tag:blogger.com,1999:blog-37697766.post6530494648987851676..comments2023-10-01T07:59:30.295-07:00Comments on Grad Money Matters: HSBC 6.00% APY: Is it Really Worth it?Unknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-37697766.post-60367571927598442582007-02-02T00:51:00.000-08:002007-02-02T00:51:00.000-08:00I too, contemplated on opening the account at HSBC...I too, contemplated on opening the account at HSBC because the seemingly attractive offer. But it's just not worth that much hassels of paperwork and switching money back and forth considering I would probably make like $10 on it.<br /><br />It's just doesn't seem worth all that effort.<br /><br />Cheers,<br /><br />Cindy@staged4moreAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-37697766.post-68392603556927153842007-01-31T06:33:00.000-08:002007-01-31T06:33:00.000-08:00Almost $50,000 of that money is not ours, that's w...Almost $50,000 of that money is not ours, that's why :) It's from the proceeds of 0% balance transfers on three different credit cards. We wanted to park that money in a place with <b>absolutely NO risk</b>, since we have to <i>return</i> it in a fairly short period (two 20K transfers are for 1 year and the 10K one is for 15 months). Also, we wanted to ensure that no matter what, we would not be tempted to use it (for investment or otherwise). So we chose to lock it in a CD instead of liquid high yield savings accounts. Its the part that the money is not liquid that got me wondering if we had made a costly mistake going the CD route.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37697766.post-63613638072697601142007-01-30T20:17:00.000-08:002007-01-30T20:17:00.000-08:00While you're debating the minute differences of 5 ...While you're debating the minute differences of 5 or 6% on CDs and interest barring accounts, I have to ask why anyone would willingly place $55,000 in any account like that when the market is returning a conservative average of 15% this year?<br /><br /><a href="http://www.catchagideon.com">Successful Personal Finance.com</a>digeratihttps://www.blogger.com/profile/01713477627505086860noreply@blogger.com