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Update: ING Direct’s Saving Rate Drops?

by Flexo on October 27, 2005

in Saving

When I chcked my accounts late last night, it appeared that ING Direct had lowered the interest rate offered on its online savings account to 3.0% (APY). I’m not sure what’s going on, but every page on ING Direct’s website, including the Fash animation, had the lower rate quoted, and this is after previously looking at the account earlier during the day and seeing the 3.4% rate listed.

I know that ING Direct uses several different web servers and they’re not always completely synchronized, but it seemed as if the rate had been lowered to 3.0%. If you chase rates, I strongly suggest Emigrant Direct or any of the other banks on this list.

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Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.

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  • Cap
    what the?

    still shows 3.4% on my account and the site.

    still, I'm getting ready to move the money anyway.
  • Well... early this morning the entire site listed 3.0%. I thought it was strange, as I checked it earlier yesterday and it showed 3.4%. Perhaps it was just an error on ING Direct's website, but it seems odd that the rate would have been changed to 3.0% in all locations.
  • Ken
    That is very strange. Perhaps they were intending to change the rate to 4.0% and accidentally changed it to 3.0% instead? (wishful thinking here) But I had anticipated ING raising the savings rate by at least 0.10% sometime soon. Perhaps this is an indication that they're getting ready for another change.
  • Showing 3.4% for me.
  • NS
    Showed 3.0% for me too yesterday nite. But today it reverted back to 3.4%. So, may be some technical problem with their website i guess.
  • I checked the public web site and it still says 3.4 percent.
  • Ravi
    Hi flexo,

    The rate is 3.4 % today. I'm a little astonished as to why this error occurred when ING boasts of a good website. Anyhow i just hv a few dollars in my ING account
  • It appears that the 3.0% listing on their site was just a SNAFU.
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