This blog contains some simple tips and advice from two regular guys. We're not accountants, financial advisors, or brokers, so follow, ignore, or discuss our ideas as you see fit.

Friday, September 28, 2007

Internet Savings Accounts: the honeymoon is over.

Okay, not really. I'm still in love with my Internet savings account with HSBC. But I just got this notification from them that I thought would be helpful to share:
We are writing to let you know HSBC Direct has adjusted your Online Savings Account interest rate to 4.50% APY*.This rate remains among America’s highest, at 10× the national savings average**—so you can continue to maximize your
savings growth with HSBC Direct, recognized as the “Best Online Savings Account”
by Kiplinger’s Personal Finance.

It was a good reminder that even savings accounts have variable return and that everyone should keep a close eye on ALL of their investments.

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