Just thought I’ll share if anyone else didn’t come across this bonus yet. Found it over at Fatwallet.com

Get $25 from HSBC for free when you open and fund an account before 9/30/05. Click here to go to the account opening process with further details on the bonus. I believe if you close the account before 45 days, there’s a $25 closing fee. Although it shouldn’t be an issue keeping a $1 in the account if the bonus is all you want.

HSBC current has a rate of 3.75% APY, although Emigrant-Direct current leads the pack in ING Direct clones with the rate of 4.0% APY.

I think I’ll take advantage of HSBC’s offer and open an account now. Their bonus offer comes and go and isn’t very consistent. I’m also biting the bullet and opening an account at Emigrant-Direct. The process is actually A LOT smoother this time, so I’ll write a new review on that experience.

If you’re considering an account at Emigrant-Direct… there’s a potential $10 bonus for you over at MyMoneyBlog.com, head over there to read about the details!

Ah, competitions.. don’t we all love it? On a side note… there will eventually be more competition for cable TV too. Verizon, SBC, and other networks are entering selective markets in 2006-2008. Imagine that, “cable TV” from your telephone company.