ONLINE SAVINGS ACCOUNTS WITH HSBC ADVANCE
Do you have a savings account that is connected to your checking account? If you do, any money in it is probably earning a sad one tenth to one quarter of a percent. Yes, that’s right, a whole .001% to .0025% which is in my book the same as nothing.
There is no doubt that people have become very comfortable with online banking and online purchasing now that we are already in 2010. Conducting transactions online is mainstream and it will only get more so in the future. So, why not have your money in an online savings account as well?
If you are trying to determine when will interest rates go up, you probably are starting to understand that it may be a while. It may be several years before we see any meaningful movement in interest rates. So, you need to find a place to put your money that will get a better rate of return than just your average savings account at the local bank.
You can earn 1.10% APY* with HSBC Advance. No fees, no minimums, FDIC-insured.† See all details at www.us.hsbc.com. With this kind of online savings account, you will have access to your money all the time just in case interest rates do go up. It’s pretty similar to a money market account with perhaps a little better rate. You can link up any type of other account to your HSBC online savings account if you like or you can just put your savings in it.
The important thing to understand is that everything is moving online in today’s world and to get the best interest rates, you should be be looking and willing to open online accounts. You probably will not be finding the best money market interest rates or any other type of interest rates at your local banks anymore as the Internet is the place to find them.
