Now that HSBC has raised its interest rate to 5.05% , I need to allocate any future liquid savings to HSBC instead of concentrating in Emigrant Direct. 5.05% is just too good to ignore. I would only be able to save $200/month, if that, for the next three months, due to the recent burglary and a purchase of a pair of new glasses (I'm legally blind), so I won't bee seeing a huge jump in terms of the accrued interest.
However, has anyone noticed how much of a pain accessing HSBC can be at times? Their passwords can be a pain to type in!! I still haven't been able to memorize the passwords. However, especially after the burglary, I appreciate the fact that HSBC creates long numerical passwords as well as an additional password for accessing the external link for transferrable funds (i.e. your checking account, etc.). I guess I can't have both easy accessibility AND safe security for an online savings account.
