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correct and HSBC has 3.75% currently

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for B&M Banks- Wachovia ,my local bank now offers a 3.50% Money Market Account that you can link to your checking account..very sweet. I just took $45K out of ING Direct and opened this Wachovia account. I also just went thru the grueling weeklong process of opening an HSBC online savings account-they go a bit overborad with security measures.. but the extra 0.25% doesnt make much of a difference --so I think I'll just keep the cash close at home now and offline. INGDirect has the best interface thu and is very easy to set up ..much easier than HSBC.