MMS Friends

My Trek Towards Financial Freedom

I am a 25 year old New Yorker and member of Generation Debt who is working towards financial freedom.

Sunday, June 05, 2005

High Interest Savings: My (Usual) B&M Bank Joins the Mix

When logging onto my HSBC checking account today, I was delighted to find out that they’re now jumping into the mix and now offering a new online-only savings account paying 3% interest, with no monthly fees and no minimums. When I had an in-office savings account there several years ago, they paid a paltry 0.45% APY. Since I am already considering switching from ING, I might open an account there. Or, one of the other high-interest savings accounts now available.