Every Monday, I am going to stick to the theme – Monday Money Management Tips. To follow this theme, I am going to offer suggestions and tips for efficient, productive, simplified, and profitable money management, so subscribe today by clicking on the link at the end of this article.
Today’s Money Management Tip: Open a HSBC Direct Online Saving Account and earn one the highest annual percentage rates for short-term cash equivalents – currently at 5.05%.
Convenience of a Savings Account – everyone has to keep money on hand. Whether you run a business, support your family, or merely have to cover your own financial needs. The more money you have in cash, the less interest you earn on that money – loss of investment opportunity. That was until HSBC offered the online saving accounts. Now you can conveniently keep cash for when you need it and earn an astounding 5.05% APR.
Convenience of Online Banking – HSBC’s online banking account is online. You can access your account at anytime and from the convenience of your laptop and Internet connection. You can transfer money to and form the account to your checking account or another bank account with ACH transfers.
Automated Clearing House (ACH) Transfers – ACH is the electronic banking network that is used in the United States by financial institutions to transfer money; please note this is not wire transfers. For most institutions, ACH transfers are no cost for both incoming and outgoing transfers; you will need to check with your current bank to see if they charge for this service. For me, I have never had to pay anything for an ACH transfer.
Signup Today – To signup for HSBC Direct Online Saving Accounts, go to http://www.HSBCDirect.com. You can also find more details there.
Enjoy this article? Subscribe to my RSS feed.
Similar Articles:HSBC, Money Management