[grandcider]

I need to open an account to park some USD. I heard that the Bank of East Asia offers the best interest rates, but they say they charge a 0.25% commission on both deposits and withdrawals. Is this a standard practice?

[discobay]

HSBC only charge when the amounts are high. You should confirm this with BEA and if the same just make multiple small deposits.

[penguinsix]

This may be silly but Paypal has really good rates on money kept in their account. You could put it in there and get a debit card attached to the account so you could withdraw as needed.

[nation]

I'd stick with the banks. I wouldn't trust paypal as far as I could throw them and then add all fraudster to the mix

[Lammarite]

I'm getting 4.5% offshore at Anglo Irish- the local banks are a waste of time. Any interest is shadowed by their charges and the service is sooo poor as to cost you time.

[applefan]

Have you looked into ING Direct? If you still have a U.S. bank account, you can link the ING account to the U.S. bank account. Even with wiring fee, you will probably net more interest than anything. ING currently pays 4.15%, no minimium, no fees.

[z754103]

hsbc internet US account pays 4.5%

[coolgirl]

Originally Posted by z754103

hsbc internet US account pays 4.5%

yep. i keep my USD with them. though you have to be a US resident though. That's why I keep my money under my sis' name (who's studying in the US)