ING Direct change in APR

[dquan97]

Did anyone realize that ING Direct APR is now 2.10%? I only got $34 in interest last month, rather than $39 :|

 

[isasir]

I miss the days of 6%. 🙁

 

[Pepsi90919]

ING DIRECT went up from 2.75% to 3%

 

[RossMAN]

Originally posted by: Pepsi90919
ING DIRECT went up from 2.75% to 3%

Where do you see that?

 

[SeaMonki]

ING direct banking still have one of the highest interest rate anywhere..so it's all good. 🙂

 

[Pepsi90919]

Originally posted by: RossMAN

Originally posted by: Pepsi90919
ING DIRECT went up from 2.75% to 3%

Where do you see that?

right here

 

[blakeatwork]

Originally posted by: RossMAN

Originally posted by: Pepsi90919
ING DIRECT went up from 2.75% to 3%

Where do you see that?

that's the Canadian APR....

If the Bank of Canada boosts interest rates here again, we can expect another 0.15 or 0.25% increase in the ISA's..

too bad Greenspan is probably going to lower US interest rates again... makes savings accounts nearly useless..

 

[dquan97]

Anyway to move my account from being US-affiliated to Canada-affiliated? 😉

 

[Pepsi90919]

Originally posted by: dquan97
Anyway to move my account from being US-affiliated to Canada-affiliated? 😉

they have US$ accounts.


edit: but it's like 1.25%

 

[Night201]

2.75, 2.5, 2.3, 2.2, 2.1: I wonder when it will start to go back up again. I love ING though. Best thing since sliced bread.

 

[RossMAN]

Damn Canadians!

 

[ElFenix]

yeah, but thats canadian percent so its really like 1%

😉

 

[sygyzy]

It changes all the time. It's not some big conspiracy. They have it in bold orange on their front page!

 

[Mr N8]

I'm happy with that APR, still, since my local bank offers 1% savings. I wish I had known about ING sooner, since I didn't get an account until savings was 4.5%.

 

[dquan97]

Originally posted by: RossMAN
Damn Canadians!

<- passing out torches and pitchforks, then runs straight home to fiancee

 

[RossMAN]

Originally posted by: dquan97

Originally posted by: RossMAN
Damn Canadians!

<- passing out torches and pitchforks, then runs straight home to fiancee

You two had better not be hiding in Canada's only tank!

 

[toant103]

Originally posted by: Pepsi90919

Originally posted by: RossMAN

Originally posted by: Pepsi90919
ING DIRECT went up from 2.75% to 3%

Where do you see that?

right here

Canada?

 

[Hector13]

Originally posted by: ElFenix
yeah, but thats canadian percent so its really like 1%

😉

Don't worry about it. The good ole' intrest rate parity theorem will fix everything. If you check futures prices for the candien dollar, it will be trading at a discount to current prices (ie, CAD dollars are cheaper for a US investor to buy 90 days from now than they are now). In other words, the market expects the CAD to depreciate (which it "should" if it has a higher interest rate than the US).

Accoring to this page: http://pacific.commerce.ubc.ca/xr/forward.html, the CAD is actually trading at a 2% annual discount (the 90 day future). That is bigger than the 1% interest rate differential.

Sorry, canada loses again 🙂