i just opened account at ED and asked them to link to ING.. once it opens.. everything except a cent flows to ED..

joedaddy123 said:dkriegel said:I just wrote ING Direct a long email explaining my loyalty to the bank in the past, but how I can no longer standby with Emigrant Direct outperforming them by so much ratewise

I'll let you know what i get back

they couldn't careless

Exactly. If they were losing customers left and right maybe they would be doing something but I'm sure they monitor that very closely and have found 3.4% is okay for now.

I suspect ED has to be more aggressive to get funds right now, especially if they are going to launch the credit card by end of year and even state that you need an ED account to get the offer.

What is ING Direct's Routing #? I would like to transfer money from another online account to ING Direct. Does it have to be one of the approved linked banks?

Also does anyone know how to transfer money from a business paypal account to a personal paypal account if you can do that?

alphnasx said:glad i moved my $$ to emigrantdirect. ING is a JOKE?

Hint: ING's management has a responsibility to maximize return on sharholder funds NOT depositor funds.

There is a $10 offer to join ED. But it is a link to a blog site, and the person who runs it get's $20 and is giving $10 to people who join. Let me know if it is within FW rules to post this. I am in no way connected to the site, person running it, etc. Just can't pass up a 10 spot.
Again let me know if this is "okay" to post and I will.
Thanks~

Edit:
Sorry looks like the info. has been posed elsewhere- I still think $10 vs. $0 is a better deal~ Even if he does get $10 as well. Anyway- Have a good week everyone!

dkriegel said:I just wrote ING Direct a long email explaining my loyalty to the bank in the past, but how I can no longer standby with Emigrant Direct outperforming them by so much ratewise

I'll let you know what i get back

you wrote a long email?

haha. They'll just laugh at you. The person will read the first few lines, then tell his coworkers: "look at this stupid guy. He thinks we care......"

Then he'll just reply to your email with a pre-written canned answer that they use for all emails with the same subject matter.

ING is no longer an industry leader in high rate savings. There are many opions out there with higher yields, promotional or otherwise.

ING probably figures they don't need us rate chasers anymore. Most people have no clue what the highest savings rate is. They'll see ING's professional looking site, maybe have some name recognition of it, and stay with that. Someone who doesn't do their homework would look at Emigrant's site and think it was some fly-by-night scam. Heck, when I first looked at it, it looked so quickly made, I made sure to look up Emigrant Bank on the BBB, call them up and make sure this was a real site (hadn't discovered Fatwallet at that point). If Emigrant would spend a few thousand on its interface, I bet they could draw a lot more customers in. Whatever the case, I'm sticking with the highest rate, which is Emigrant.

ilusha said:well, enough is enough, 4.00% is the magic # for me, my cash is outta there.

me too. I just opened ED account. can't ignore 3.4 vs 4.0.

ING is in trouble. While ING has more accounts and still probably generates many new accounts based on name recognition, the AVERAGE $ in each account must be dropping dramatically. While they might brag to analysts about their growth , the likely truth is people are putting less money in their accounts so eventually they will have to be competitive or their costs will balloon and their business model will fail. By definition an online bank's customers will have web access and they do not need to be geniuses to see they are not the highest rate and will move money elsewhere. I do not expect them to be the highest rate if they have other great services but there best trait is a well designed website and eventually the other competitors will be at thier level.