ING Direct - 2.6% APY Savings Account

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Spoofee

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ING Direct is offering a savings account with 2.6% APY. This is higher than Bank of America's CDs. If you have money sitting in your account doing nothing, throw it into ING Direct to build up money.
 
Emigrant doesn't look as professional as Ing. Ing also gives you a bonus $25 if someone refers you and $10 for every person you refer.
 
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Please do not ask for referrals or state you have referrals available.
 
my mistake choochoo, that post was not here when i put my previous post. sorry!
 
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CapitalOne is offering a CD rate of 2.65%
[ http://www.capitalone.com/savings/index.php?linkid=WWW_1204_SAVG_04_HOME_H1_03_G_SP1 ]

I have had experience with both ING and CapitalOne CDs. Their rates are usually about the same, but it seems that ING is a smaller company. I have had to talk with CapitalOne's customer service to resolve problems (IE lost my initial deposit), and their customer support is ok and did resolve the issue. With ING I have not needed to talk to customer service about a problem. ING can not handle trust held accounts, but CapitalOne say they can.
 
We put our savings in an ING Orange account last fall when the interest rate was only 2.25%. We have been happy with ING and it has been neat to see the interest rate rise-- it went form 2.25 to 2.35 then just now to 2.6. I've been really pleased with ING. Hope that helps anyone considering using ING!
 
I've actually spoken to ING's customer service a couple times for minor issues. They were very helpful and everything was taken care of when I called. I highly recommend them. The only downside is that there is slight waiting period to transfer money out or have access to money that was deposited.
 
pennysaved said:
CapitalOne is offering a CD rate of 2.65%
[ http://www.capitalone.com/savings/index.php?linkid=WWW_1204_SAVG_04_HOME_H1_03_G_SP1 ]

I have had experience with both ING and CapitalOne CDs. Their rates are usually about the same, but it seems that ING is a smaller company. I have had to talk with CapitalOne's customer service to resolve problems (IE lost my initial deposit), and their customer support is ok and did resolve the issue. With ING I have not needed to talk to customer service about a problem. ING can not handle trust held accounts, but CapitalOne say they can.
Click to expand...

I am not sure by this quote but you seem to be comparing a regular ING savings account with a rate of 2.6 with a capital one CD with a rate of 2.65

Correct me if I am wrong but CD's are very restrictive on deposits and withdrawal in order for the 2.65 to be like that. ING is stronger in that the 2.6 is on a regular savings account ... no minimums, no restrictions on deposits and withdrawals, just a regular account. I have used ING too as well and am happy with it. Have had no problems.

My apologies if I am wrong about my idea behind your quote :)
 
they stated that they are FDIC insured, but i couldn't find any info about them at the FDIC website. :hmm:
 
Yell at me if I'm wrong, but doesn't Emigrant-Direct have an APY that increases yearly (account-dependent)? Obviously ING and Emigrant will both have increasing APYs, but I think Emigrant's also increases for however long you have had the account.
 
pennysaved said:
CapitalOne is offering a CD rate of 2.65%
[ http://www.capitalone.com/savings/index.php?linkid=WWW_1204_SAVG_04_HOME_H1_03_G_SP1 ]

I have had experience with both ING and CapitalOne CDs. Their rates are usually about the same, but it seems that ING is a smaller company. I have had to talk with CapitalOne's customer service to resolve problems (IE lost my initial deposit), and their customer support is ok and did resolve the issue. With ING I have not needed to talk to customer service about a problem. ING can not handle trust held accounts, but CapitalOne say they can.
Click to expand...
My mistake CapitalOne is offering a saving account with rate of 2.65%, but I have not investigated the details of the offer.

CapitalOne CDs rate are currently around (depending):
Certificate of Deposit (minimum deposit of $5,000)
CD Term Interest Rate APY**
1 month*** 1.32 % 1.33 %
2 months*** 1.43 % 1.44 %
3 months*** 2.13 % 2.15 %
6 months*** 2.91 % 2.95 %
12 months 3.39 % 3.45 %
18 months 3.44 % 3.50 %
24 months 3.54 % 3.60 %
30 months 3.59 % 3.66 %
36 months 3.78 % 3.85 %
48 months 3.92 % 4.00 %
60 months 4.35 % 4.45 %
 
EternallyAndy said:
Yell at me if I'm wrong, but doesn't Emigrant-Direct have an APY that increases yearly (account-dependent)? Obviously ING and Emigrant will both have increasing APYs, but I think Emigrant's also increases for however long you have had the account.
Click to expand...

What does that mean? Can you please explain? Emigrant seems to guarantee that they will not bring down the APY till the end of 2005, and it seems exciting to me because ING has always fluctuated their interest rate to attract new customers.
 
hey!!! looks like Emigrant Direct is pretty good.

FDIC says, "Yes, Emigrant Savings Bank has been FDIC insured since 01/01/1934."

AND, they have 35 branch offices, but all are in NY tho :(
 
Emigrant does guarantee a minimum of 3% for '05 which currently beats ING's rate, but since interest rates will probably be going up I'm not so sure Emigrant will stay ahead. ING usually has one of the best savings account APY's.

BTW Pennysaved - ING is a much bigger company than Capital One.
 
Another alternative for CA- Bay area residents

Try PATELCO - they have a special 11 month CD going for 3.75% APY. Check them out at www.patelco.com

ING is where i have been putting $$ so far and it has been smooth but emigrant-bank is definitely LEGIT. However, they rejected my online application for some reason (I need to call customer service which operates only M-F restricted hours 8am-8pm) ING has better service - call on weekends as well.
Just my 0.02 folks
 
Just compare the two website, ING beats Emigrant hands down. There's a reason some people think Emigrant isn't legit, just look at their website.

Also incase anyone was wondering, yahoo is featuring emigrant on the front of their webpage.
 
I bought a CD recently at my local bank; had the loan person log onto spoofee.com for the ING link; then my bank matched the 2.6% rate. Couldn't get the $50 new customer bonus though. Thanks, spoofee!
 
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