ING Direct online has an interest of 4.40% for a savings account and I think thats outstanding! Do you folks know of any place else who has that kind of return on your money through a savings or pretty close to that kind of return? I only want some suggestions. Thanks
2006-10-24 02:13:04 · 4 answers · asked by kornsap 2 in Business & Finance ➔ Personal Finance
Try www.gmac.com, or www.countrywidebank.com. Don't shop around for a fraction of an increase unless you have few 100s to invest. Stick with ING.
2006-10-24 04:07:02 · answer #1 · answered by Anonymous · 0⤊ 0⤋
4.4% is a very good rate for a simple federally guaranteed savings account. It is not, hiwever, a very good investment vehicle. The 4.4% interest is subjected to both state and federal taxes, which means for an aver investor, the actual net return is 3.08%, which is just at the inflation rate. That means you are actually "parking" your funds, with no appreciation.
You would be much better with a blue chip stock with a good dividend. a 4.4% dividend is 80% tax free.
2006-10-24 09:19:22 · answer #2 · answered by Anonymous · 0⤊ 0⤋
what I did was to put half into a savings account and the other half in the stock market. the other thing you might want to invest in is your own development and the prospects of getting a better-paid job.
2006-10-24 09:28:05 · answer #3 · answered by XT rider 7 · 0⤊ 0⤋
i know of one
emigrantdirect.com- personal savings is 5.15%
check it out
also heard capitalone savings has a high interest savings account but I use emigrant direct and it has worked great for me so far.
2006-10-24 09:41:03 · answer #4 · answered by Anonymous · 0⤊ 0⤋