March 22, 2005 10:05 AM PST
ING Direct now offers a 2.8% APY on their savings accounts, up 20 basis points. This rate is still well below the one offered by Emigrant Direct for that bank's no fee, no minimum balance savings account. You may want to consider ING Direct's certificates of deposit if you don't mind not touching your money for at least a year. Their new rates on CDs are 3.4, 3.9, 4.1, 4.2, and 4.3 percent for each maturity length of one through five years.
Update: ING Direct isn't the only entity raising rates. VirtualBank matches ING's newest offering and the Federal Reserve raised its rates to 2.75 percent.
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Paperless Checking at ING Direct (April 22, 2005)
I just visited my account online at ING Direct and was presented with a survey. They are considering rolling out a new product: Paperless Checking (or "Electric Orange"). Read
Emigrant Direct Account Opening (March 23, 2005)
As you may know, I am in the process of opening a savings account with Emigrant Direct, an on-line bank currently offering an interest rate yielding 3.25 percent. Read
Emigrant Direct Saga and Found Cash (March 15, 2005)
My Wachovia checking account received the two small verification deposits from Emigrant Direct, which was the next step in opening my account with that bank. Read
Trying Out Emigrant Direct (March 12, 2005)
It's been about three months since Emigrant Direct started offering a 3.0% interest yield on their savings account, beating out ING Direct for the favored spot in the minds of many. I've held out with ING for these three months and witnessed my favorite raise ... Read
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