Comments on: HSBC Direct Is Running A 6.00% APY Promotion: The Simple Dollar Investigates How Much It’s Really Worth

By: T. Blake

T. Blake — Wed, 18 Jul 2007 19:10:32 +0000

I found your site since it refers to ours. Let me say HSBC is probably very good at this point if they do not adopt too much from HSBC Finance Corp. Yes, HSBC is suffering from their purchase of the predator, formerly Household International. What I find very unfortunate is HSBC did not change Household International to fit the well-heeled HSBC image. Racketeering, RICO, suits, settlements, bad service – they all come from HSBC Finance Corporation and their interaction on behalf of over 60 merchants. HSBC Plc and HSBC USA suffer accordingly. Many people judge HSBC as one entity, and perhaps they are right to do so.

By: Michelle

Michelle — Sun, 18 Feb 2007 16:45:24 +0000

I looked into ING and HSBC the other day. ING looks pretty good, but I’m not sure I want to trust HSBC with my money. See http://householdwatch.com/ for information on how they treat their credit card customers. Do you think I’m overreacting?

By: TFB

TFB — Sun, 04 Feb 2007 23:18:37 +0000

“However, the best way to leverage this feature is to deposit a large amount into the account. Let’s say Jill deposits $50,000 into her HSBC account next Monday morning, …”

The bigger question is why is Jill keeping $50,000 in cash? Does Jill have any debt? Is Jill contributing the maximum possible to her 401k and IRAs? Should Jill invest $X from her $50,000 in a mutual fund for better return longer term? Should that $X be $10,000? $20,000? $30,000? Finding out a *temporary* good rate for one’s money is great, but if this causes Jill to miss out the bigger questions, she is worse off in the end.

By: Don

Don — Sun, 04 Feb 2007 04:33:29 +0000

Trent, where is your primary savings, if not at HSBC? ING?

By: James Denyer

James Denyer — Sat, 03 Feb 2007 22:06:39 +0000

Funny, I’ve been with HSBC UK (formerly Midland Bank) since I was a student twelve years ago. I’ve finally woken up to my 0.1% interest rate and am about to switch to Alliance & Leicester Direct at 6.1% credit rate and 0% overdraft fees up to £1000 guaranteed until April 2008. At least HSBC are paying someone something somewhere in the world. You lucky devils! Anyway, wrong currency, but many of the methods still apply, so thanks for the tips all the same.

By: Mission Debt Freedom

Mission Debt Freedom — Sat, 03 Feb 2007 17:25:04 +0000

I have my emergency fund here and love it. I especially like the ATM access. I had to test it out a few weeks ago when the motor on our dryer burned out. I when to the ATM in the late evening, withdrew $350 and paid for a new dryer with cash. What a great feeling to have cash on hand for life’s emergencies!