Comments on: HSBC whooping 6% saving…and the catch? http://www.journeyofsuccess.net/2007/01/hsbc-whooping-6-savingand-the-catch Piggy's Blog Wed, 07 Apr 2010 18:37:31 +0000 hourly 1 http://wordpress.org/?v=3.0 By: swallow http://www.journeyofsuccess.net/2007/01/hsbc-whooping-6-savingand-the-catch/comment-page-1#comment-696 swallow Sun, 28 Jan 2007 19:52:14 +0000 http://blog.laukin.com/archives/80#comment-696 If you read the small words, it said: <em>*Annual Percentage Yield (APY) of 5.05% from 1/28/07 applies to non-qualifying funds during the promotion. Assuming New Money deposited and available on 1/29/07 (with no withdrawals) will yield 6.00% APY during the promotion and will yield 5.05% APY after 4/30/07, blended APY for 1 year from 1/29/07 would be 5.29%.</em> so even if you get the $ in for the full promotion period, 5.29% is all you get for real...of course not worth it. So again...for all these promotion, remember to read the small words ;P If you read the small words, it said:

*Annual Percentage Yield (APY) of 5.05% from 1/28/07 applies to non-qualifying funds during the promotion. Assuming New Money deposited and available on 1/29/07 (with no withdrawals) will yield 6.00% APY during the promotion and will yield 5.05% APY after 4/30/07, blended APY for 1 year from 1/29/07 would be 5.29%.

so even if you get the $ in for the full promotion period, 5.29% is all you get for real…of course not worth it.

So again…for all these promotion, remember to read the small words ;P

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