Best Rates for Savings Accounts
Moneywise on June 16th, 2008
For the week of June 15, 2008 we are seeing HSBC (NYSE: HBC), FNBO Direct offer the strongest savings account offers out there. Because of its credibility and backing, HSBC may be the choice for many of you. Both HSBC and FNBO Direct are offering 3.5% APY. Capital One (NYSE: COF) is also offering 3.5% interest rate for a standard savings account, but you need to invest a minimum of $10,000.
As a reminder some of the reasons you may want to put money into savings accounts include: most institutions are insured against the loss of your money (only tiniest of risk); you earn a rate of return on your money; easy to manage and understand; easy to set-up.
June 17th, 2008 at 2:36 am
[...] is a savings account available at OneUnited Bank for 3.6% with a minimum deposit of $1,000 and the HSBC that we discussed yesterday that is 3.5% with no minimum. Tags: mma, money market, Money Markets [...]