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darn it

December 15th, 2007 at 02:12 pm

I never use to pay attention to interest rates, if I got a CC I was just happy I had one, and I never paid attention to how much money the bank was paying me to borrow (in a sense )my money.

Now with the feds lowering the interest rates a quarter point ING has now lowered my interest to 4.025% which for me sucks, especially now that I have more money in that account.

I prefer ING but I may have to transfer my funds to HSBC since their rates are much higher

This housing/credit situation is creating a problem for everyone. Now I do not feel as though the government should step in and bail people out but I do feel as though they should look into the practices that caused this mess

1 Responses to “darn it”

  1. Aleta Says:

    They can't lower them much more because the Fed (Benake) is straddling a fence with possibly creating a inflationary situation.

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