ING Direct vs Emigrant Direct Bank - Page 43

robby · #**841** (**permalink**) 03-03-2007, 08:57 AM

I think I'm about ready to give up on ING. I really thought they would raise rates, but I just don't see it happening so it looks like it's time to move what I have left in that account to another bank.

tinapbeana · #**842** (**permalink**) 03-03-2007, 09:01 AM

personally i'm very pleased with Grand Yield Direct (http://www.grandyielddirect.com). currently they offer daily compounding, interest deposited monthly, and an APY of 5.27%.

poundwise · #**843** (**permalink**) 03-03-2007, 09:16 AM

Of course, the method of compounding is not relevant when considering the APY. It is already factored in to the yield.

Still, Grand Yield Direct from Apple Bank looks like a good account. So does the Amboy Direct Premium account.

If you are looking to change or to get a new account, you can access a complete list on this forum by clicking the link in my signature.

tinapbeana · #**844** (**permalink**) 03-04-2007, 08:49 AM

pundwise is correct, how it's compounded doesn't matter when one has the calculated APY. don't know why i prefer daily compounding, it's likely just a mental 'thing'.

with that said, i find it also nice to know when interest is deposited, and GYD is on the last calendar day of the month as opposed to sometime in the beginning of the next month.

Ima saver · #**845** (**permalink**) 03-04-2007, 08:51 AM

I am just sticking with my local bank which pays 5.25% and I can "visit" whenever I want to.

krayziebone33 · #**846** (**permalink**) 03-04-2007, 11:36 AM

Quote:

Originally Posted by poundwise

Of course, the method of compounding is not relevant when considering the APY. It is already factored in to the yield.

Still, Grand Yield Direct from Apple Bank looks like a good account. So does the Amboy Direct Premium account.

If you are looking to change or to get a new account, you can access a complete list on this forum by clicking the link in my signature.

Its always good to know what you think about a particular subject matter. You are very knowledgeable about all that involves money.

midnight · #**847** (**permalink**) 03-29-2007, 05:52 PM

Anyone know why ING has fallen so far behind the other online banks with their interest rates?

bigsaver · #**848** (**permalink**) 03-29-2007, 06:35 PM

I think because people are so lazy and keep money with them. The only way they would ever become competitive again is if people wake up and switch the highest offering.

sweeps · #**849** (**permalink**) 04-04-2007, 09:58 AM

Came across this today...
Warning: Emigrant Direct no longer allows 3rd party transfers

okaythen · #**850** (**permalink**) 05-10-2007, 09:37 AM

hi guys I have been away in awhile...so other then those 2 what's the best site that offers the best rate, and what's the best site with a decent rate and also service? thanks

Ini_g · #**851** (**permalink**) 05-10-2007, 12:12 PM

ING is growing with an incredible pace.

project15 · #**852** (**permalink**) 05-11-2007, 06:04 AM

Quote:

Originally Posted by Ini_g

ING is growing with an incredible pace.

Not really sure what you mean by this. Care to explain?

Vapors · #**853** (**permalink**) 05-11-2007, 07:41 AM

Quote:

Originally Posted by okaythen

hi guys I have been away in awhile...so other then those 2 what's the best site that offers the best rate, and what's the best site with a decent rate and also service? thanks

GMAC Bank is offering a good rate at the moment. I have also used Virtual Bank.

dorkiedoode · #**854** (**permalink**) 05-15-2007, 08:28 PM

i got the 25 dollars from the ing promo and still awaiting 20 from the extra referrals. am i able to withdraw the 250 now? or do i lose the referrals if i do?

gavinmccallister · #**855** (**permalink**) 08-25-2007, 12:41 PM

Okay does anybody else actually think ING is still the greatest online bank since there are by far much better banks, I personally prefer Emigrant Direct. Has time changed anyone else's opinion on ING?

neguy11 · #**856** (**permalink**) 08-26-2007, 01:44 AM

I love my ING account. It's so easy to use....that HSBC was a hassle. I also have the ING checking account and I love it! I can tranfer money back and forth immediately and checking account earns interest so that's a bonus.

I love that it's paperless. To hell with checks I say!

buzz · #**857** (**permalink**) 08-26-2007, 02:54 PM

I don't know that I would call HSBC a hassle. They are as slow as molasses, though. FNBO is slow also.

mrvirgo · #**858** (**permalink**) 08-28-2007, 03:30 PM

I just closed my ED savings account andmy ING account is lying dormant until they get some truly competive rate. Suprisingly, the local HSBC and Citibank branches offer savings account rates better than both online banks. I'd rather drive to the bank(s) in person and make a deposit at the ATM machine which is credited instanly to my account(s) than to wait for three days before I see a deposit credit. In other words, I've given up with online savings entirely.

okaythen · #**859** (**permalink**) 08-28-2007, 07:36 PM

what bank is taht

genchan · #**860** (**permalink**) 03-12-2008, 12:57 AM

Damn. I miss when these two were trying to outdo one another. Now both pay hardly anything...

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
HSBC Direct $25 Bonus vs Emigrant Direct Bank (Is ING even in the competition?)	genchan	Investing & Banking	206	02-18-2007 04:58 PM
GMAC Bank vs Emigrant Direct	gavinmccallister	Investing & Banking	8	07-18-2006 11:56 PM
emigrant direct	starving_student	Investing & Banking	1	07-08-2006 08:16 PM
Emigrant Direct @ 6%, possible?	gavinmccallister	Investing & Banking	2	07-06-2006 07:13 AM
4% at Emigrant Direct	Bluezy	Personal Finance	4	09-23-2005 06:20 PM

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)