ING Direct paying 4%??

Syringer

Lifer
Aug 2, 2001
19,333
3
71
My friend claims she opened a regular savings account with ING Direct, and is getting a 4% APR with a $25 bonus. Is this what everyone else is getting? Isn't the fed rate not much higher than that?
 

slikmunks

Diamond Member
Apr 18, 2001
3,490
0
0
wow, if it's 4%, i'll throw my extra $$ in there...



d'oh, don't really have much of that........
 

KEV1N

Platinum Member
Jan 15, 2000
2,932
1
0
Only product they have that pays close to that is the 5yr CD. (4.1%)
 

hevnsnt

Lifer
Mar 18, 2000
10,868
1
0
Ok.. Break down why I should have my money in ING Direct.. I keep 5 sep accounts

Paypal account
My Personal Slush fund Checking
My Wife & I's Checking
My Wife & I's Savings
My Wife & I's Investment acct.

Should I move my paypal/slush to an ING acct?
 

Horus

Platinum Member
Dec 27, 2003
2,838
1
0
Move your saving to ING. Very low service charges, good interest rates.
 

Ameesh

Lifer
Apr 3, 2001
23,686
1
0
Originally posted by: hevnsnt
Ok.. Break down why I should have my money in ING Direct.. I keep 5 sep accounts

Paypal account
My Personal Slush fund Checking
My Wife & I's Checking
My Wife & I's Savings
My Wife & I's Investment acct.

Should I move my paypal/slush to an ING acct?

You wont be able to write checks out of ING as it is a savings account not a checking account.
 

Dr. Detroit

Diamond Member
Sep 25, 2004
8,561
950
126
World Savings is paying 2.25% as well.


My credit Union just offered 3.50% for a 13-month CD.





 

shopbruin

Diamond Member
Jul 12, 2000
5,817
0
0
it's the 5 year cd that's at 4 something percent.

<-- bf works for ING.

i hear this stuff alllllll day.
 

Mayfriday0529

Diamond Member
Sep 15, 2003
7,187
0
71
Is it worth getting the ING account for whatever amount of money, low or high? i was just lookign for a new savings account yesterday and i want money transfer from my bank account weekly to save for emergencies or just save in general?
 

Ranger X

Lifer
Mar 18, 2000
11,218
1
0
Originally posted by: Jnetty99
Is it worth getting the ING account for whatever amount of money, low or high? i was just lookign for a new savings account yesterday and i want money transfer from my bank account weekly to save for emergencies or just save in general?
It sure as hell beats having a regular savings account at your local bank.
 

Mayfriday0529

Diamond Member
Sep 15, 2003
7,187
0
71
Originally posted by: Ranger X
Originally posted by: Jnetty99
Is it worth getting the ING account for whatever amount of money, low or high? i was just lookign for a new savings account yesterday and i want money transfer from my bank account weekly to save for emergencies or just save in general?
It sure as hell beats having a regular savings account at your local bank.

well i'm going to do it then.
 

tk149

Diamond Member
Apr 3, 2002
7,253
1
0
Originally posted by: Horus
Move your saving to ING. Very low service charges, good interest rates.
What service charges? I opened my savings account with ONE dollar, and they gave me $50. I left that balance in there for about a year with no service charge.

Now there's a lot more in there. :)