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807 Views 7 Replies 7 Participants Last post by  lparker
I logged on this morning to see that the APY of my savings had been lowered to 1% Does anyone have any experience with any other reputable online banks in which they are currently earning more than this %?
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I had HSBC. When at the first of the year it dropped to .9% I decided I'd had enough. I'm not keeping as much in regular savings as I used to, so the interest wasn't enough for the online waits. I moved it all into my local bank, which is less than that, but a little less than hardly anything is negligible. I'm happy with the decision - it's more accessible since online transfers to and from checking are instantaneous.

Online savings accounts used to be a really good deal, but no more.

That didn't answer your question, but the vent felt good. Thanks for indulging me!
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