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Anyone knows what happen to the money in a savings account if the account holder dies?
I can assume it can be willed to whoever the owner of the account wishes...you might have to call the company and see if you have the ability to name a beneficiary in the event of death.
I just signed up for my 401k and they give the option for naming a beneficiary.
current rate is 5.05% apr for HSBC...how is hsbc's functionality? Easy to use? Similar to ING?
Yea I wanna know too. Right now, ING rocks for me. And the difference in rates isnt really that huge.
Originally Posted by RB
I can assume it can be willed to whoever the owner of the account wishes...you might have to call the company and see if you have the ability to name a beneficiary in the event of death.
I just signed up for my 401k and they give the option for naming a beneficiary.
Yea I wanna know too. Right now, ING rocks for me. And the difference in rates isnt really that huge.
So I guess that should be done prior to death h:
Yeah, I've used ING for over a year now and don't have a single complaint. I regret getting sucked into the higher rate scheme that Emigrant Direct offered, which was about a 1/4th of a percent higher, but they have a horrible user interface which made it so complicated and complex to deposit or withdrawl money that I didn't even want to bother using it.