Anyone Have An Account With HSBC, ING, Emigrant and Citibank?

[SIXPAK GQ]

except citibank....all others are internet banks and offers a high interest rate savings account. federal reserve has just raised the interest again for the 17th time since 2004. Citibank has a 5.0% APY...and its liquid

[Flow_Motion]

No, I'm with TD Bank... :cool:

[SinghPimPin]

Bank of Montreal :cool:

[ZzoO]

citibank.


but what does the fed have to do with the interest rates of savings accounts?

[reaz]

yea. I have savings & checking account with HSBC. The APY is 5.05%. I've been with HSBC for a while now. I used to have an account with ING and then I moved to Emigrant. However, I later moved to HSBC because they provided a free checking account as well as an ATM card linked to the savings account which is rather handy.

[bender]

I have an account with ING. HSBC has been raising the rates on the savings account faster.

[SIXPAK GQ]

yea. I have savings & checking account with HSBC. The APY is 5.05%. I've been with HSBC for a while now. I used to have an account with ING and then I moved to Emigrant. However, I later moved to HSBC because they provided a free checking account as well as an ATM card linked to the savings account which is rather handy.


COOL..i just signed up with HSBC last night. my account is pending. was ur approved instantly? well in Texas. HSBC has no branch locations. I am strictly interested in the 5.05 rate that that they are offering.

[reaz]

COOL..i just signed up with HSBC last night. my account is pending. was ur approved instantly? well in Texas. HSBC has no branch locations. I am strictly interested in the 5.05 rate that that they are offering.

their application process is a pain in the ass though. takes a couple of weeks.

[ermsomething]

im with ING

[..::Bobby::..]

My acocunt is in Russia. I've stocked up on Russian Roubles, this is the shit dawg
http://news.bbc.co.uk/1/hi/business/the_economy/152580.stm.

[bender]

My acocunt is in Russia. I've stocked up on Russian Roubles, this is the shit dawg
http://news.bbc.co.uk/1/hi/business/the_economy/152580.stm.


That article was posted in 1998.

[sono_star]

nope. i keep mine stashed in my pants

[nikefc7]

i got a swiss bank account

[SIXPAK GQ]

their application process is a pain in the ass though. takes a couple of weeks.

b/c they go through Equifax to verify info? they say that most apps are approved instantly. mine is pending.

[SIXPAK GQ]

im with ING

id consider HSBC

[FistaCuffs]

Im thinking about opening an online savings account with hsbc, does anyone know if they charge fees for non hsbc account transfers?

[reaz]

Im thinking about opening an online savings account with hsbc, does anyone know if they charge fees for non hsbc account transfers?

you mean from non HSBC back to HSBC accounts? no they dont charge any fee.

[SIXPAK GQ]

Im thinking about opening an online savings account with hsbc, does anyone know if they charge fees for non hsbc account transfers?

no fees at all. the $3 fee only applies to other accounts not the online account though

[BlueDukie]

The application part is pretty fast. Once they approve your application, they test the transfer of funds, you verify, and then they withdraw the amount that you specified. The whole process took me 20 minutes one night + 15 minutes the next morning.

The long part happens after that. Though your money is transferred, you have no way to access your account until they mail you your account id and temporary password.

and for six_pack or anyone else looking, the citibank account isn't worth getting. You only get that interest rate if you open their checking account, and you can get hit with fees if you don't keep your balance higher than $1000. Of course, if this isn't an issue, then it might be a better solution because they seem to be everywhere.

[SIXPAK GQ]

The application part is pretty fast. Once they approve your application, they test the transfer of funds, you verify, and then they withdraw the amount that you specified. The whole process took me 20 minutes one night + 15 minutes the next morning.

The long part happens after that. Though your money is transferred, you have no way to access your account until they mail you your account id and temporary password.

and for six_pack or anyone else looking, the citibank account isn't worth getting. You only get that interest rate if you open their checking account, and you can get hit with fees if you don't keep your balance higher than $1000. Of course, if this isn't an issue, then it might be a better solution because they seem to be everywhere.


they verified that i do have a bank account currently. but my app is still pending....its been 3 days..b/c of the holiday here in usa...wtf? they gotta mail my account id and pw??? why cant they do that thru email or phone. i guess for security purposes. citiban has a EZ checking account, they told me that i dont get hit with any fees as long as my e savings and ez checking are linked together....hsbc is everywhere, its the worlds local bank

[Parallax]

I use Smith Barney for my investments. Unless you are close to retirement and need your assets liquid, put your money in stocks and you will get an average return that is significantly higher than just leaving the money in a savings account. As a bonus, the money not currently in stocks will make a modest amount of interest.

As a rule of thumb, the younger you are (and further from retirement) the more aggressive you should be. For instance, I keep at least 33% of my assets international because I can deal with the volatility being relatively young.

