# HSBC savings at 4%
**URL:** https://forums.speedlife.net/t/hsbc-savings-at-4/4266
**Category:** NYSpeed Off Topic
**Created:** [November 7, 2005, 9:25am UTC](https://forums.speedlife.net/t/hsbc-savings-at-4/4266 "2005-11-07T09:25:48Z")
**Posts on this page:** 16
**Page:** 1
### Author:  [@Geehee](https://forums.speedlife.net/u/Geehee)
#### Post date: [November 7, 2005, 9:25am UTC](https://forums.speedlife.net/t/hsbc-savings-at-4/4266/1 "2005-11-07T09:25:48Z")
Anyone else use HSBC for an online savings? 4% APY, no minimum balance, no fees, and if you use HSBC already everything is listed right on the same page as your checking/savings account. I can transfer money instantly into my checking account from here and have it available instantly, no 10 days of waiting to recieve my money.
BTW it just went up to 4% in the last couple days. only other comparable service is EmigrantDirect, at 4% as well, with no minimum, no fees, but your money isnt readily available.
You can only apply for this online.
//posted to let members know
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### Author:  [@Geehee](https://forums.speedlife.net/u/Geehee)
#### Post date: [November 7, 2005, 9:32am UTC](https://forums.speedlife.net/t/hsbc-savings-at-4/4266/2 "2005-11-07T09:32:04Z")
link :
> **[HSBC Personal Banking](https://www.us.hsbc.com/)**
>
> Enjoy a range of products and services with HSBC personal and online banking. Loans, mortgages, savings, investments and credit cards.
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### Author:  [@Daddie](https://forums.speedlife.net/u/Daddie)
#### Post date: [November 7, 2005, 9:33am UTC](https://forums.speedlife.net/t/hsbc-savings-at-4/4266/3 "2005-11-07T09:33:52Z")
I’m thinking, because ING just went up to 3.5%
But the 4% isn’t always 4%…
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### Author:  [@Nikuk](https://forums.speedlife.net/u/Nikuk)
#### Post date: [November 7, 2005, 9:57am UTC](https://forums.speedlife.net/t/hsbc-savings-at-4/4266/4 "2005-11-07T09:57:46Z")
APY and APR are two different things, but either way, that is an awesome rate for a conventional savings account.
Paypal nets me 3.89% APR, so I stick with that.
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### Author:  [@dozr](https://forums.speedlife.net/u/dozr)
#### Post date: [November 7, 2005, 10:15am UTC](https://forums.speedlife.net/t/hsbc-savings-at-4/4266/5 "2005-11-07T10:15:11Z")
Shit, I have that account already, I wonder if it goes up to 4% for me too?
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### Author:  [@Geehee](https://forums.speedlife.net/u/Geehee)
#### Post date: [November 7, 2005, 10:17am UTC](https://forums.speedlife.net/t/hsbc-savings-at-4/4266/6 "2005-11-07T10:17:17Z")
> [@dozer](#):
>
> Shit, I have that account already, I wonder if it goes up to 4% for me too?
yep
and its a 3.93 APR. the emigrant offer i mentioned is 3.92 APR
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### Author:  [@walter](https://forums.speedlife.net/u/walter)
#### Post date: [November 7, 2005, 10:47am UTC](https://forums.speedlife.net/t/hsbc-savings-at-4/4266/7 "2005-11-07T10:47:09Z")
emigrant FTW
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### Author:  [@duck](https://forums.speedlife.net/u/duck)
#### Post date: [November 7, 2005, 12:27pm UTC](https://forums.speedlife.net/t/hsbc-savings-at-4/4266/8 "2005-11-07T12:27:23Z")
i’ve had ING for quite a while. yes it’s only at 3.5% as opposed to the 4% some are offering, but i TRIED to set up an HSBC web savings account and you’d think it would be easy since i HAVE hsbc, but despite calls to their clueless customer service it would have made me jump through too many hoops. I prefer the convenience and extremely helpful customer service of ING 🙂
I’m VERY happy and I’m making $50 in interest a month plus referrals.
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### Author:  [@Janny](https://forums.speedlife.net/u/Janny)
#### Post date: [November 7, 2005, 12:29pm UTC](https://forums.speedlife.net/t/hsbc-savings-at-4/4266/9 "2005-11-07T12:29:57Z")
HSBC 4L.
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### Author:  [@Geehee](https://forums.speedlife.net/u/Geehee)
#### Post date: [November 7, 2005, 12:34pm UTC](https://forums.speedlife.net/t/hsbc-savings-at-4/4266/10 "2005-11-07T12:34:42Z")
hrm, ive had my account for months with no problems, and no problems setting it up. i didnt experience any hoops or anything i would need to call cs about.
i mean its not like i really care what everyone uses for a savings account, i was just spreading the news that its up to 4%.
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### Author:  [@Z\_PHAT\_Z](https://forums.speedlife.net/u/Z_PHAT_Z)
#### Post date: [November 7, 2005, 10:55pm UTC](https://forums.speedlife.net/t/hsbc-savings-at-4/4266/11 "2005-11-07T22:55:07Z")
- Annual Percentage Yield (APY) is accurate as of 11/2/05. The rate may change after the account is opened. Minimum balance to obtain APY is $1.00. Fees may reduce earnings on the account.
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### Author:  [@walter](https://forums.speedlife.net/u/walter)
#### Post date: [November 8, 2005, 6:24am UTC](https://forums.speedlife.net/t/hsbc-savings-at-4/4266/12 "2005-11-08T06:24:06Z")
Ewww - fine print :tdown:
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### Author:  [@duck](https://forums.speedlife.net/u/duck)
#### Post date: [November 8, 2005, 6:26am UTC](https://forums.speedlife.net/t/hsbc-savings-at-4/4266/13 "2005-11-08T06:26:19Z")
> [@Z PHAT Z](#):
>
> - Annual Percentage Yield (APY) is accurate as of 11/2/05. The rate may change after the account is opened. Minimum balance to obtain APY is $1.00. Fees may reduce earnings on the account.
“fees”? what fees… psh
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### Author:  [@Geehee](https://forums.speedlife.net/u/Geehee)
#### Post date: [November 8, 2005, 8:05am UTC](https://forums.speedlife.net/t/hsbc-savings-at-4/4266/14 "2005-11-08T08:05:47Z")
i havnt seen any fees, and ive had the account ~5 months. :shrug:
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### Author:  [@BiPMCss](https://forums.speedlife.net/u/BiPMCss)
#### Post date: [November 8, 2005, 6:38pm UTC](https://forums.speedlife.net/t/hsbc-savings-at-4/4266/15 "2005-11-08T18:38:53Z")
Yea… they raised the Interest rate to push the online Banking.
The Promotional campaign started this week.
In the long run its cheaper for HSBC to have online Accounts
_HSBC Employee… Protecting your Accts from Fraud_
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### Author:  [@Viper966](https://forums.speedlife.net/u/Viper966)
#### Post date: [November 8, 2005, 8:12pm UTC](https://forums.speedlife.net/t/hsbc-savings-at-4/4266/16 "2005-11-08T20:12:56Z")
paypal has 4% as well… but its paypal and they can always just steal ur money