down, down, down, down...

WTF!!!! Interest rate drop AGAIN?! This is the 2nd time this year! Maybe it's time to put more in the CD.

Dear KELLY, We are writing to inform you that based on the recent drop by the Federal Reserve, HSBC Direct has adjusted your Online Savings Account rate to 4.25% APY*. At 9x the national savings average**, you are still earning one of America’s highest savings rates. HSBC Direct will continue to evaluate and respond to market changes so we can provide you with competitive rates. And if your rate changes, whether up or down, we are committed to always letting you know. You can feel confident knowing your savings are with HSBC Direct. We’re part of HSBC Group, one of the largest financial institutions in the world, and have over 140 years of experience helping customers manage their savings. We sincerely appreciate you saving with HSBC Direct. Jean Carrow Vice President Customer Relationship Center HSBC Direct