ING Direct vs Emigrant Direct Bank

[BAGAGT1]

Re: ING Direct vs Emigrant Direct Bank

Hmmm... ING has some fairly good short term CD rates:

http://home.ingdirect.com/products/cds_content.html

How is 3.7% for a 2 year CD with no minimum deposit and no fees? Are there better deals out there?

Yes there is how about 4.2% for a one year CD with a $1000 minimum balance?

www.americanchartered.com

I recently opened a CD there when it was at 4.05%, I wish I had waited.

[sbsake]

Re: ING Direct vs Emigrant Direct Bank

I have several accounts with ING. I am looking for better account. I like ING and am looking for a place that allows me to transfer money in and out and has atm or check options

Re: ING Direct vs Emigrant Direct Bank

I think you can do that with PayPal? and it has a MMA 3.22% interest rate, so any money you have in there you earn interest. But I am pretty sure you pay fees on every withdrawal/deposit you make (see how little I know about it. lol).

[sbsake]

Re: ING Direct vs Emigrant Direct Bank

Yes ... I know paypal.. I have never had any problems but others have and they have been sues in the past for how they handle the money ... not FDIC insured so not worth the risk.. for a small amount ok .. but nothing else

[sbsake]

Re: ING Direct vs Emigrant Direct Bank

what do u thing abt http://us.hsbc.com/personal/personal_home_page.html

[sbsake]

Re: ING Direct vs Emigrant Direct Bank

I just opened an account with Emigrant Direct Bank ** do they have a nice online system or not ??

[sbsake]

Re: ING Direct vs Emigrant Direct Bank

Does anybody know of a good bank with a great rate ...???

[baselle]

Re: ING Direct vs Emigrant Direct Bank

Just in case any one hadn't noticed, ING bumped their interest rate to 3.15%.

[sbsake]

Re: ING Direct vs Emigrant Direct Bank

yup thats right ... ing is on the move ... cd rates increased last week

[Bluezy]

Re: ING Direct vs Emigrant Direct Bank

Is that 3.15 % for all accounts or new accounts?

[terry1156]

Re: ING Direct vs Emigrant Direct Bank

Is that 3.15 % for all accounts or new accounts?

That is for all accounts

[Bluezy]

Re: ING Direct vs Emigrant Direct Bank

Bless them then I shall look into an ING account. I'm also hoping they still over incentives for opening an account.

[jeffrey]

Re: ING Direct vs Emigrant Direct Bank

Bless them then I shall look into an ING account. I'm also hoping they still over incentives for opening an account.

I'll have Nate send you an invite in case you need it for the free $25

[jmjj215]

Re: ING Direct vs Emigrant Direct Bank

So, w/ a hypothetical $25,000 balance, each year you're making another $37.50 - it doesn't seem like a lot when looked at that way - but hey, it's $37.50 you wouldn't have otherwise.

[PennyPincher]

Re: ING Direct vs Emigrant Direct Bank

So, w/ a hypothetical $25,000 balance, each year you're making another $37.50 - it doesn't seem like a lot when looked at that way - but hey, it's $37.50 you wouldn't have otherwise.

Just to piggyback on jmjj...Not only is it money you didn't have before...but on that example I believe it would be more like $44.73 in interest after just one year ~ since it compounds. The first month you'd gain an extra $3.13, then $3.22, then $3.32, then $3.43, etc. So by the end of year one, it's already made a $44+ difference! (Assuming we all have $25,000 in our accounts!!!) I just wanted to remind us of the beauty of compounding. And that benefit is gained year after year. Eventually, that .15% starts to make a nice difference. Especially since we're earning 3.15% on the extra .15% we didn't have before...

I'll take it! (Any any more they want to provide...)