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posted: Apr. 4, 2005 @ 11:22p
Kinder
Member
posted: Apr. 4, 2005 @ 11:23p
Good news!
rhm54
Member
posted: Apr. 4, 2005 @ 11:24p
Just noticed myself! Trying to compete with ED
jdopple
Senior Member - 1K
posted: Apr. 4, 2005 @ 11:30p
About time. What's this about ING holding funds for 10 days and not paying interest during that time?
Greg62
Senior Member
posted: Apr. 4, 2005 @ 11:32p
I hope that ING keeps the refer a friend program, they keep raising rates which is great, but can they afford to have both? I made more money telling my friends about ING than I did off of interest, of course I have more friends than money ING already got rid of the Home Equity program.
twe
Happy Member
posted: Apr. 4, 2005 @ 11:34p
vely good
dealfinder10
Senior Member
posted: Apr. 4, 2005 @ 11:40p
Great New!!
Sham03
Member
posted: Apr. 5, 2005 @ 12:15a
jdopple said: About time. What's this about ING holding funds for 10 days and not paying interest during that time?
I thought they did pay interest.
adiganifatwallet
Senior Member
posted: Apr. 5, 2005 @ 12:17a
Anyone knows when the Fed are meeting again? If they think that inflation is nothing, they're gonna increase interest rate again... Miss the good old days... Put money on AMEX Money Market account for 5.65% and got $1,000 interest for that one year.
Bycracky
Senior Member
posted: Apr. 5, 2005 @ 1:12a
Does this mean Emigrant will bump their rate to 3.45%?
Kismet4Max
Senior Member
posted: Apr. 5, 2005 @ 1:39a
jdopple said: About time. What's this about ING holding funds for 10 days and not paying interest during that time?
For your first deposit, the funds are held for 10 business days. Interest starts on the 2nd business day.
For every deposit the first, funds are held for 5 business days, and interest accures starting on the 2nd business day.
adiganifatwallet said: Anyone knows when the Fed are meeting again?
If I am not mistaken, it will be may 3rd.
Good to hear theat ING raised to 3.0. I just completed my Emigrant Account last night.
xpguy
Senior Member - 3K
posted: Apr. 5, 2005 @ 7:33a
pressure from Emigrant of course. Gotta love competition
byamagata
Member
posted: Apr. 5, 2005 @ 7:56a
adiganifatwallet said: If they think that inflation is nothing, they're gonna increase interest rate again...
Incorrect. One of the reasons the Feds increase the interest rate is to lower the rate of inflation. Higher interest rates lowers the liquid supply of money which lowers the rate of inflation.
byamagata said: adiganifatwallet said: If they think that inflation is nothing, they're gonna increase interest rate again...
Incorrect. One of the reasons the Feds increase the interest rate is to lower the rate of inflation. Higher interest rates lowers the liquid supply of money which lowers the rate of inflation.
If you want to get technical then your explanation is incorrect. The Fed performs an open market sale of bonds which lowers the supply of money. The Fed controls the supply of money and not the interest rate. The reduced supply of money is the cause of higher interest rates, and not the other way around.
CrazyRus
Ancient Member
posted: Apr. 5, 2005 @ 12:40p
Thanks, OP! Guys, I want to open The Orange Savings and want to confirm with anybody who already got it - there is really no fees whatsoever? That's what it says on their site, but I want to make sure. Thanks for info, feel free to PM me, no need to threadcrap.
CrazyRus said: Thanks, OP! Guys, I want to open The Orange Savings and want to confirm with anybody who already got it - there is really no fees whatsoever? That's what it says on their site, but I want to make sure. Thanks for info, feel free to PM me, no need to threadcrap.
No fees, no minimums...but you might be better off if you go with Emigrant Direct. Same kind of account, only higher APY (3.25% currently).
luckymndog
Member
posted: Apr. 5, 2005 @ 1:02p
Pygmy said: CrazyRus said: Thanks, OP! Guys, I want to open The Orange Savings and want to confirm with anybody who already got it - there is really no fees whatsoever? That's what it says on their site, but I want to make sure. Thanks for info, feel free to PM me, no need to threadcrap.
No fees, no minimums...but you might be better off if you go with Emigrant Direct. Same kind of account, only higher APY (3.25% currently).No sign-up bonus at Emigrant. So, the trade-off is between additional 0.25% at Emigrant vs. $25 bonus at ING.
