ING Direct raised its interest rate for its savings account today to 3.4% APY. It’s a very weak move in response to Emigrant Direct upping its savings interest yield from 3.5% to 4.0%. I expect the other online banks will also raise their rates.
By the way, you can always find a collection of the highest-paying savings accounts here. I try to keep it as up-to-date as possible.
Updated February 6, 2012 and originally published September 23, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.