I like Wachovia Way 2 Save much better.
Each time you use your debit card as a "credit," as well as make bill payments from your checking account, they transfer $1 from checking to savings. You can also earn reward points from swiping your debit card as a "credit" but that's a different program. You can also do an automatic transfer fo up to $100 per month from your checking to your savings.
The APY if 5% for year one, and 2% for years two and three. You also get an annual bonus: 5% of the eligible balance for year one (up to $300) and 2% of the eligible balance (up to $300) for year two and three.
For me this is a good program because I CANNOT use credit cards, but I am still earning reward points through the Wachovia Possibilities Rewards AND I am growing my emergency savings at a higher rate than I get through ING. I'm not really able to put a large chunk of money into savings, so this is a practical way for me to slowly build up a savings.
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