Dollar Savings Direct, ING Drop Savings Rates
February 5, 2009
Dollar Savings Direct dropped their savings rate to 3.20% (down from 3.5% and 4.0% recently). ING Direct is now at 2.2% (from 2.4%). ING Direct is probably my favorite online savings account because they don’t drop rates drastically like their competitors and they raise rates faster when general interest rates are rising. Get a $25 bonus for opening an account! Just email me. HSBC Direct is at 2.45%.
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March 10, 2011 at 12:16 am
ING is a solid choice. You can find some calculators that help to understand difference a few points in interest make at http://www.officialmortgagecalc.com/compoundinterestcalculator.htm