View Full Version : Any online savings people on here.

04-17-2006, 01:17 PM
Was watching fox4 news @ noon and they were promoting hsbcdirect.com for online savings.

I signed up @ 4.80% (currently getting .075%) interest and it's transferable between my regular banking account. I'm one of the skeptics so I did some background homework on it and it seems pretty safe. $1 startup minimum. I started with $5.

Any of you guys go through them or another online banker?

04-17-2006, 01:19 PM
I am the treasurer of a not-for-profit corporation. I dropped $25,000 into an Everbank account that is getting ~4%. A lot better than what we were getting.

04-17-2006, 01:20 PM
I have been using ING Direct for about 3 years now. Never had a problem with them. When I need money, I transfer over to my local bank and it is usually there in 1-2 days.

04-17-2006, 01:24 PM
So transfers aren't instantaneous as they are with online banking with one banking institution?