Thread: ING DIRECT/Compound interest help.
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Old 01-20-2005, 07:38 AM
henrybemis henrybemis is offline
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Default ING DIRECT/Compound interest help.
Hi All,

Last month I opened up a ING Direct account to deposit my change jar savings. Right now I have thirty dollars that I'd like to add to my 2.35 % interest earning account. However, and this is where I need some thoughtful and savvy financial advice, since they compound daily and then add monthly, should I put in the lump sum and have interest compounded off of that amount or would I be wiser to make weekly deposits for say the next 3 ($10 a week) or 4 ($7.50 a week) weeks and earn more interest compounded on interest?

Thanks so much.
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