I'm thinking about opening an online savings acct. Have any of you ever had one and how did it

I am really looking at HSBCdirect.com. My main attraction to them is that if an emergency happens, their is an ATM card that you get that I can get my money out quickly instead of waiting for an online transfer to take place. They also have a 5.5% rate compared to my banks measly .15% that only earned me $1.36 last year! (I mainly was just putting $$ back for a rainy day, but $1.36 just kinda pisses me off! lol!) They are FDIC insured. You link the account to your checking account at your bank and do transfers to and from it. My main question here is what has your experience been with online savings accounts? Does it sound like a good idea? What problems have you encountered with them? Thanks!

I%26#039;m thinking about opening an online savings acct. Have any of you ever had one and how did it work for you?loan forgiveness

I have an HSBCdirect account and love it. I don;t use the ATM option, but I have it electronically linked to my local bank account. Great rate of return - kills a conventional savings account. I would highly recommend HSBC%26#039;s money markey savings account

I%26#039;m thinking about opening an online savings acct. Have any of you ever had one and how did it work for you? loan

I haven%26#039;t personally used HSBC nor heard of them but I use E-Trade for the exact same reason. Over 5% interest vs my banks heartbreaking rate of .14%.

I have a checkbook with my E-Trade account so in an emergency I can just write a check.

Like I said the concept is good just thoroughly check out HSBC. If they are legit you are making a very smart move.|||ING orange has a good saving account with a great interest rate.

I%26#039;ve had folks recommend splitting your savings between a few places. Try a CD account and a second savings account, maybe.|||I have an online account with

www.ingdirect.com

It is very easy to use. I did not get an ATM card though. I don%26#039;t know if they offer one. I did not want one because I wanted to make it more difficult to get the money out which helped me to save up enough for a used car.

I put money in there because there is no minimum balance and the rate was competitve.

Withdrawals take a couple of days though.