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High Interest Savings Account

HSBC Direct is offering an introductory 4.80% APY savings account. I know, it's an introductory offer and it will expire by the end of April, but I recall seeing them offer a constant 4.50% APY rate. I'm considering moving my account from Emigrant Direct to HSBC Direct. Emigrant Direct has no minimum balance, but I may leave $1 just to keep my account open and gain some, though very small, interest. Any thoughts from the peanut gallery?

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