Re: ING Direct vs Emigrant Direct Bank
That is a pretty nifty calculator. Here's one example that I tried:
5 years with initial $5K balance and $100 monthly contributions:
EmigrantDirect's 4%
1 : 6425.95
2 : 7910
3 : 9454.51
4 : 11061.95
5 : 12734.88
ING Direct's 3.4%
1 : 6391.55
2 : 7831.16
3 : 9320.48
4 : 10861.24
5 : 12455.21
Final difference is $279.67. Of course the interest rates will vary, but based on this year's history, EmigrantDirect will likely average 0.5% higher than ING Direct.
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