May 01, 2006 16:36
Just checked my ING account and discovered that I've earned almost $127.36 in interest so far this year... approximately $1.17 per day during April! They also just raised the interest rate on the account effective May 1st, 2006 too!
Interest Rate Change from 3.929% to 4.073% (current annual rate of 4.15%)
Gotta love that, it's the third time they've raised the earned interest rate since I opened the account back in December 2005 and it started at 3.75%. Why would anyone want to keep a stupid standard savings account??? My current one at WaMu only earns 0.40% and my monthly interest earned on that account registers in increments of a few cents per month! (Interest Paid YTD: $0.44)
If I didn't achieve some benefit from having overdraft protection at the same bank as my checking account, I'd be tempted to get rid of that account completely!
ing,
interest,
savings