Daily Deal! 1.85% APY from HSBC Direct, 1.85% APY from ING Direct

Sorry to say that savings rates continue to trend down.   I just got updated by both HSBC and ING that the current yield on their online savings accounts is now 1.85% APY (down from 2.25%) and 1.85% APY (down from 2.4% a few weeks ago) respectively.

This sudden drop of 40 basis points highlights the need to stay on top of current rates and to ACT sooner rather than later.  Be sure to read High Interest Savings Accounts – Top 5 Things to Look For before investing. Remember, with savings rates they drop faster than they rise.

Tagged as: bank, Bank Deals, high interest, high interest savings, high-yield, HSBC Direct, ING DIRECT, Interest Rates, money market account, savings account, Savings Accounts

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