JellyFishJesus
Senior Member - 1K
posted: Apr. 5, 2005 @ 1:10p
luckymndog said: Pygmy said: CrazyRus said: Thanks, OP! Guys, I want to open The Orange Savings and want to confirm with anybody who already got it - there is really no fees whatsoever? That's what it says on their site, but I want to make sure. Thanks for info, feel free to PM me, no need to threadcrap.
No fees, no minimums...but you might be better off if you go with Emigrant Direct. Same kind of account, only higher APY (3.25% currently).No sign-up bonus at Emigrant. So, the trade-off is between additional 0.25% at Emigrant vs. $25 bonus at ING. currently, you would need to invest $10,000 for 1 year at Emigrant to make the extra $25 that ING gives you for free when you open your account.
Or you could get a referral to VirtualBank and ING ($20 and $25) and then open up an Emigrant account.
Yes I have all 3- Ive been moving my $$ around to the highest account, as Im sure many, many FW's have been doing.
Dan
zhaohuipan
Senior Member
posted: Apr. 5, 2005 @ 1:34p
fyleow said: byamagata said: adiganifatwallet said: If they think that inflation is nothing, they're gonna increase interest rate again...
Incorrect. One of the reasons the Feds increase the interest rate is to lower the rate of inflation. Higher interest rates lowers the liquid supply of money which lowers the rate of inflation.
If you want to get technical then your explanation is incorrect. The Fed performs an open market sale of bonds which lowers the supply of money. The Fed controls the supply of money and not the interest rate. The reduced supply of money is the cause of higher interest rates, and not the other way around.
Higher interest rate (R) ---> people deposit more and hold less cash ----> less money supply . Apparently interest rate do affect money supply and inflation rate.
Cwilliams2k4
Happy Member
posted: Apr. 5, 2005 @ 1:50p
This is great news, it's always good when your money works for you.
porchegooda
Ancient Member
posted: Apr. 5, 2005 @ 1:54p
What's the 1 year CD's interest rate at ING? thanks
dlr3
Senior Member
posted: Apr. 5, 2005 @ 2:00p
Minoritydan said: Or you could get a referral to VirtualBank and ING ($20 and $25) and then open up an Emigrant account.Or you could just get $50 by signing up for ING with TaxCut or Quicken codes.
zhaohuipan
Senior Member
posted: Apr. 5, 2005 @ 2:03p
porchegooda said: What's the 1 year CD's interest rate at ING? thanks
If you have the software, sure. DO whatever gets you the most money.
frogfan
Member
posted: Apr. 5, 2005 @ 2:08p
I just opened ING with a $50 sign up bonus, there is a thread about it - Taxcut Deluxe. Figured with that bump from the start, CapitalOne and Emigrant would have to a significantly higher rate to beat ING for the year in terms of interest. Would need to be over .25% higher on 20k to do that. If the gap increases, I may look at opening with one of them, but with referral bonuses, etc., ING seems likely to hang with any of them.
i closed my ING account two months ago. Can I sign up a new account to get $50 taxcut bonus?
frogfan
Member
posted: Apr. 5, 2005 @ 2:18p
I would think so...it only requires that you have a different primary account holder...therefore, I would think that couples could also open two accounts with each being a primary on an account. Anyone tried this?
Skipping 861 Messages...
Portalogem
Member
posted: Apr. 22, 2009 @ 2:45p
ShakuniMama said: Portalogem said: ING doesn't allow their savings account to be pulled from ..........
I successfully pulled from ING Savings account to GMAC Savings account.
I bite my tongue . I was either mistaken about this or policies have long since changed. I've had ING for a long while now, and a lot has changed over the years, including the APY .
Thank you very much for answering my question, providing me with proof that you can link GMAC to other savings accounts. I just wanted to know that someone successfully did this before I signed up with them.
ShakuniMama said: Portalogem said: So I'm just wondering if anyone had tried to push money to an MMA using ING's ACH system and if it worked? I think (as someone mentioned earlier) if you designate GMAC MMA account as a "Checking Account" at ING website it should work.
I'll try that approach with ING to see if that works first. If not I'll just open up the GMAC savings account and use them to fund the RedNeck MMA (as well as having GMAC replace that Amboy account I just closed due to that new "$5 monthly fee if balance <$100" policy Amboy will soon impose by 5/1). Thanks everyone for helping me with this.
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