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Originally Posted by jeffrey
Everyone, run the numbers before making the switch. It's a teaser rate and only lasts 87 days if you can get the money in today. Also factor in the float from your bank to ING and from ING back to your bank where you won't earn any interest before deciding whether it is worthwhile.
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Good point. It's funny -- on its web site, ING refers to a "blended APY" of 4.03% if you keep your money there until the end of the year.
I'm still anxious to see if/how ED and HSBC respond to this.