Thursday, December 13, 2007

He's here! Quick, drop the rate!

Well, as of yesterday, my Emergency Fund is held at HSBC Direct.

As of today, HSBC's savings APR has dropped from 4.25% to 4.00%.

I'm trying to tell myself that 4.00% is still a good rate. It's 25 basis points above ING (who can't be far behind with a rate drop of their own), and my decision to move was based as much on HSBC's impressive access methods as on their rate, so I still think it was a good move.

I just wish the rate had stayed higher.

Maybe even for a whole week.

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