Comments on: ING Direct Lowers Interest Rates Following Fed http://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Thu, 18 Mar 2010 20:33:56 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Noellehttp://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-137179 Noelle Mon, 18 Feb 2008 16:39:40 +0000 http://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-137179 I am seriously thinking of switching from ING as well because this cut is killing me. 99% of banks are FDIC insured so I'm not that worried about losing my money-this isn't 1950 man. Thanks for the earlier tips I'm going to look them up. I am seriously thinking of switching from ING as well because this cut is killing me. 99% of banks are FDIC insured so I’m not that worried about losing my money-this isn’t 1950 man. Thanks for the earlier tips I’m going to look them up.

]]> By: 123http://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-132887 123 Wed, 16 Jan 2008 13:32:45 +0000 http://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-132887 Kel-Kel, do you work for ING? If not, they should pay you. That sounded like a commercial. I also don't understand why you didn't caveat your fear-of-lost-money campaign by at least noting the fact that most, if not all, ING competitors are FDIC insured? Kel-Kel, do you work for ING? If not, they should pay you. That sounded like a commercial. I also don’t understand why you didn’t caveat your fear-of-lost-money campaign by at least noting the fact that most, if not all, ING competitors are FDIC insured?

]]> By: Kel-Kelhttp://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-122329 Kel-Kel Fri, 09 Nov 2007 15:09:23 +0000 http://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-122329 Everyone is always up for a better rate but you have to realize that NetBank had one of the highest rates and they went bankrupt! Although, ING DIRECT doesn’t necessarily have the best rates I know my money is secure there because they have a better system! Remember the late 90’s early 2000’s and the big .com crash? The same thing is going to happen to these other banks! Instead of complaining how low rates are why don’t you research the company before investing your life savings? I’m not going argue because I do know that HSBC as well as Emigrant are pretty good banks but Emigrant doesn’t offer phone services and their website sucks more than ING DIRECT and HSBC although they claim to have no fees they Nickel and Dime you any chance they get. I don’t know about you people but I am happy with the largest online bank in the country! Everyone is always up for a better rate but you have to realize that NetBank had one of the highest rates and they went bankrupt! Although, ING DIRECT doesn’t necessarily have the best rates I know my money is secure there because they have a better system! Remember the late 90’s early 2000’s and the big .com crash? The same thing is going to happen to these other banks! Instead of complaining how low rates are why don’t you research the company before investing your life savings? I’m not going argue because I do know that HSBC as well as Emigrant are pretty good banks but Emigrant doesn’t offer phone services and their website sucks more than ING DIRECT and HSBC although they claim to have no fees they Nickel and Dime you any chance they get. I don’t know about you people but I am happy with the largest online bank in the country!

]]> By: thomashttp://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-122076 thomas Mon, 05 Nov 2007 07:56:59 +0000 http://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-122076 I dropped ING during the last interest rate cut. I'm at HSBC which is higher, but that's about to change.WaMu has 5% online savings account when you link it to a free checking account. both are $1 to open.They also offer free basic checks and there are no fees (YMMV). I dropped ING during the last interest rate cut. I’m at HSBC which is higher, but that’s about to change.

WaMu has 5% online savings account when you link it to a free checking account. both are $1 to open.

They also offer free basic checks and there are no fees (YMMV).

]]> By: Laurahttp://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-121953 Laura Fri, 02 Nov 2007 18:05:35 +0000 http://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-121953 Other banks are joining in lowering their rates, so I'll stay put. It wouldn't make too much of a difference anyways. I like ING's service and we hadn't had any problems. Other banks are joining in lowering their rates, so I’ll stay put. It wouldn’t make too much of a difference anyways. I like ING’s service and we hadn’t had any problems.

]]> By: Colinhttp://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-121945 Colin Fri, 02 Nov 2007 15:53:57 +0000 http://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-121945 People seem to forget that interest rates going down also negatively affect consumers. I think most look at the positive, such as prime rate going down and lowering home equity loans along the way.If anything, an interest rate drop is a guarantee that the savings rate will decline, but mortgage and credit cards rate aren't guaranteed to fall. People seem to forget that interest rates going down also negatively affect consumers. I think most look at the positive, such as prime rate going down and lowering home equity loans along the way.

If anything, an interest rate drop is a guarantee that the savings rate will decline, but mortgage and credit cards rate aren’t guaranteed to fall.

]]> By: Russ Ahttp://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-121884 Russ A Thu, 01 Nov 2007 18:42:27 +0000 http://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-121884 I've had ING for years and have always pondered switching to one of the higher interest banks - but unless you have serious cash in there, half a point, doesn't make much of a difference. Unless one of the others offers a sign-up bonus.... I’ve had ING for years and have always pondered switching to one of the higher interest banks – but unless you have serious cash in there, half a point, doesn’t make much of a difference. Unless one of the others offers a sign-up bonus….

]]> By: Fed Drops the Interest Rate another .25% Now What? « PF Under 30http://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-121877 Fed Drops the Interest Rate another .25% Now What? « PF Under 30 Thu, 01 Nov 2007 15:06:29 +0000 http://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-121877 [...] ING drops its savings rate if not the day of, the day after. I assume mortgage refinances are .25% cheaper, but as for my accounts - no love! [...] [...] ING drops its savings rate if not the day of, the day after. I assume mortgage refinances are .25% cheaper, but as for my accounts – no love! [...]

]]> By: Timhttp://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-121867 Tim Thu, 01 Nov 2007 13:06:55 +0000 http://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-121867 yup, and ING seems to be the last to increase rates, too; however, people will still rationalize sticking with them. I'll stick with Igobanking at 5.17%. Figure that they will stay at or above 5% even after they adjust. yup, and ING seems to be the last to increase rates, too; however, people will still rationalize sticking with them. I’ll stick with Igobanking at 5.17%. Figure that they will stay at or above 5% even after they adjust.

]]> By: SingleGuyMoneyhttp://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-121864 SingleGuyMoney Thu, 01 Nov 2007 12:29:11 +0000 http://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-121864 ING always seems to be the first to pull the trigger and lower rates. ING always seems to be the first to pull the trigger and lower rates.

]]> By: Prosper.com: I’m definitely NOT sold on this site : Average Joe Moneyhttp://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-121855 Prosper.com: I’m definitely NOT sold on this site : Average Joe Money Thu, 01 Nov 2007 06:17:24 +0000 http://www.consumerismcommentary.com/2007/10/31/ing-direct-lowers-interest-rates-following-fed/#comment-121855 [...] spoken previously about my quest for the best online savings account. Despite ING Direct lowering their rate to 4.20% APY, I’m still having a hard time forcing myself to switch to a higher rate competitor due to the [...] [...] spoken previously about my quest for the best online savings account. Despite ING Direct lowering their rate to 4.20% APY, I’m still having a hard time forcing myself to switch to a higher rate competitor due to the [...]

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