[goodtosave]

As I understand it, the offer is only for funds transferred between 1/19/06 and 4/25/06. After 4/25/06, the rate goes back to regular ING Direct's rates.

However, if you only intend for this to be a temporary move, consider the 2 days of lost interest when you move money in and out of ING Direct.

And you will lose 1 day of interest when transferring funds out of ED.

So for 10K, you will gain an additional 18.75(assume 3 months) - 3.29 for 3 days of lost interest. So your net is about 18.50 for 3 months.

However, my hunch tells me that ED will raise its rates to 4.25 before or after the Fed meeting in a few days. If that's the case, then you will net gain about 9.20 for 10K during this period.

Just something to consider.