Originally Posted by psyflyer
might be the 3rd biggest bank in the world but hsbc direct is not affiliated in anyway with hsbc holdings in case of default. Beware not to go over FDIC limits as regardless of affiliation they fund the banks separately
In general, given the number of online banks offering high yield savings today, there seems in my eyes to be no reason for anyone to EVER need to exceed the FDIC limits at ANY bank.