ING Direct vs Emigrant Direct Bank - Page 44

okaythen · #**861** (**permalink**) 03-12-2008, 01:34 AM

so what r some of the better online savings bank now?

jeffrey · #**862** (**permalink**) 03-12-2008, 03:25 AM

poundwise does an excellent job of keeping the best rates up to date here:

Online Savings Accounts & Current Rates

project15 · #**863** (**permalink**) 03-12-2008, 05:40 AM

3.3 from ED

Pitman · #**864** (**permalink**) 03-12-2008, 06:30 AM

I've only been with ING for a short time, Nov. 2007 to be exact, but I'm pleased with them so far.

midnight · #**865** (**permalink**) 03-14-2008, 12:03 AM

It's depressing looking at the rates now. ING is down to 3.1%. I want to cry.

Jazzmint98 · #**866** (**permalink**) 03-15-2008, 08:30 PM

I have taken most of my money out of ING because of the very low interest rate. I do have the checking account and a savings account there that I have linked to Shore Bank. I just park the majority of my savings there and transfer it to my ING checking account to pay bills online. I am pleased with Shore Bank's interest rate, although the transfer of funds to other financial institutions generally takes about 5 business days.

Pitman · #**867** (**permalink**) 03-16-2008, 12:40 PM

Quote:

Originally Posted by midnight

It's depressing looking at the rates now. ING is down to 3.1%. I want to cry.

If it was ING's rate that was going down, I would discontinue my savings with them, but everyone's rate is steadily decreasing.

genchan · #**868** (**permalink**) 03-19-2008, 11:28 AM

I just checked in my account and it's down to 3.0%

genchan · #**869** (**permalink**) 03-30-2008, 10:48 AM

So how low do people think that the online interest rates go? And is there any hope for recovery?

kork13 · #**870** (**permalink**) 03-30-2008, 01:57 PM

I'm almost certain that they'll recover at least a point, or more. Rates started falling when the Fed began aggressively cutting the prime rate. Keeping it this low is unmanageable for the economy over the long-run, so the Fed will have to raise their rate again over time, and I expect that OSA rates will likely follow in tune with the Fed's changes.

genchan · #**871** (**permalink**) 04-03-2008, 01:23 PM

I read that some economists are predicting double digit inflation - if that happens, will we also see double digit interest rates?

2moretrees · #**872** (**permalink**) 05-31-2008, 07:20 PM

With inflation as high as it is, keeping money in a bank like ING is losing money. Is there anything that can be done about this? Will the banks start raising interest rates again soon?

okaythen · #**873** (**permalink**) 05-31-2008, 08:40 PM

side questions how's FNBO nowadays