HSBC Bank USA is currently offering an interest rate of 6% on their online savings accounts - making it the highest APY offered in the industry. It is a special offer of course, between now and April 30, when the rate goes back to the standard 5.05% APY.
HSBC Bank said Sunday that the new 6 percent annual percentage yield would be available through April 30 on “new money” deposited by existing clients or new customers in a HSBC Direct online account. (source: HSBC offers 6 percent interest online)
This is a great rate, and even higher than the 4.5% offered by IngDirect - which is the online savings bank that I used myself a couple of years ago. I actually got involved with IngDirect when they launched an aggressive affiliate program, and funded the majority of my savings there with referral fee’s. It was a great start, and got me hooked on the convenience of online savings accounts.
More and more the internet is not only offering convenience, but now even more value than what I can find locally. From shopping to banking to communications, “doing it online” has become a preference.
If you’re not saving money, you should be… And if you’re not earning 4% or more on your savings, check out the comparisons of online banks at SavingsAccounts.com and do your homework:
You’ll also find money saving tips & ideas at SavingsAccounts.com, as well as industry news, so be sure to check out their Resource Center as well 
Best,
Tags: online banks, online banking, savings account, finances, savings, ingdirect, HSBC
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