Comments on: ING Direct Winter Save Up Sale

By: Neo

Neo — Fri, 20 Jan 2006 17:56:22 +0000

It appears in response, Emigrant Direct has posted to their web site the details of their new American Dream Credit Card.

http://www.emigrantdirect.com/

Neo

By: Miller

Miller — Fri, 20 Jan 2006 17:12:44 +0000

Also take into account the few days you loose in interest during that transfer! I don’t the exact numbers now, but yesterday I figured out something like you loose 40 cents each transfer (4 days for transfer maybe?) per $1000. So, transferring to and from ING, that’s $0.80 off the $1.73.

Making it a WHOPPING $0.93 per $1000 invested! Excuse my sarcasm. It’s a new try on ING’s behalf, but in the end, it’s a gimick from our perspective…

By: CK

CK — Thu, 19 Jan 2006 21:40:37 +0000

Not sure myself is it worth it but I like ING being competitive, better for us. If you don’t have an ING account the deal is pretty good with the free $25.

By: franky the fsa

franky the fsa — Thu, 19 Jan 2006 20:45:31 +0000

Oops, let me clarify, I was assuming that you’d move from one to the other after the sale period. So I was asking is that extra $1.73 worth it to do so. Sorry for not making myself clear.

By: franky the fsa

franky the fsa — Thu, 19 Jan 2006 20:37:24 +0000

Since the interest period is for 87 days, here is a quick comparison:
$1000 in Emigrant Direct for 87 days @ 4% APY: $1009.39
$1000 in ING Orange Account for 87 days @ 4.75% APY: $1011.12

That’s a difference of $1.73. Is it worth it? Not sure