Cd Account Rates

HSBC Direct is currently paying 2.45% on their savings accounts. All rates of CD, from 3 months to 4 years are lower than that. The only exceptions are 12 and CD 18 months, which are slightly higher.

Why a savings account for a higher rate of return of a CD? In the same order, why would anyone put their money in a CD at 2% when they win 2,45% in their savings account?

Thank you!

CD rates are locked in time, but the savings account rate can fall at any time.

If investors believe that will happen, they may prefer to lock the long-term rates, albeit lower than the rate of savings account.

But there could be something else happening that we do not understand. I mean, some of these banks offer higher rates on their checking accounts on their savings accounts!

How does it feel everything????

because banks are greedy and shakes, and make their own rules, and do not care about customers.

HSBC has pillaged my credit card from 8% to 15% for no other reason than greed (I always pay on time). So Im repay it and did not use it.

See, greed is costing them money, cause Im not using it more. 8% is not enough, they wanted more. Now they get 0% of me:)

holy crap, is very low. Thats sad to hear. I get like 4.2% lol my CD.