ING Rates Drop

February 6th, 2008 at 03:18 pm

ING Direct On-Line Savings Account dropped it's rates to 3.65% as a result of the Fed lowering rates by 3/4 of a point.

You know that you are winning with money when you are mad that the Fed is lowering interest rates!

I know that Emigrant is currently at 4.05% and HSBC is at 3.55%.

I have money in ING Direct and HSBC. Hey, 3.40% and 3.55% is WAY BETTER than the crappy 0.25% and nuisance fees that my old savings account had. Are YOU earning this type of interest on your savings? If not, you should check out these great banks/accounts.

I think I would probably be motivated to move my money if there was more than 1% disparity.

Are you a rate-chaser for your savings account money? If you are, how much is enough to make you move your money?

Text is Read recent posts by Joe and Link is http://iwasbroke.savingadvice.com
Read recent posts by Joe

Posted in Uncategorized | 2 Comments »

2 Responses to “ING Rates Drop”

mulyanto Says:
February 6th, 2008 at 03:29 pm 1202311743
1202311743

Etrade is at 4.4% and Citi, last time I checked, is at 3.75%. I'm not moving my money for less than 1% in the short term. I'm waiting a couple months to wait and see. It also depends how much money we're talking about. I'd move $10,000 for 1% in a heartbeat, but I don't have that kind of money anyway....
Ima saver Says:
February 6th, 2008 at 05:44 pm 1202319897
1202319897

I had $200,000 in one bank. They dropped rates to 3.3% so I took it and went to a bank that gave me 4.8% for a year. Hey, that adds up!! ING has dropped their rates again to 3.4%

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ING Rates Drop

2 Responses to “ING Rates Drop”

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