The Saving Advice Forums - A classic personal finance community.

Should I switch banks?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Should I switch banks?

    I currently have the bulk of my savings in ING ($22,000). I love their customer service, but their interest rates have gone down. I don't want to chase rates...but should I consider moving my money to another online bank? TIA!

  • #2
    I'm in a similar position. My ING CDs keep maturing and the CD rate sucks, so I have not been renewing them. Like you, I love ING, but I'm about fed up with their rate drops in comparison to most other online savings banks.

    Comment


    • #3
      I have them too.. I transferred all my money to HSBC a long time ago.. best rate I have now is with FNBO which is 1.9% and the highest I've seen recently is GMAC 2.25%

      GMAC BANK 2.25%

      FNBO 1.9%

      ING right now is 1.5%
      HSBC is 1.65%


      It's pretty crappy no matter what.. if you don't have a decent amount of money to put in, then it really wont make a huge difference... $22,000 is a hell of a lot more than me though.. prob worth transferring it to a higher earning account. gluck.
      Last edited by swaymonae; 04-09-2009, 09:53 AM.

      Comment

      Working...
      X