4.75% ING Direct promotion
ING Direct Winter Save Up Sale will give you 4.75% until April 15th with new deposits (minus withdrawls). If you want to open a new account send me an email regarding ING Direct, I can send you a referral link which will give you a bonus of $25 with a deposit of $250+. (In turn they give me $10, and everyone wins.)
During the promotion, I suspect Emigrant Direct (4.0%) is going to lose a lot of funds. After the ING (normally 3.8%) promotion is over, I predict HSBC (4.25%) will be seeing a lot of new funds. I hope this encourages more internet banking competition.
During the promotion, I suspect Emigrant Direct (4.0%) is going to lose a lot of funds. After the ING (normally 3.8%) promotion is over, I predict HSBC (4.25%) will be seeing a lot of new funds. I hope this encourages more internet banking competition.
posted by Out at the peak at
12:24 AM
4 Comments:
thejdog: Excellent; I love FatWallet too. It sounds like Superior Savings is available to local residence (or no?).
Bankrate is really bad as they do not track the latest and greatest rates. Lagged copy of FW rates:
http://ibankdesign.com/board/index.php?showtopic=1293
I am getting 4.5% on my MMA (treasury indexed + fixed rate, 10K min). I don't even mention this account as it is local only and new accounts are closed off to the public.
The best 3mo promo rate is 5.01% from Everbank (NetChecking), but there is only a bonus if you close the account.
By
Out at the peak, at 9:42 PM
mtnrunner2: Everbank has a 3mo promotion like ING, but it is for their "NetChecking" checking account, not CD. The promotion is shown on the front page, lower right, first quote.
And thejdog said his 4.5% was a MMA and not CD as well.
So ING has some fine print about your funds during the promo? It's not for the account in general?
If you are worried that you might have to rely on FDIC, then it might not be a good choice. I should research the history of FDIC and see how often an institution has become insolvent and FDIC pays up.
By
Out at the peak, at 11:40 PM
thejdog: Thanks.
The foreign CDs are a hedge against the USD. And the foreign rate is a hedge against USD strength. ;-)
Warren Buffet lost a lot of money betting against USD last year, but he's still doing it this year. He knows it's a good bet, but it all depends if the world starts to see that USD is not the world reserve currency anymore.
You should be proud of your domestic fixed income stance. I would not be surprised if in a few years, the people who bought CDs did better than my portfolio. I am taking the risk in hopes I can retire sooner.
My biggest worry is Ben Bernanke is going to make mistakes which cause hyperinflation. Will this cause us to be poor? It would hurt a lot. I wish to see deflation, but Bernanke has already written books about how bad deflation is. So he will avoid deflation at all costs.
By
Out at the peak, at 1:36 PM
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By
Jarman, at 11:11 PM
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