This morning I opened an account at HSBC for a couple of reasons:
- To take advantage of the current 4.25% (APY) rate.
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To see what the competition is doing.
Jonathan at MyMoneyBlog keeps pretty good tabs on 'Online Bank' offerings. I'm not sure if the $25 account opening bonus is still valid, but I gave it a try. The account opening process is detailed here.
I'm going to open an account at Emigrant in the next few days as well.
January 17, 2006 Update: The $25 account opening bonus was deposited today :)