just signed up for my new HSBC Direct savings account, which will earn me 6% APY through April 30th. That’s better than their normal 5.05% rate on existing money in the account.

If you already have an HSBC Direct account, then you can move money out then back in through a transfer to get the higher rate.

HSBC Direct Web Site

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3 Comments so far

  1. 1mil January 28, 2007 11:25 pm

    Great minds think alike.

  2. moneysmartlife January 29, 2007 12:31 am

    Cool beans! I think I’ll move my emergency fund from ING Direct over to HSBC, hard to beat 6% on a savings account!

  3. Nick January 29, 2007 8:51 am

    Only new money qualifies for the rate, so transferring money out and then back in won’t work. ING Direct did something similar to this last year and it upset a lot of loyal customers who had all their savings there.

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