[SIXPAK GQ]

I use Smith Barney for my investments. Unless you are close to retirement and need your assets liquid, put your money in stocks and you will get an average return that is significantly higher than just leaving the money in a savings account. As a bonus, the money not currently in stocks will make a modest amount of interest.

As a rule of thumb, the younger you are (and further from retirement) the more aggressive you should be. For instance, I keep at least 33% of my assets international because I can deal with the volatility being relatively young.

stocks are risky. i dont like taking risks. 401K plans sound good. perhaps i will look into mutual funds.

[SIXPAK GQ]

I use Smith Barney for my investments. Unless you are close to retirement and need your assets liquid, put your money in stocks and you will get an average return that is significantly higher than just leaving the money in a savings account. As a bonus, the money not currently in stocks will make a modest amount of interest.

As a rule of thumb, the younger you are (and further from retirement) the more aggressive you should be. For instance, I keep at least 33% of my assets international because I can deal with the volatility being relatively young.

stocks are risky. i dont like taking risks. 401K plan, IRA, Roth IRA, Annutiies, Bonds sound good. perhaps i will look into mutual funds. how does smith barney, what is the ROI on it?

[reaz]

stocks are risky. i dont like taking risks. 401K plans sound good. perhaps i will look into mutual funds.

stocks are risky but if you invest long term the risk is attenuated. you're below 30 so you should be able to invest upto 60% in stocks safely and get good returns, provided you pick your stocks safely.

If you have no experience with stocks or don't know anything them, then don't go into it. 401k money is usually invested in stocks unless your portfolio is completely bonds in which case the rate of return is going to be lower than what it would be if you invested in stock portfolios.

In any case, stocks can work for you by providing above market returns only if you have a longer period of investment.

[SIXPAK GQ]

you mean from non HSBC back to HSBC accounts? no they dont charge any fee.
]

no fees even if the xfer is from hsbc to a non hsbc account.....

[SIXPAK GQ]

Im thinking about opening an online savings account with hsbc, does anyone know if they charge fees for non hsbc account transfers?


no fees for xfer to hsnc and xfer to non hsbc...unlimited xfer to hsbc account, but u are limited to 5 or 6 a month for to xfer to a non hsbc account due to federal regulations

5.05% APY Variable right now, have not seen anyone beat this

[SIXPAK GQ]

stocks are risky but if you invest long term the risk is attenuated. you're below 30 so you should be able to invest upto 60% in stocks safely and get good returns, provided you pick your stocks safely.

If you have no experience with stocks or don't know anything them, then don't go into it. 401k money is usually invested in stocks unless your portfolio is completely bonds in which case the rate of return is going to be lower than what it would be if you invested in stock portfolios.

In any case, stocks can work for you by providing above market returns only if you have a longer period of investment.
what does my age have to do with this? stocks are high risk. you have to do lot of research in a company to invest. its pure gambling. my 401K provides a collection of little bit of everything.. are return for Bonds higher then CD's?

[reaz]

what does my age have to do with this? stocks are high risk. you have to do lot of research in a company to invest. its pure gambling. my 401K provides a collection of little bit of everything.. are return for Bonds higher then CD's?


well the assumption is that you're investing for retirement which is why age has everything to do with it.

stocks are profitable in the long run provided you have a good approach to investing. long run usually equates to periods over 5-10 years.

trading (as in holding a stock for less than a year) is speculation.. i.e. gambling. however, holding stocks over longer periods of times (3-5 years) is not gambling.. it's investing.. you have to do some research.. but it's not gambling..

bonds return more than deposits.

[SIXPAK GQ]

well the assumption is that you're investing for retirement which is why age has everything to do with it.

stocks are profitable in the long run provided you have a good approach to investing. long run usually equates to periods over 5-10 years.

trading (as in holding a stock for less than a year) is speculation.. i.e. gambling. however, holding stocks over longer periods of times (3-5 years) is not gambling.. it's investing.. you have to do some research.. but it's not gambling..

bonds return more than deposits.

retirement is somewhat important to me right now..but i really looking for some short-term investments. bonds return more then CD's? how many years do Bonds have before they mature?

[reaz]

retirement is somewhat important to me right now..but i really looking for some short-term investments. bonds return more then CD's? how many years do Bonds have before they mature?

Certain mutual fund managers invest in bonds exclusively. You might want to look into those. I haven't considered bonds at all. I am far too aggressive to consider them.

[SIXPAK GQ]

Certain mutual fund managers invest in bonds exclusively. You might want to look into those. I haven't considered bonds at all. I am far too aggressive to consider them.


who do i talk to? do i call the number listed in my 401k plan?

[notoriou$punjabi]

i wanna setup an account with ING n open a savings account in India witht he citizens bank there

these local canadian banks r eatin of my fuckin savings big time

[reaz]

who do i talk to? do i call the number listed in my 401k plan?

yea. sure, that would be a starting point.

[SIXPAK GQ]

i wanna setup an account with ING n open a savings account in India witht he citizens bank there

these local canadian banks r eatin of my fuckin savings big time

why ing/?