Several online high yield savings accounts have dropped their rates in the past couple days. WTDirect has dropped their rate to 2.16% APY. HSBC Direct has dropped their rate to 2.25% APY. ING Direct has dropped their rate to 1.85% APY. As of this writing FNBO Direct still has their rate at 2.60% APY but I wouldn’t be surprised if they announced a rate drop in the next few days.
It is difficult to earn much interest on your savings nowadays. The average savings account pays less than 2%APY. This makes the return you receive for doing bonus deals look even better in comparison.
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