HSBC on line SUCKS! They lowered their APY AGAIN!!

Anonymous
It seems like every few months we get an e-mail from them informing us that they lower their APY. We we opened this acct a couple of years ago, they had the best rates, I think it was almost 2% - not sure though. Now it is 0.20%!!!!!

Anyway, are there any other options out there? Where do you put your "savings" money? Your raining/emergency day money? We have it transferred from our paycheck automatically every month - about $500.00. So, it is not a fortune by any means, but I would like to see it growing while there. We have about $35k total in savings.
Anonymous
I closed HSBC in favor of AMEX. Not much more interest, but both AMEX and ING Direct have a better web interface to boot.
Anonymous
Interest rates are dropping all over. That's why everyone you know is refinancing their mortgage.

When I opened my ING account ages ago, early in the days of internet-only banking, I think I was getting 7%!

All my savings goes into mutual funds.
Anonymous
http://www.bankrate.com/checking.aspx

I use ING Direct.
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