ING Direct has raised the interest rate offered on its savings account 25 basis points from an annual yield of 3.5% to 3.75%. Unfortunately, that’s still not enough to overcome Emigrant Direct, Presidental Bank, or a few others.
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ING Direct is more polished than Emigrant Direct, but for what I use Emigrant Direct for (once-monthly automatic savings transfer), it’s perfect, if a bit slow to get set up in the first place. I also love the 4.0% interest rate.
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