I love ING direct, but I just noticed that the APR went down to 4.3, and HSBC is offering 5.05%....worth it to switch over for the extra interest? I love ING direct's service and knowing that it only takes like 2 days to get money when I need it...but I'm poor and trying to earn as much as I can, so does anyone have any advice? :)
2007-09-20 10:41:21 · 5 answers · asked by Ella 3 in Business & Finance ➔ Personal Finance
I don't think it's worth the hassle of switching. The HSBC rate isn't guaranteed, meaning it could drop right after you switch. Also, the difference is not that much in actual dollars. If you have $10,000 in savings, the difference in an APY of 5.05% vs. 4.30% is only $75 per year or $6.25 per month. And that amount is taxable, so the net difference is even less.
2007-09-20 11:37:11 · answer #1 · answered by Kathryn 6 · 0⤊ 0⤋
I switched to HSBC from ING. I liked ING as well but it was a hassle to get money out. HSBC has banks located everywhere and it does make a difference the .05%!!!
2007-09-20 10:47:05 · answer #2 · answered by Double AA 1 · 0⤊ 0⤋
HSBC will probably drop a bit also in the near future.
I have an account at each one.
Personally, I like the INGDirect one better. It is easier to use and you don't have to memorize a 87 digit to log in. OK...the 87 digits is a bit of an overstatement but HSBCs log in is just tedious.
If a gun were held to my head and I only got to keep one......I would keep the ING Direct account.
2007-09-20 10:49:04 · answer #3 · answered by Wayne Z 7 · 2⤊ 0⤋
I even have ING direct and that i like it! that's rather common to open up money owed with them and the interest fee is 4.5%, it is going up each and all the time. that's rather common to flow funds between your checking and ING. i've got by no skill seen any blunders the two. you may additionally set up automated transfering into decrease fee expenditures. they simply comprehend all started a checking account with an ATM card. i don't use that in spite of the fact that it appears that evidently fairly common to apply as properly.
2016-12-17 06:18:53 · answer #4 · answered by ? 4 · 0⤊ 0⤋
omg, ing did lower the rate. they never emailed me on that. Im gonna yell at them.
never used HSBC.... they do pay 5.05% but for how long?
my guess is that rate won't stay for long either. Im keeping ING.
2007-09-20 10:47:05 · answer #5 · answered by Anonymous · 0⤊ 0⤋