| If you want "Savings Bank Ratings", you've come to | | | | Opening an account is quite simple, and it doesn't take |
| the right place. What's the best one? Here's an | | | | very long-unlike some chains where it can literally take |
| unbiased review to help you find out. | | | | days. |
| HSBC | | | | Customer service |
| This company has one of the better savings accounts | | | | Their customer service is adequate-but it's nothing to |
| around. Here are the features: | | | | write home about. It's pretty much "middle of the road" |
| Interest rates | | | | when compared with most others. |
| Their accounts consistently has among the top rates | | | | ING direct |
| around-nobody will dispute that. | | | | This is the other one we will take a brief look at. This |
| Why? | | | | company operates ENTIRELY on the internet-they |
| Because of their low "overhead" expenses. HSBC is | | | | have no physical locations at all. |
| not an "internet" bank per se-they do have physical | | | | Interest rates |
| branches-but they have far fewer locations than most | | | | Because they are "online only" they are famous for |
| other large chains. | | | | their extremely high interest rates-this is probably the |
| This helps them to minimize building expenses-and for | | | | best "holding spot" for your money in between |
| this reason they can afford to offer better deals than | | | | investments. |
| the other national banks. This is one of the most | | | | Sign-up cost |
| important things to look for in any savings bank ratings. | | | | Like HSBC it's just $1 to open an account with them... |
| Minimum balance? | | | | and they also don't hit you with any month fees either. |
| No--this is another benefit that separates from the | | | | Security |
| pack. | | | | One little glitz is that if you make a lot of online |
| Sign-up Cost | | | | transactions, it's hard because they actually stop your |
| All it takes to open an account is one measly dollar. | | | | account for 2-3 days every time you do something |
| You can't beat that. | | | | online that alters your account. This is done for security |
| Sign-up process | | | | measures obviously, but it can be a pain. |