I save with ING Direct, which is similar to what HSBC offers. The banking is all done online. I've been with them for years, and when I started the interest rate was almost up to 5%. Those were the glory days!!
I agree with JENNIFERLYNA. The interest does add up. The other thing I like about ING (and perhaps the others do the same thing), is that I can set up as many "accounts" as I want. I have one for my insurances (I deposit $$$ each month and then I'm prepared when the quarterly bill comes in), general savings, medical (for prescriptions that aren't completely covered by my insurance), holiday gifts, and many more. Having all the different accounts (and they are listed on my opening page) helps me keep on top of what money needs to be available for which annual or quarterly bills).
Hey, anytime you can get more than 1% for savings account interest, I think you're doing great!
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