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Originally Posted by coffeebreak
It took about 24 hours to get money out of ED and into ING; this time. The calculator mentioned below your post says that I need to keep the money in ING for 5.33 day to break even. If it's 2 days then it will take 10 days. A 3 day transfer would take 16 days.
I am a bit surprised that ED didn't raise their rate after the last fed increase. I hope the next rate they offer will be 4.5%. I am going to see what happens at the end of my time with ING before I make a decision about where to keep my savings. It's too easy to transfer money for ED to fall behind the pack.
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Did you schedule the transfer from ED and ING for the same day. So both debit and credit hit your checking account on the same day.