Daily Deal! 2.25% APY from HSBC Direct, 1.85% APY from ING Direct
by Rate Nerd on February 18, 2009
Generally I like to find you better rates than this, but I just got updated by both HSBC and ING that the current yield on their online savings accounts is now 2.25% APY (down from 2.45%) and 1.85% APY (down from 2.4%) respectively.

This sudden drop of 20+ basis points highlights the need to stay on top of current rates and to ACT sooner rather than later. And remember, with savings rates they drop faster than they rise.

Tagged as: Bank Deals, high interest savings, savings account, Savings Accounts
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By the way, here is a link to the MoneyAisle blog with some great insight into whats going on with todays rates, and why FDIC insurance really matters. http://blog.moneyaisle.com/2009/02/cd-rates-in-news-feb-18.html