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.