# FYI: HSBC Online-Only Savings 4.25% APY

**URL:** <https://forums.speedlife.net/t/fyi-hsbc-online-only-savings-4-25-apy/41158>\
**Category:** NYSpeed Off Topic\
**Created:** [January 3, 2008, 11:09am UTC](https://forums.speedlife.net/t/fyi-hsbc-online-only-savings-4-25-apy/41158 "2008-01-03T11:09:47Z")\
**Posts on this page:** 1\
**Showing post:** 7

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**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\
**Post date:** [January 3, 2008, 11:19am UTC](https://forums.speedlife.net/t/fyi-hsbc-online-only-savings-4-25-apy/41158/7 "2008-01-03T11:19:34Z")

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ummm… most savings account compound daily, not annually.

So, $217.07

and, [4.75%](https://services.mandtbank.com/personal/daily/savings_emoneymkt.cfm) \> 4.25% :fyi:

> Pricing  
> No minimum balance, no monthly service fee  
> $1 per withdrawal in excess of 4 per month
> 
> Other Features and Services  
> Free M&T Web Banking  
> Free account access at over 1,600 M&T Bank ATMs2  
> Four free withdrawals, including telephone transfers, per month  
> Plus - Direct Deposit, Electronic Statements, Easy Save  
> This product is not available for non-personal accounts
> 
> Interest Rates  
> Interest is compounded daily and paid monthly.

**_M&T Bank online savings is not an intro rate…_** from personal experience

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