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HSBC business money market rate
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aroominyork
Posts: 3,314 Forumite
Does anyone know where to see approximate current MM rates, without calling the number the bank gives?
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Never seen this before, will call tomorrow. We currently use Wise for money market fund but would move over though I suspect HSBC will take bigger chunk in fees / lower rate.1
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HSBC on call money market is paying about 0.3%. It is a misleading term, suggesting a link to the actual market rate, eg SONIA which is 4.43%. But of course it would be silly to expect HSBC to take any notice of that.
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Not surprisingaroominyork said:HSBC on call money market is paying about 0.3%. It is a misleading term, suggesting a link to the actual market rate, eg SONIA which is 4.43%. But of course it would be silly to expect HSBC to take any notice of that.
Can just use Wise like us which uses blackrock money market fund. Current rate is 4.12% updates every 30 days so lags behind todays change for a month.
https://wise.com/gb/business/interest
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