# Another 5.05% APY Online Savings (v.local bank)
**URL:** https://forums.speedlife.net/t/another-5-05-apy-online-savings-v-local-bank/35404
**Category:** NYSpeed Off Topic
**Created:** [September 15, 2007, 9:16am UTC](https://forums.speedlife.net/t/another-5-05-apy-online-savings-v-local-bank/35404 "2007-09-15T09:16:40Z")
**Posts on this page:** 10
**Page:** 1
### Author:  [@Nikuk](https://forums.speedlife.net/u/Nikuk)
#### Post date: [September 15, 2007, 9:16am UTC](https://forums.speedlife.net/t/another-5-05-apy-online-savings-v-local-bank/35404/1 "2007-09-15T09:16:40Z")
[https://services.mandtbank.com/personal/daily/savings\_emoneymkt.cfm](https://services.mandtbank.com/personal/daily/savings_emoneymkt.cfm)
:fyi:
Just opened mine, took ~4 minutes & NYS DrvLic number.
In for $1.04 int/day before compounding.
:tspry:
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### Author:  [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)
#### Post date: [September 15, 2007, 9:53am UTC](https://forums.speedlife.net/t/another-5-05-apy-online-savings-v-local-bank/35404/2 "2007-09-15T09:53:45Z")
Good calls on the word spread. Im using etrade for my savings(same rate) but im not so happy I might look elsewhere. I love 5.05% because im too much of a puss to invest in anything so savings FTW.
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### Author:  [@Red99GTVert](https://forums.speedlife.net/u/Red99GTVert)
#### Post date: [September 15, 2007, 12:19pm UTC](https://forums.speedlife.net/t/another-5-05-apy-online-savings-v-local-bank/35404/3 "2007-09-15T12:19:58Z")
I’ve had a 5% APY online savings acct with HSBC for a year now, made ~$200 in interest so far. Not a bad deal at all.
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### Author:  [@Justin](https://forums.speedlife.net/u/Justin)
#### Post date: [September 15, 2007, 12:23pm UTC](https://forums.speedlife.net/t/another-5-05-apy-online-savings-v-local-bank/35404/4 "2007-09-15T12:23:54Z")
is this only for a limited time?
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### Author:  [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)
#### Post date: [September 15, 2007, 12:30pm UTC](https://forums.speedlife.net/t/another-5-05-apy-online-savings-v-local-bank/35404/5 "2007-09-15T12:30:23Z")
Negative
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### Author:  [@Nikuk](https://forums.speedlife.net/u/Nikuk)
#### Post date: [September 15, 2007, 1:25pm UTC](https://forums.speedlife.net/t/another-5-05-apy-online-savings-v-local-bank/35404/6 "2007-09-15T13:25:16Z")
[quote=“01AudiS4,post:4,topic:35404"”]
is this only for a limited time?
[/quote]
no. life of account. no fees, $1 minimum to earn interest
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### Author:  [@avs](https://forums.speedlife.net/u/avs)
#### Post date: [September 15, 2007, 4:13pm UTC](https://forums.speedlife.net/t/another-5-05-apy-online-savings-v-local-bank/35404/7 "2007-09-15T16:13:27Z")
[quote=“Red99GTVert,post:3,topic:35404"”]
I’ve had a 5% APY online savings acct with HSBC for a year now, made ~$200 in interest so far. Not a bad deal at all.
[/quote]
Then you get rape on your income tax. In reality you get roughly about 150.
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### Author:  [@ly555is](https://forums.speedlife.net/u/ly555is)
#### Post date: [September 15, 2007, 4:25pm UTC](https://forums.speedlife.net/t/another-5-05-apy-online-savings-v-local-bank/35404/8 "2007-09-15T16:25:07Z")
income tax is a fact of life. at least you get a good chunk of it that you would’ve have before doing this. good find 🙂
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### Author:  [@jabbu](https://forums.speedlife.net/u/jabbu)
#### Post date: [September 15, 2007, 4:33pm UTC](https://forums.speedlife.net/t/another-5-05-apy-online-savings-v-local-bank/35404/9 "2007-09-15T16:33:26Z")
I’ve been with HSBC’s “online” savings since it was released, made at least 1k+ in interest in the years. Can’t beat it, wish they’d allow more depos/withdraws per mo but i’ll/have lived with their limits so far.
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### Author:  [@Nikuk](https://forums.speedlife.net/u/Nikuk)
#### Post date: [September 15, 2007, 4:41pm UTC](https://forums.speedlife.net/t/another-5-05-apy-online-savings-v-local-bank/35404/10 "2007-09-15T16:41:55Z")
[quote=“avs,post:7,topic:35404"”]
Then you get rape on your income tax. In reality you get roughly about 150.
[/quote]
You’re right, $0 \>\>\> $150 income.
:gtfo: