Apparently, ING Direct feels its latest offering of 2.60% APY in money market account is not competitive enough. Today, ING Direct raised the yield to 2.80% in a bid to attract more, or at least sustain its current customer base.
Since the start of 2005, we have been witnessing rate increase in the saving account/money market account space every week. Just for this month, PFBlog has reported
ING Direct's first raise to 2.60% on March 2, and EmigrantDirect's attack with 3.25% APY on March 13. The arena is more crowded with at least four banks offering 3.00% APY or more on saving account products: EmigrantDirect, Capital One, National Interbank INC and First Horizon.
If Fed, as expected, raises the Fed rate again later this week, will we consumers continue to see sweet surprises like this moving forward?
EmigrantDirect Savings Account Now Yields 3.25% (March 13, 2005)
It's now official: EmigrantDirect, the relatively new comer that stirred the online money market account arena in the last several months, raised the APY of its flagship American Dream Savings Account to 3.25%. I have most of my emergency fund parking at EmigrantDirect since early ...
What's Your Life Expectancy? (March 05, 2005)
My dentist and I recently had an interesting conversation. He mentioned to me that dental recommendations can often depend on the age of the patent. For people having the same dental problems, he may recommend minor conservative procedures for one in his 60s, but at ...
Virtual Bank has also raised rates to 2.80 (2.75 10k+)
EmigrantDirect Savings Account Now Yields 3.25%
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