nippyjun said:For joint accounts is the FDIC insurance $100,000 or $200,000?

As noted in the interest rate thread, here is the FDIC page that says it is $200k.

ING delayed their rate adjustment long enough to lose the fast money to Emigrant, CapOne, MetLife, World Savings, or your local bank special. What caused them to act so slowly is a mystery, but the ING depositor profile right now is probably the slower money who thinks its too much of a hassle to manage multiple bank accounts. Maybe that's what ING was after. They lost brownie points for being last to raise rates, and this flat yield curve level could be the inflection point where ING takes second place to the others. We should see 3% rates by early May in most HYS accounts. It will be interesting to see if ING can keep up.

still losing hundreds of dollars in interest at ING.


you know what you can do with hundreds of dollars?! that's hundreds of Whoppers.

I moved out a lot from ING prior to the rate change. But, its a good thing because I had over the FDIC insured limit there anyway.

The CD rates are 0.25% higher now too.

MyWallet012 said:hiddendragon999 said:ING delayed their rate adjustment long enough to lose the fast money to Emigrant, CapOne, MetLife, World Savings, or your local bank special. What caused them to act so slowly is a mystery, but the ING depositor profile right now is probably the slower money who thinks its too much of a hassle to manage multiple bank accounts. Maybe that's what ING was after. They lost brownie points for being last to raise rates, and this flat yield curve level could be the inflection point where ING takes second place to the others. We should see 3% rates by early May in most HYS accounts. It will be interesting to see if ING can keep up.

METLIFE BANK MONEY MARKET INTEREST RATE IS 2.50% AT $5K MIN. METLIFE BANK

WORLD SAVING IS 1.67% AT $50,000 MIN. WORLD SAVING

THERE ARE NOT ANY BETTER THEN ING Direct.

ONLY EMIGRANT AT 3.00% IS HIGHER THEN ING.

Lies! Lies! Lies!

Go to this thread to see that:
ebank is better than ING
Superior Savings is better than ING
CNBT is better than ING
Emigrant Bank is better than ING
Charter One is better than ING
Presidential Bank is better than ING
Ascencia is better than ING
Union Federal Bank is better than ING
National InterBank is better than ING
Capital One/Costco Money Market is better than ING
Capital One High Yield Savings is better than ING
CountryWide Bank is better than ING

What is it with ING that people think it is the best thing out there? It is not true and it hasn't been, if it ever was, for a long time.

I too feel like ING Direct has been slipping for the past year or so. I know, I've been with them since late 2002. Like this year I didn't get my 1099-INT until the 22nd of February!!! For 2003 taxes they let EVERYONE download them online way ahead of time (the date on my printout of my 2003 1099INT was January 16th). This year you can only get them online if you cancel paper statements! I feel no reason to cancel paper statements when they continue to lag on their money market yields and 4+ YR CD yields. (I feel both products should have rates from 25-40bps higher).

Alas, I still feel more comfortable with ING than ED (does ED even offer CDs??? >80% of my ING money is in laddered CDs) and as they continue to offer better yields than my small credit union I have to go with ING. My credit union used to be pretty kick-butt too, back before the Fed started cutting rates in the late 90s/early 2000s I actually had a 5 yr CD at 7.00% with the credit union !!!

FatNYC said:Cheap said:nippyjun said:For joint accounts is the FDIC insurance $100,000 or $200,000?

As noted in the interest rate thread, here is the FDIC page that says it is $200k.

That's good to know. Thanks for the info!

The $200,000 insurance for joint accounts means $100,000 for each person on the account. If the bank goes under, each person only gets $100,000, so be nice to the other person.

Been trying to open a Capital One High Yield Savings to get the 2.65% but it's been a week since I verified my funding source and still nada. But now ING is 2.6%..probably will just forget about Capital One for now...

(3.00%-2.60%) * $50 = 20 cents/year interest income

I believe what you are saying is, you make more money collecting referral bonuses from ING than on interest income because you are a college student with many friends, but no money. A valid reason to like ING more, at least until you graduate and have more money than friends.

parquedematthew said:While ING may not have the highest rates, I think customer service goes a long way with me. I may not have the higest rate, but I like the way they treat me and how important they make you feel when you call, even if you just have a $50 signing bonus sitting in your account. The others can keep their higher rates - at least I don't feel like just an account number.

I could do a commercial, huh?

I also have to give them credit for their referral system. $10 per person is alot for me and my college budget and my friends have all been happy with them also. Not saying they're the best, but I do like how they work.