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High Yield Online Savings Account Review – HSBC Direct

UPDATE January 21, 2010:  HSBC Direct Renamed – HSBC Advance is the New Name


I have used the HSBC Direct High Yield Online Savings Account for several years now.  They have always been in the top tier of interest rates, without offering unnaturally high initial rates that are unsustainable.  I have signed up for other online savings accounts over the years; however, I selected HSBC due to the following reasons: