ING Direct vs Emigrant Direct Bank

[genchan]

Re: ING Direct vs Emigrant Direct Bank

Can't believe this thread finally died. Thought it would go on forever

[PRICEPLUS]

Re: ING Direct vs Emigrant Direct Bank

This is the thread that never ends
It just goes on and on my friends
Some people started posting here, it seemed so very long
and they'll continue posting here until this board is gone

(Repeat Ad Infinitum!)

[krayziebone33]

Re: ING Direct vs Emigrant Direct Bank

As stated in another thread, OneUnited has raised their APY to 5.30%. However, you have to have and maintain a balance of $1,000 to open and earn said interest. I opened the account when you could still open it with just $10, but since I have not moved all of my money yet, my balance in not the required balance and I am not earning interest on my money.

[ItsDubC]

Re: ING Direct vs Emigrant Direct Bank

I heard a rumor that ING might disconinue their $25 bonus starting at the beginning of 2007. Has anyone else heard about this or is this just a rumor?

I sent an ING Direct savings account referral to a family member a few days ago so it seems that they have not discontinued it as of yet. $25 bonus to new customers and $10 bonus to referrers.

As a sidenote, I've had my ING Direct account for over a year and a half, and have only experienced downtime on their site once. I am more than pleased w/ the web interface and their continual improvements to security and usability. I also like how I can grade ING Direct on various aspects of the service and then can access ING's "report card" to see what grades other users are giving the service. At the very least, this system conveys a sense of continual improvement.

[robby]

Re: ING Direct vs Emigrant Direct Bank

I miss the online rate wars. It was fun watching as every week or so one of the online banks tried to outdo the others. I'd love for that to come back.

[project15]

Re: ING Direct vs Emigrant Direct Bank

I hate that I have to login to ING using a long random number. I much prefer a username which is why I switched to Emigrant

[krayziebone33]

Re: ING Direct vs Emigrant Direct Bank

HSBC sent me an e-mail saying that between now and April 30, 2007, any new money that is transferred to an HSBC account from a non-HSBC account will receive 6% interest. That's nuts

[Aleta]

Re: ING Direct vs Emigrant Direct Bank

That's the rate. I just enrolled today. I was going to do a CD, but why should I tie it up when you can get 6% for 3 months.

[robby]

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]

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]

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]

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]

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

[krayziebone33]

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]

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