My New Choice

Earlier in the year, I finally took the plunge and moved my emergency fund from ING over to a new account at HSBCdirect. The motivating factor for that switch was the 6.00% APY promotion that HSBC is running until the end of April.
As the end of April is quickly approaching, I’ve been kicking around [...]

In the discussion on my post about the PayPal money market fund, Pakdamek posted a question about short-term CD options and asked for assistance.
My recommendation was to review the current high yield rates for 6-month CDs at Bank Rate, but that Pakdamek might also want to consider an online savings account.
6-Month CD
Looking at the current [...]

I’m the type of person that is always looking for different ways to save money, which is why I had to share with you the 101 Ways to Save One Dollar a Week article over at CareOne Credit Counseling.
At the beginning of the year, I put a challenge out to all of you to start [...]

A couple of months ago, our son spent some time in the hospial and underwent numerous tests as the doctors attempted to diagnose the problems he was having. Fast forward to now and we are starting to get the bills from the hospital, laboratories, doctors and specialists.
The pile of papers can become quite daunting, [...]

In a recent comment, Tech mentioned that PayPal was paying over 5% on their money market fund. In a nutshell, my response was to stay away from the PayPal account for a couple of reasons.
Money Market Fund.
The PayPal Money Market Fund is often discussed together with online savings accounts such as HSBCdirect, ING Direct [...]

Earlier this week, I initiated the process to move my eFund to my new HSBCdirect account. In addition, I had my first recurring deposit in my new account this week.
Transfers A Little Slow.
My recurring deposit is scheduled for every Monday, with this week being the first week of activity. The notice of the [...]

When discussing my first impressions of HSBC, I had commented on the ability to link my ING Direct Orange Savings Account to my new HSBCdirect account.

Link Established.
This evening I logged into my ING account and noticed that the two trial deposits had been made from HSBC. Once I logged into my HSBC account, I [...]

It has been a few days since I posted about my HSBCdirect account update and I am now happy to report that I have received my temporary username and password.

First Impressions.
After taking a few minutes to go through the account registration process, which requires you to create your username, password, security key and security questions, [...]