What do you think of online banks...HSBC, ING, etc?

evan · Post by **evan** » Fri Jul 28, 2006 1:02 am

Anyone out there try an online savings account like HSBCdirect (5.05%, $1 minimum balance, no fees) or INGdirect (4.35%, no minimum, no fees)? They sure beat the > 1% that my normal bank gives.

Chuck(G) · Post by **Chuck(G)** » Fri Jul 28, 2006 2:34 am

Don't know about checking, but we've bought CD's through ING Direct for several years. Better rates than the banks in town (or my broker for that matter) and no problems.

Rick F · Post by **Rick F** » Fri Jul 28, 2006 12:12 pm

I'm not crazy about 'online' banks - just my personal preference. But I periodically move any savings I have in my credit union acct. to an Edward Jones Money Market Acct. They're currently paying 4.58%. This rate fuctuates with T-bills each week. I'm pretty sure you can get MM accts paying close to this rate several places.

HTH