Maybe, but overall they are horrible. I didn’t even bank with them when I worked there. Their loan rates are shitty and customer service hideous. Plus I’d rather bank with HSBC and find a branch anywhere than a smaller regional bank anyday.
LOL
what is horrible about m&t? and for that matter, i dare you to differentiate their consumer lending and consumer banking products as well as customer service from another bank.
also, in terms of comparing m&t to other lending institutions, m&t was one of the lesser contributors to the sub-prime mortgage fall out. when comparing m&t’s write down of sub-prime mortgage assets to the competition, their main mortgage business was not nearly as dependent on crappy high risk loans. so from an investment perspective, m&t is certainly not crap (again, comparing within their industry).
sounds like your main beef with m&t is that they are regional. to each his own, i guess.
sorry to get off topic, back on :rolljerk:
people always have one negative experience, often not the service providers fault, and then swear up and down they suck. :shrug: not saying this is the case… just that it usually is 
:word:
m&t is a huge employer of people in the buffalo area. the success of buffalo is highly intertwined with the success of publicly traded companies here (M&T, National Fuel, Gibraltar Industries, Columbus McKinnon, Etc, etc). its just funny when people shoot out blanket statements based upon a singular experience.
you are right on many counts.
Mainly that all large companies have CS faults. Its pretty much SOP at certain levels.
If you’ve ever walked through a general customer service call center, You’d instantly see why.
Where does it say HSBC’s is an intro???
What it says isn’t that it’s an “intro” rate. It’s basically just a legal disclaimer that the rate will change in the future based on the economy. I.e. it won’t be 4.25% APY forever.
Etrade is 5.05% APY.
I think ING is 4.10 APY right now, probably lower than the rest. I’m too lazy to switch, since I already have direct deposit set up.
lol sam who pissed in your cheerios?
honestly i’ve never banked with m&t, HOWEVER, many of my friends do and they constantly have issues with stupid things. Overdraft fees and other random charges that they cannot get rid of. Yes I realize MOST of these things are based off of retarded errors by the consumer, however they don’t appear to be flexible at all on working with the customers.
I have banked with HSBC my whole life, and they have always treated me well. I have NEVER paid an overdraft, or overlimit fee. I’ve overdrawn or overlimited my CC, or paid late before and they have always reversed the charge with a phone call. To me, that is awesome.
Additionally… HSBC employs a few people in buffalo as well ya know, that gigantic building isn’t there for show 
I’ve had HSBC my whole life. My wife has had M&T her whole life.
From my average consumer point of view:
They’re both banks. They both do the same shit. They both offer the same services. Neither is better nor worse.
But there are more HSBC branches, which is convenient. Plus they’re worldwide, and so am I. :pimp:
Dear THOMAS,
We are writing to inform you that based on the recent drop by the Federal Reserve, HSBC Direct has adjusted your Online Savings Account rate to 3.80% APY*. At 8x the national savings average**, you are still earning one of America’s highest savings rates.
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i get cranky from time to time
all online savings account interest rates are currently dropping for obvious economic reasons.
M&T Holding on @ 4.05 APY… though not for long - the fed is expected tomake another 1/4 cut.
yep - i knew 5%+ wouldn’t hold… risk free 5% just isn’t sustainable over the long term.
Etrade is the shittiest company in the world to deal with.
I tried to open a savings account with them and fund it with ten grand.
I opened it online, then heard nothing for 2 weeks.
I called the number, and got put on hold for 30 minutes, before just hanging up.
A month later, I got a xeroxed letter in the mail, with multiple answers on it, and the one that applied to me was just circled in blue pen.
Basically they say my credit was not worthy to open an account with them (over 700 credit score).
So anyways, I said fuck them and opened one with hsbc.
No problems since.
I have had the HSBC online saving account since it came out. The bank has given me close to $1000 to store my money for me.
M+T keep messing up my checking account I had with them when I was young so F-them. They kept charging me $20 because they thought my account was inactive. This was their mistake, I would deposit my checks into the account weekly and over a period of about 8 months they charged me the $20 fee twice, so I told them got my money and closed out the account. Ever since then its been HSBC for most everything.
Also the cash back credit cards are nice too. 
My HSBC savings generally has a higher rate then most 1 year cd’s and I can actually use my money any time I want to.
not anymore it isn’t. the last year or so when this was actually the case was extremely rare.
oh definately. They can only pay out based on what they are collecting. Net Interest margin gets razor thin when loan rates drop.
i started a year and a half ago with internet savings, i got a firm 6.0% on my account, and overall i have 4 with hsbc, also my credit card had a year of no interest which expires in april, but i had a 4k credit line, bought my engine etc books for the enxt year and any parts i needed and ive been paying it off like a small loan over the last 9 months, payed off 9500 bux, worked out really well
theyre doing it again for noobs to their credit card except now its 6 months