Comments on: Laddering CDs at ING Direct http://www.bargaineering.com/articles/laddering-cds-at-ing-direct.html personal finance blog with anecdotes, advice and commentary. Sun, 08 Nov 2009 17:32:34 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Ken http://www.bargaineering.com/articles/laddering-cds-at-ing-direct.html/comment-page-1#comment-230156 Ken Wed, 30 Apr 2008 17:41:09 +0000 http://www.bargaineering.com/articles/?p=2700#comment-230156 Another advantage of a CD over a money market account is that the rate is locked during the term. With money market accounts, the rates can change at any time. This rate lock can be a big advantage when interest rates are falling. However, it can be a liability when rates rise. Another advantage of a CD over a money market account is that the rate is locked during the term. With money market accounts, the rates can change at any time. This rate lock can be a big advantage when interest rates are falling. However, it can be a liability when rates rise.

]]> By: jim http://www.bargaineering.com/articles/laddering-cds-at-ing-direct.html/comment-page-1#comment-229802 jim Tue, 29 Apr 2008 20:38:22 +0000 http://www.bargaineering.com/articles/?p=2700#comment-229802 You would pick CDs that have higher yields than the MMA and CDs are guaranteed returns, whereas index funds are not. You would pick CDs that have higher yields than the MMA and CDs are guaranteed returns, whereas index funds are not.

]]> By: MyMoneyAdventure http://www.bargaineering.com/articles/laddering-cds-at-ing-direct.html/comment-page-1#comment-229796 MyMoneyAdventure Tue, 29 Apr 2008 19:48:28 +0000 http://www.bargaineering.com/articles/?p=2700#comment-229796 I understand the whole concept of CD laddering, just wondering the advantages of putting your money in a CD as opposed to putting your money into a money market (where it is liquid) and an index fund (with a better rate). I understand the whole concept of CD laddering, just wondering the advantages of putting your money in a CD as opposed to putting your money into a money market (where it is liquid) and an index fund (with a better rate).

]]> By: budgets are sexy http://www.bargaineering.com/articles/laddering-cds-at-ing-direct.html/comment-page-1#comment-229780 budgets are sexy Tue, 29 Apr 2008 18:33:20 +0000 http://www.bargaineering.com/articles/?p=2700#comment-229780 Everytime I read one of your posts about ING I get tempted to sign up...I enjoy having all of my accounts under one roof (USAA), but I don't know how much longer I can go! haha... Everytime I read one of your posts about ING I get tempted to sign up…I enjoy having all of my accounts under one roof (USAA), but I don’t know how much longer I can go! haha…

]]> By: Tom http://www.bargaineering.com/articles/laddering-cds-at-ing-direct.html/comment-page-1#comment-229763 Tom Tue, 29 Apr 2008 15:41:47 +0000 http://www.bargaineering.com/articles/?p=2700#comment-229763 Ok thanks! I was browsing bankrate and found that GMAC has CDs going from 3.5% APY for a 3 month to 4.35% for a 5 year (12 month is at 3.9%). Ok thanks!

I was browsing bankrate and found that GMAC has CDs going from 3.5% APY for a 3 month to 4.35% for a 5 year (12 month is at 3.9%).

]]> By: jim http://www.bargaineering.com/articles/laddering-cds-at-ing-direct.html/comment-page-1#comment-229753 jim Tue, 29 Apr 2008 14:15:37 +0000 http://www.bargaineering.com/articles/?p=2700#comment-229753 The only advantage is if you get a CD rate that's higher than what you can get otherwise, so in your case you wouldn't want to put it into an ING Direct ladder but you might want to consider another bank's CDs for a ladder. The only advantage is if you get a CD rate that’s higher than what you can get otherwise, so in your case you wouldn’t want to put it into an ING Direct ladder but you might want to consider another bank’s CDs for a ladder.

]]> By: Tom http://www.bargaineering.com/articles/laddering-cds-at-ing-direct.html/comment-page-1#comment-229750 Tom Tue, 29 Apr 2008 13:39:12 +0000 http://www.bargaineering.com/articles/?p=2700#comment-229750 Looks like ING is responding to what the customers are looking for. Great walkthrough on your other post! One quesiton though, what is the benefit of doing a CD ladder than keeping all of your E-fund in a high interest savings account like <a href="http://www.bargaineering.com/articles/r/wamu.php?tag=cmt" rel="nofollow">WaMu</a> which offers 3.3%? Looks like ING is responding to what the customers are looking for. Great walkthrough on your other post!

One quesiton though, what is the benefit of doing a CD ladder than keeping all of your E-fund in a high interest savings account like WaMu which offers 3.3%?

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