Want a higher interest rate than your current savings account?
May 31st, 2008 by George
I don’t pretend to be a financial wizard, but when I was looking for a new savings account with a higher interest rate than my current brick and mortar bank was giving me, I found adding an ING Direct Orange Savings account was the move for me. Their rate was ten times what I was getting when I signed up and as of the time of this writing their Orange Savings account offers a variable 3.00% Annual Percentage Yield (effective 03/19/08).
Maybe ING Direct is for you.
NOTE: A variable interest rate isn’t for everyone, so if you’re not sure how it works do some homework. A good start may be googling variable interest rate and doing some reading.
DISCLAIMER: As with everything on this blog I’m just talking about what works for me and I don’t make any guarantees. Heck, I love ING for savings but I’m not getting paid to advertise for them. I believe opening a savings account with ING is a good decision, but you should do your own research on the subject and make your own decision as it fits your lifestyle and financial circumstances.
Category: Finance | 2 Comments »
