HSBC has introduced a promotion giving all newly deposited money 6.00% APY until April 30, 3007. It will be interesting to see whether the British behemoth's competitors counter.
With an increasingly volatile situation in Iran and a Federal Reserve about to articulate a new policy that pundits seem completely unable to guage, it seems that the recent market strength might not extend. With sort-term cash rates becoming interesting, maybe it is time to take a breather and go to cash?
