HSBC Online Savings Account Interest Rate Reduced to 4.50%

Posted on September 28, 2007

I was sent an email today informing me the HSBC online savings account interest was reduced today to 4.50% from 5.05%

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.

Click here to log in and learn more about recurring transfers, direct deposit, and other powerful ways to get the full benefit of your Online Savings Account’s high interest rate.

Thanks for choosing to grow your savings with HSBC Direct.

Your HSBC Direct Customer Service Team

I had a feeling when the Fed interest rate reduction came out last week this could be on the horizon. Seems like it happened a little quicker than I expected.

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