ING Direct vs Emigrant Direct Bank

[34saving]

ING sends an e-mail (or web screen right after you sign up?) with your account number. I don't think I ever got anything in the mail from them. I just called their call center and got through just fine. They did say they had one call center than was down for awhile because of a storm, so maybe you should try again now?

[Amytheamazing]

Still can't get that 888 # to work so I called the long distance number 302-xxx-xxxx and spoke to a real person!!! My account is now open although I can't verify my account since the hurricane destroyed my bank's 800# system and website server stuff so I'm mailing them a check and that will count.

I won't get cable (internet or TV) back until January so they are letting me mail a check. No word on when landlines will be operating. All in all, my ING account is set and ready to start making money

[CJsoccerchic]

I FINALLY ended up going and getting the ING. Hoping for the best...

[terry1156]

It seems that Emigrant Direct raised their interest rates to 4%

[ken1706]

Yup, Emigrant Direct raised their rates by 0.5% today! Now they're 0.7% above ING's rates.

It'll be interesting to see how ING reacts. How long will it take? How much will they raise it?

[Russell]

Originally Posted by ken1706

Yup, Emigrant Direct raised their rates by 0.5% today! Now they're 0.7% above ING's rates.

It'll be interesting to see how ING reacts. How long will it take? How much will they raise it?

That's it, I'm finally switching to ED.

ING is no longer the leader in offering high rates. Last time they responded with 3.3% vs. ED's 3.5% - so their response didn't even match ED. They may prove me wrong this time but even if they offer 4.1% its not that big of a diff. However, 3.3 vs. 4.0 is big.

[jmjj215]

I'm going to have to move over to Emigrant if ING doesn't respond in the next 30 days. Paypal still giving a nice 3.5% - that will probably go up soon too - as it seems to adjust naturally.

[Bluezy]

I checked my Emigrant account last night, only to find that Emigrant is now paying 4%! SO to all who have Emigrant accounts, rejoice

[genchan]

Is ING really meeting the challenge these days? Emigrand Direct ups their rate to 4% and all ING can do to counter is 3.4%. Yes, they have a good website and yes itis easy to use, but it seems they are falling off the ball with their rates.

[Bluezy]

I decided not to chase all the bonus offers and stay with one online savings account, my Emigrant Direct. Even though the website has no frills and is quite basic, I'd rather have the top rate for my savings account.

[CJsoccerchic]

JUST when I went to ING, did ED decide to rasie the rates. What bad luck! Wait.. Does ED give the $25 incentive too?

[34saving]

No. ED doesn't do any type of sign-up bonus. So, even if you transfer your money to ED you're still ahead because you initially signed up with ING. I think many of us have accounts with both.

[jmjj215]

For those people w/ both banks: Is there a difference in withdrawal time from one to the other? When you initiate a withdrawal, do you get your money faster with ED or ING? ING seems to be pretty slow these days.

[34saving]

ED is faster. ING doesn't even try until the next business day.

[jmjj215]

Now you've really got me defecting 34!

[terry1156]

Has the ING site been down for other people today, or is it just my computer?

[CRFSaver]

I have discovered trying to log in from work i have a lot of problems with ING's website but never from home.

[CJsoccerchic]

Hmm... seems like I too am having trouble...

[CJsoccerchic]

OH - does anyone know if you can get a "bank card" of some sort from ING? and I just found out that I can make 10 from referring other people to ING. I think thatmakes ING better then ED

[CRFSaver]

There is no bank or debit card. That is how ING is able to offer better rates. They have a very low cost structure. They dont have to hold cash, they dont have to build ATM's, they only have to do remittance processing on checks that get sent in.