Comments on: HSBC Direct Drops Interest Rate to 1.55% APY http://www.consumerismcommentary.com/2009/01/07/hsbc-direct-drops-interest-rate-to-26-apy/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 08 Nov 2009 07:50:42 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: thomas http://www.consumerismcommentary.com/2009/01/07/hsbc-direct-drops-interest-rate-to-26-apy/#comment-187225 thomas Wed, 07 Jan 2009 22:55:42 +0000 http://www.consumerismcommentary.com/?p=5021#comment-187225 I like using percentages :) Bring back the 7% savings! I like using percentages :)

Bring back the 7% savings!

]]> By: ratbert03 http://www.consumerismcommentary.com/2009/01/07/hsbc-direct-drops-interest-rate-to-26-apy/#comment-187215 ratbert03 Wed, 07 Jan 2009 21:06:51 +0000 http://www.consumerismcommentary.com/?p=5021#comment-187215 Venture Bank Direct is still at 3.5%, I moved everything from Emigrant Direct to Venture yesterday after I saw Emigrant drop their rate. Hopefully Venture doesn't follow suit! Thanks for maintaining the high-yield accounts list! Venture Bank Direct is still at 3.5%, I moved everything from Emigrant Direct to Venture yesterday after I saw Emigrant drop their rate. Hopefully Venture doesn’t follow suit! Thanks for maintaining the high-yield accounts list!

]]> By: Flexo http://www.consumerismcommentary.com/2009/01/07/hsbc-direct-drops-interest-rate-to-26-apy/#comment-187203 Flexo Wed, 07 Jan 2009 14:34:29 +0000 http://www.consumerismcommentary.com/?p=5021#comment-187203 A reduction from 3.0% to 2.6% is a thirteen percent reduction (a little higher, actually). That's the *relative* amount of the decrease. You could also call it a 0.4 percentage <em>point</em> reduction, the *absolute* amount of the decrease. The relative approach is better for comparisons with prior decreases or decreases at other banks. A reduction from 3.0% to 2.6% is a thirteen percent reduction (a little higher, actually). That’s the *relative* amount of the decrease. You could also call it a 0.4 percentage point reduction, the *absolute* amount of the decrease. The relative approach is better for comparisons with prior decreases or decreases at other banks.

]]> By: tom http://www.consumerismcommentary.com/2009/01/07/hsbc-direct-drops-interest-rate-to-26-apy/#comment-187195 tom Wed, 07 Jan 2009 07:35:13 +0000 http://www.consumerismcommentary.com/?p=5021#comment-187195 I don't think you wrote that right, their interest rate wasn't 15.6% before... was it? That's unbelievable if so. I don’t think you wrote that right, their interest rate wasn’t 15.6% before… was it? That’s unbelievable if so.

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