Online Banks Compete, You Win
If you don’t have an online savings account, you’re probably not earning enough interest on your hard-earned money. A lot of traditional financial institutions are jumping into the online savings account business. Emigrant Direct’s “AmericanDream Savings Account” offers 4.25% APY. ING Direct offers 4.75 APY on deposits from Jan 19 - April 15th. It gets better! HSBC recently increased their rate from 4.25% to 4.8% APY for their HSBC Direct Online Savings account through April 30th. All of these banks are FDIC insured, there’s no fees, and no minimums.
- HSBC Direct Online Savings Account - 4.8% APY
- ING Direct Orange Savings Account - 4.75% APY
- Emigrant Direct AmericanDream Savings Account - 4.25% APY
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