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Less Interest

October 7th, 2007 at 07:07 am

I just noticed that ING has dropped their rates Frown I thought this is strange I am making less money than last month on a daily basis. So go back and review my statements compared to my online on and sure enough they went from 4.50% to 4.30% I guess I should not complain since they are paying more than my local bank

6 Responses to “Less Interest”

  1. reflectionite Says:

    here in australia they just raised ing rates to 7%!
    sorry to hear they dropped for you guys, but i guess all money is good money in the end!

  2. boomeyers Says:

    Good for those getting a mortgage, not so good for those investing!

  3. Aleta Says:

    Amber, it is even less than 4.30%. Their interest rate is something like 4.22% and the APY is 4.30 and that's if you'd leave it in for the whole year. I had the same thing happen. They dropped the rate on the 19th. I couldn't believe as low as their rates were compared to everyone else's that they were one of the first to drop their rate. I just didn't feel like rewarding them by keeping my money their. I moved it to Emigrant Direct. At least they're paying 4.75

  4. Amber Says:

    I was thinking about HSBC I think they are paying $4.50

  5. Aleta Says:

    I closed that account out also. I still have Emigrant Direct at 4.75% and I also am still with FNBO, which has an interest rate of 4.93% with an APR of 5.05.

    Check out PoundWise's rates. They're all up to date.

  6. Amber Says:

    thanks

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