Banking
HSBC Direct Rolled Back Rate to 3.25% APY After Promotion
So HSBC Direct’s three-month promotion has ended yesterday and, as promised, the bank rolled back the yield of its online savings account from 3.50% APY to 3.25% APY, a mediocre level. The purpose of the promotion was, I suppose, to attract new customers, but I am not sure how successful the campaign was because, even [...]
FDIC Problem Banks List Grew to 117 Last Quarter
When the Federal Deposit Insurance Corp. (FDIC) released its second quarter Quarterly Bank Profile yesterday, it didn’t have a lot of good news to offer. In fact, the news is pretty bad if you are concerned about the financial soundness of your bank. In the report, the FDIC says during the second quarter, the number [...]
DollarSavingsDirect: A High Yield Version of Emigrant Direct
Dollar Savings Direct Bank is a division of Emigrant Bank, which also owns Emigrant Direct. At $1,000 minimum balance, you can enjoy a 4.00% interest rate with the new online bank.
Update: Check out the Dollar Savings Direct review post for more detailed discussion on Dollar Savings Direct bank and account opening process.
Have you heard of [...]
WTDirect Terminates Promotion After Only Three Days
Hope you got it when it was there. If you didn’t, then it’s too late already.
Just received an email from WTDirect that it has terminated the promotion of up to $250 sign-on bonus immediately.
The promotion was wildly successful, more so than we could have forecasted. Unfortunately, we need to end the promotion early. Effective immediately, [...]
WaMu Promotion: 5.00% APY for 12-Month Online CD
I am not a fan of Certificate of Deposit (CD). In fact, the only CD I ever had was a 1-year $5,000 CD about 10 years ago with my local Summit Bank (which later became Fleet Bank, then Bank of America). Back then, there was no high-yield online savings accounts as we have now. So [...]
