Anachostic

My tagline, let me show you it.

An Update Regarding Your Online Savings Account

If you are an HSBC account holder, this title probably makes you groan.  It’s an email notification with a specific title for a specific purpose: to tell you your account sucks more now.

I’ve been with HSBC since 2007.  It was really good when I started.  Then it just started sucking more and more.  At this point, it’s just a minimal account for me, one I use to fund automatic IRA investments.  Capital One is the best game going right now.

Anyway, I was browsing through old emails and collected these all together in a pathetic display of suckery.  Enjoy.

3/25/08: Following a further review of all of these factors, we have reduced our Online Savings Account rate by 0.50% to 3.05% APY effective 3/20/2008. … The good news is, you’re still getting a competitive rate — 7x the national savings average.

6/2/08: Your Online Savings Account rate has increased to 3.50% APY, effective June 2, 2008. That’s up from 3.05% APY. And it’s 9x the national savings average.

9/8/08: As of September 16, 2008, you will earn 3.25% APY, which is 8x the national statement savings average…

10/21/08: The rate will be adjusted to 3.00% APY effective October 21, 2008. This rate remains one of the highest available and is 7x the national average.

1/5/09: Recognizing this change and the overall interest rate environment, the new rate on your Online Savings Account is 2.60% APY, effective January 5, 2009.  … a rate that is more than 6x the national statement savings average.

1/29/09: As of January 26, your rate has been adjusted to 2.45% APY. … your Online Savings Account currently earns you five times the national statement savings average.

3/9/09: With a revised rate of 1.85% APY* as of March 6, 2009, your APY is still 4x the national statement savings average.

4/3/09: Your Online Savings Account rate has been adjusted to 1.65% APY* as of March 30, 2009.

5/29/09: We wanted to let you know that as of May 15, 2009, the Online Savings Account rate was adjusted to 1.55% APY*. This rate is still five times the national statement savings average.

8/19/09: We wanted to let you know that your Online Savings Account rate was adjusted to 1.45% APY* as of 8/12/2009. The HSBC Direct Online Savings Account remains a competitive option in the marketplace, with a rate 4x the national statement savings average.

9/26/09: We wanted to let you know that your Online Savings Account rate was adjusted to 1.35% APY* as of 9/23/2009.

2/9/10: We wanted to let you know that your Online Savings Account rate was adjusted to 1.20% APY* as of February 8, 2010. … a rate that is more than 5x the National Statement Savings Average.

3/1/10: We wanted to let you know that your Online Savings Account rate was adjusted to 1.10% APY* as of February 26, 2010. … a rate that is more than 4x the National Statement Savings Average.

11/30/10: We wanted to let you know that your Online Savings Account rate was adjusted to 1.00% APY* as of November 30, 2010. … a rate that is more than 5x the National Statement Savings Average.

1/11/11: We wanted to let you know that your Online Savings Account rate was adjusted to 0.90% APY* as of January 11, 2011. … a rate that is more than 5x the National Statement Savings Average.

5/5/11: We wanted to let you know that your Online Savings Account rate was adjusted to 0.80% APY1 as of May 5, 2011. … a rate that is more than 5x the National Statement Savings Average.

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