Comments

1. Mixelflick Says:
   March 31st, 2006 at 1:43 am

   Wow. Is this the new “regular” rate?

   If so, it’s really disappointing. I’d love to put more money with ING to diversify, but with rates like this, I’ll have to wait until the next promotion.

2. Tark Says:
   March 31st, 2006 at 4:46 am

   How come Citibank’s e-Savings hasn’t made the list?

3. Mike Says:
   March 31st, 2006 at 5:46 am

   4% is so unexciting now. I think my money’s coming straight out of ING at the end of the sale and going straight into HSBC.

4. Miller Says:
   March 31st, 2006 at 8:19 am

   Any word on HSBC? From their site:

   Until April 30, 2006, with the Fat Savings Bonus, you’ll earn a 4.80% Annual Percentage Yield (APY)* Afterwards, you’ll continue to earn one of the best rates.

   * Annual Percentage Yield (APY) is offered on accounts opened through 04/30/06. After 4/30/06, all deposits will earn the variable APY available at that time. Minimum balance to open an account is $1.00.

5. Dave the H Says:
   March 31st, 2006 at 9:06 am

   In your chart comparing interest rates at the four online banks, you write: “That way, one can always move money away without issues.”

   However, I noticed after I set up an account as HSBC Direct that they charge you a fee to transfer money out to a non-HSBC bank.

   Considering the pittance cost of ACH transactions, that’s shortsighted. I would have actively used that HSBC Direct account, instead of our ING Direct account, but I’m not going to pay to withdraw money.

   I just also set up an EmigrantDirect account, and hope I won’t find such punative fees there, too.

   O’wise, even though ING Direct’s rates aren’t the highest, their customer servicer is excellent (other ways I’ve seen that too…for example, no voice mail…they just answer the phone with a live person).

6. Jonathan Says:
   March 31st, 2006 at 9:35 am

   Tark – I may add it later if I can cram it in. I try to only keep accounts with no strings attached (no minimums + no fees), and Citi’s requires a checking account that has fees.

   Dave the H – If you read more, the HSBC OnlineSavings account is exempt from that $3 fee. There no fee for withdrawals.

7. Marco Says:
   March 31st, 2006 at 12:16 pm

   ING has been stingy compared to HSBC and Emigrants. I was expecting more but will now promptly transfer what I have left (old money earning the 4%)to HSBC. I love the ING site but not @ 4%

8. Jonathan Bright Says:
   April 1st, 2006 at 4:59 pm

   You mentioned this news comes on the eve of the end of the Winter Save Up Sale. However, the end of that promo is April 15, not April 1. Just an FYI.

9. Jonathan Says:
   April 1st, 2006 at 5:51 pm

   Yes, should have made a better choice in words, I meant the definition of eve that is “the period immediately preceding a certain event.”

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