Emigrant Direct savings now 5.05% APY

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snowdogg187

Golden Member
Nov 1, 2000
1,400
0
76
Originally posted by: paulney
Emailed ING asking if they are planning to bump up the rate, and got a canned response back.
Well, looks like it's goodbye ING and hello ED.

I emailed them asking as well. Got about the same canned response.
Here I come ED, Sent in the forms about 8 business days ago and waiting for them to open it so I can move some cash.

ING DIRECT does not base rates on one competitor, we base them on overall market conditions as
well as on our competition.

Even though another bank may currently offer a higher rate, we feel that we offer the better
deal for several key reasons.

ING DIRECT has consistently paid one of the nation's highest yield with no fees and no minimums
for more than 4 years. We have a low cost business model that allows us to continue to offer
these high rates over the long term.

ING DIRECT's privacy policy exceeds government standards. We have an opt-in policy, which means
that we do not share private Customer information with affiliates and other third parties
without express permission from our Customers. Other banks may share this type of Customer
information automatically, unless the Customer tells them not to.

ING DIRECT has Sales Associates who are thoroughly trained on all of ING DIRECT's products
answering the phone. Our Customers can always speak to a "person". ING DIRECT Sales Associates
strive to answer the phone in 20 seconds or less to provide an excellent Customer experience.

If you are simply looking for a higher rate, keep in mind that we also offer CDs which earn as
high as 4.80% APY depending on the term that you select.

If you have any more questions, give us a call 1-800-ING-DIRECT.

Thanks for your interest in ING DIRECT,
Brian

**Keep in mind ING DIRECT also offers competitive loan products including the Orange Mortgage
and Orange Home Equity Line. For more info, visit
http://home.ingdirect.com/products/products.html.

 

Sparke

Senior member
Oct 27, 2002
400
0
71
Originally posted by: dayg
thanks but no thanks for the fugly cap. Guess I'll just open an account now and start taking out most of my money from ING. Also gonna open an account with netbank. Netbank has 4.45% CD for 1 year and free ipod. In on that.

That's a warm deal if you don't mind having a hard credit check (according to users on FW). I'd do it, but my credit's already low as it is.
 

icecreamman11

Member
Apr 22, 2003
63
0
0
Originally posted by: dayg
thanks but no thanks for the fugly cap. Guess I'll just open an account now and start taking out most of my money from ING. Also gonna open an account with netbank. Netbank has 4.45% CD for 1 year and free ipod. In on that.

Where did you find free iPOD deal?
 

imported_KuJaX

Platinum Member
May 29, 2004
2,428
0
0
Originally posted by: icecreamman11
Originally posted by: dayg
thanks but no thanks for the fugly cap. Guess I'll just open an account now and start taking out most of my money from ING. Also gonna open an account with netbank. Netbank has 4.45% CD for 1 year and free ipod. In on that.

Where did you find free iPOD deal?


Yeah I wouldn't mind stuff'n away a little bit of money for interest and get a $200 ipod that i'll just turn around and sell.

What is keeping people from taking advantage of the HSBC offer of $35 with a 3.75 APY while only putting in say $2?
 

ECartman

Senior member
Nov 16, 2002
756
0
0
Originally posted by: KuJaX
...
What is keeping people from taking advantage of the HSBC offer of $35 with a 3.75 APY while only putting in say $2?

Easy money I thought...but it took over 1 1/2 months to get the account setup. HSBC sends no less than 5 separate letters, an ATM card, and a PIN....you gotta wait for all that to come by mail over a few weeks before you can even use the account. But the $35 was credited quickly ...before I even had the ability to move any money out.

Made my Emigrant Direct signup look easy.
 

JBT

Lifer
Nov 28, 2001
12,095
1
81
Originally posted by: KuJaX
Originally posted by: icecreamman11
Originally posted by: dayg
thanks but no thanks for the fugly cap. Guess I'll just open an account now and start taking out most of my money from ING. Also gonna open an account with netbank. Netbank has 4.45% CD for 1 year and free ipod. In on that.

Where did you find free iPOD deal?


Yeah I wouldn't mind stuff'n away a little bit of money for interest and get a $200 ipod that i'll just turn around and sell.

What is keeping people from taking advantage of the HSBC offer of $35 with a 3.75 APY while only putting in say $2?


BTW it is only a 512MB IPod shuffle so good luck with the $200 hehe
 

Sparke

Senior member
Oct 27, 2002
400
0
71
The Fed raised interest rates today. I hope that means our savings rates will go up again too. That would make my day.
 

ironxman99

Golden Member
Sep 15, 2000
1,667
0
0
Originally posted by: Sparke
The Fed raised interest rates today. I hope that means our savings rates will go up again too. That would make my day.

same here. and while i've heard others complain about the hat, i actually think its pretty nice.

 

snowdogg187

Golden Member
Nov 1, 2000
1,400
0
76
I hope ing does too but too late now as I will be pulling most of my cash to emigrant as soon as I can transfer the funds.

How long does emigrant take to allow you to transfer? My account is setup already.
 

ECartman

Senior member
Nov 16, 2002
756
0
0
HSBC also now up to 4%. They had a $35 signing bonus last week, dead now I think. Takes em FOREVER to get your account up and running, and you have no less than 3 passwords, two account numbers, and a user ID to do anything with your account. ING definitely has slickest interface...but poorest APY.
 

Sparke

Senior member
Oct 27, 2002
400
0
71
It's the day before Thanksgiving, Emigrant's target for getting the new credit card in peoples' hands. We were promised new information on the credit card weeks ago and have gotten none. I personally have sent *two* e-mails asking for information and received no response whatsoever. I'm disappointed with this level of customer service. If this is the same type of service I will receive when I get their credit card, perhaps a high cash back reward won't be worth it.
 

matrix5646

Member
Mar 26, 2005
55
0
0
I have been wondering why it's been taking awhile too. I'm hoping it's worth the wait. Gotta be better then my 1% at least.
 

Shyatic

Platinum Member
Apr 5, 2004
2,164
34
91
I like ING because I need an easy way to invest in a good mutual fund, and ING makes that cake. In addition to the interest I'm getting on my money, I can move some of it into a mutual fund (i have a moderate one) for even better returns.
 

ECartman

Senior member
Nov 16, 2002
756
0
0
tks for info on the new cash back card. like you say in the OP ya need $10K daily avg in savings to get the 1.25% .... dip below that in your ED savings acct and you only get .5% rebate.

I already have a Pentagon Federal Credit Union VISA that returns 1.25% cash on everything with no small print. and of course the Citi and Chase cards for 5% back on gas and groceries.
 

Sparke

Senior member
Oct 27, 2002
400
0
71
Yes, I am also highly disappointed with this. Most people don't keep an average of 10k in a liquid account long-term. I was hoping for 3+% cash back and a much lower average balance requirement.
 

toant103

Lifer
Jul 21, 2001
10,514
1
0
paypal has 4.30 return in their money market acct and 1.5% cash back. But it's not FDIC insured and most ppl hate paypal.
 
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