HSBC raises rate to 4.65%, Presidential to 4.87% and 4.50%
After Citibank raised their rates to 4.75%, it seems some other banks are doing the same. HSBC raised their rates the rate on their online savings account to 4.65% apy. I’m a little dissapointed. I thought if they did make a move it would be at least to 4.75% to match Amboy, GMAC, and now Citibank. I already moved most of my money out after their rate dropped from 4.8 to 4.5. I guess with this rate increase I will keep the rest in for awhile as I will lose more interest during a transfer.
Presidential raised the rate on their premier savings to 4.87% apy and their internet checking plus to 4.50%. I haven’t tried either of these because of the minimum balance and direct deposit requirements but these increases make them very attractive to those that have this combo.