[goodtosave]

I have accounts with both Emigrant Direct and ING Direct. In spite of the startup time, I like Emigrant because of the higher rates and transfer time. With ING direct, I just experienced losing 2 days of interest. I entered my transfer on Friday, the transaction was posted on Monday, my funds was withdrawn from ING Direct on Monday and only deposited to my checking account on Wednesday. I talked to a rep. yesterday and he was aware of the problem and blamed it on the ACH company that ING Direct uses. The point is you could lose up to 2 days of interest EVERY TIME you make a transfer with ING Direct. ING Direct claims that beginning and end of month are bad times to do transfers. So much for Internet banking if they can blame it on the ACH which can't handle the number of transfers from ING Direct.

With Emigrant Direct, you can get you funds the next business day if you enter the transfer before 3:30EST on the current business day.

NO LOST INTEREST.