ING Direct vs Emigrant Direct Bank

[sweeps]

Re: ING Direct vs Emigrant Direct Bank

Re the 2 star rating: Your money is safe, it's FDIC insured. But it could mean down the road Emigrant won't be able to keep up with the interest rate game. I'd just wait and see if that happens before making any big moves.

[genchan]

Re: ING Direct vs Emigrant Direct Bank

Is it true that Emigrant will be raising thier rates to 5.15% later this month?

[joseblanco]

Re: ING Direct vs Emigrant Direct Bank

I have an Emigrant account and I have not gotten one of these notices. I recently got an e-mail saying the revamped site will require the current site to be down from 21-24 July. I've moved most of my savings to HSBC long ago but kept my Emigrant Account open and modestly funded as they've remained competitive. I've moved on from INGDirect long ago, I recommend you do the same.

[djaco]

Re: ING Direct vs Emigrant Direct Bank

Is it true that Emigrant will be raising thier rates to 5.15% later this month?

I sure hope so. I've been watching all the other internet bank interest rates go up and up, and ING doesn't seem to want to stay competitive. I joined ING a few months ago and they have raised rates a bit each month, but I think now they are still only at 4.35% or so. I'm hanging on to my ING account for 2 more months to see what their response is to the competition. If they still don't want to play the interest game, I'm taking my money elsewhere.

I've been dissapointed in ING for the interest rate lag and also they never responded to an email I sent them requesting information on what they are doing to protect customer information. I raised the question to them after one of their employees laptops was stolen from his home, and it had thousands of customer records on it. It's been several weeks and no response. Guess they've swept this issue under the rug!

[fratkid21]

Re: ING Direct vs Emigrant Direct Bank

YES,

I got my new password ID in the mail from Emigrant today (to use on the new website)...

On the bottom of the mailer, it says "as of July 28 the APY will be 5.15"

[fratkid21]

Re: ING Direct vs Emigrant Direct Bank

p.s. GMAC raised their rates to 5.05 as did HSBC

[gavinmccallister]

Re: ING Direct vs Emigrant Direct Bank

Important Notice!



Our new website will be launched on Monday, July 24, 2006.

From that date forward, the first time you access the new website a new secure access code will be required. This new secure access code was recently mailed to the home address we have on file for you and should arrive in the next few days. Please be on the lookout for this important mailing.

Also, please note that the EmigrantDirect.com website will not be available from Friday, July 21, 2006, at 5:00 PM ET to Monday, July 24, 2006, at 9:00 AM ET due to our conversion to the new website.

We are pleased to be able to bring you the best functionality and security in the industry with our new website.

[sweeps]

Re: ING Direct vs Emigrant Direct Bank

This is the thread that just won't die...

[robby]

Re: ING Direct vs Emigrant Direct Bank

This is the thread that just won't die...

It does seem that way. A lot of good comments in this thread, but it woould take a day for someone new to read through it all. It really is a history of what online banks have been doing these past months.

Why would Emigrant announce they were raising rates later on and just not raise them?

[jmjj215]

Re: ING Direct vs Emigrant Direct Bank

Why would Emigrant announce they were raising rates later on and just not raise them?

Maybe they're hoping to get people bouncing over in anticipation of the rate change? A thought.

[BTC]

Re: ING Direct vs Emigrant Direct Bank

YES,

I got my new password ID in the mail from Emigrant today (to use on the new website)...

On the bottom of the mailer, it says "as of July 28 the APY will be 5.15"

I have received nothing and time would seem to be running out.

[joseblanco]

Re: ING Direct vs Emigrant Direct Bank

I have received nothing and time would seem to be running out.

I just got mine today. It should come this week as its a combined announcement regarding the new website coming this weekend and then the bump in rates the following weekend. Ciao

[okaythen]

Re: ING Direct vs Emigrant Direct Bank

what's up with the new login process by both sites..they just improvise it or did someone lose money coz of bad security?

[joseblanco]

Re: ING Direct vs Emigrant Direct Bank

I'd say its a hot button topic lately so there maybe an uncoordinated industry wide desire to enhance security to insure image is not tarnished. ED has been planning their upgrades for awhile. ING's is more recent. HSBC also bumped up security a bit. There might be more to it than what is in the public domain, hackers are always challenging security so a good bank should always be seeing improvements in this area to stay one step ahead.

[destinylove]

Re: ING Direct vs Emigrant Direct Bank

Everyone says the $25 bonus from ING is one of the biggest differences between the two banks and that's why they chose ING. Couldn't you open an account with ING Direct, get the bonus, then withdraw your money and start an account with Emigrant Direct?