Tags: Savings, Ing, Hsbc.

With the drop in HSBC's APY, I think the selection factors now make ING Direct the better choice for most people. See why via a full analysis

 

Submitted: Sep 16, 2008    Views: 302    Comments: 4    Likes: 1   


View Article: http://www.savingtoinvest.com/2008/09/hsbc-drops-apy-to-325-why-i-n...


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Comments Received:

Ron
(Unregistered)

Neither of these look that appealing. According to the rate charts on this site there are lots of other higher yielding accounts.

Posted: Sep 16, 2008

Drew
(Unregistered)

ING has NOT been a good choice for years. It's rates are much lower than the top choices.

Posted: Sep 16, 2008

tightwad

I could never understand the love affair some have for Ing. Sure, they have an easy to use site, but they are always the first to cut rates and last to increase. If your an idiot that can barely turn on a computer, Ing is your best bet. If you are intelligent enough to be reading this blog, you can do better.

Posted: Sep 16, 2008

MikeMaven
(Unregistered)

I have accounts at both. As others have said, ING is the first to cut rates and last to raise them. Their customer service is good and the transfers are fast.

I have never had a positive experience with HSBC's phone service the four times I needed them. Their bank-to-bank transfers are at least a day slower than INGs. HSBC's bill pay is also slower than I experience at BOA.

I was sticking with them because of their higher savings rates. Recently they had a major outage which affected my ability to get at my cash when I needed it to buy a car, so I've begun to hunt elsewhere. The worst part of the experience was that you couldn't actually talk to a person during part of the outage. You got a recording from India.

Posted: Sep 17, 2008



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