emigrant direct

Beware Falling Online Savings Account Rates

Yesterday we bemoaned HSBC’s online savings account dropping by .55 percentage points, and gazed hungrily at Emigrant Direct’s still-holdin’ strong 5.05%, so of course Emigrant Direct to cut theirs to 4.75% today. Until the impact of the federal rate cut sets in, don’t go rate chasing. [Emigrant Direct]