ING account

[barebucta]

Here guys open up an ING account, and get money for frags with the interest you gain. https://secure.ingdirect.com/myaccount/StaticContent.html?start=https://home.ingdirect.com/open/open.asp?nf=false

 

[inkblue]

wHy ING... do you woRk for tHem :scratch:

 

[charile1]

HSBC and emigrant direct has a higher rate.

 

[barebucta]

wHy ING... do you woRk for tHem :scratch:

Nahh, just spreading the info. My mom told me about it.

 

[barebucta]

HSBC and emigrant direct has a higher rate.

You sure about that? I have HBSC, but never changed my account from "student checking/saving". But I will look into. I think ING had a 4 (and some change) % interest rate and 5.25% on a 1 year CD.

If you're not a risk taker (i.e. stocks/some mutual funds) then it's a good thing. Personally I like to put a little in both worlds.

 

[herman]

there are a thousand and one better ways to make money than to collect interest with a bank!!! :Up_to_som

 

[barebucta]

What you said is true Herman, but instead of keeping whatever "on hand" money in the bank and earn close to nothing in interest, i'd rather put it in ING and earn a higher interest rate on "on hand" money. Right/wrong?

 

[TimberTDI]

Just a note,

I looked into this about a year ago. If you read the fine print it says that it may take 3-4 days to transfer money back into your financial institution on a withdrawal.
This was my main reason in not opening the account. You never know when you are going to get in a jam and need the money ASAP.

I currently have all my banking at Citibank. They just started a program called e-savings. It's paying 4.5%. All you need to have is a checking account with them.

 

[herman]

What you said is true Herman, but instead of keeping whatever "on hand" money in the bank and earn close to nothing in interest, i'd rather put it in ING and earn a higher interest rate on "on hand" money. Right/wrong?

Does anyone in this hobby have any "on hand" money?? :bigeyes2: Off to the FS forum

 

[nycitaliano9]

Just a note,

I looked into this about a year ago. If you read the fine print it says that it may take 3-4 days to transfer money back into your financial institution on a withdrawal.
This was my main reason in not opening the account. You never know when you are going to get in a jam and need the money ASAP.

I currently have all my banking at Citibank. They just started a program called e-savings. It's paying 4.5%. All you need to have is a checking account with them.

4.5% is nothing you got to get 12% or higher only 2 ways Stocks or Mutual funds If your poor like me go with mutual fund alot safer.

Einstein once said, "If people understood the Rule of 72, they would never put their money in banks!?
http://www.investingpage.com/einsteins-rule-of-72.html
MUST READ Changed my life 4yrs ago.

 

[TimberTDI]

Like Barbucta said,

whatever "on hand" money in the bank and earn close to nothing in interest

.

 

[barebucta]

Einstein once said, "If people understood the Rule of 72, they would never put their money in banks!?
http://www.investingpage.com/einsteins-rule-of-72.html

Nice link. What he said makes sense.

 

[nycitaliano9]

Thanks . They should teach this in public school and not stuff that we are never going to use we use money everyday but they never teach use how to use it.