Higher savings rate with ING
ING just announced 4.75% interest on regular savings on all new deposits and accounts until April 15th. After that it drops to 3.75%, unless of course the fed raises the interest rates and then it’ll be higher.
While a 1% increase doesn’t sound like a lot, it does represent a 27% increment over the previous interest rate. The lower the interest rate, the large % increase it represents. And the lower interest you get on your money, the more you should look to make it work harder.
Of course there are a lot of ways to make more than a measley 4.75% on your money. 2nd trust deeds usually yield 10-15%. Developers and Builders often borrow money for their projects that yield 12-40%. Of course, higher the yield, higher risk.
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February 7th, 2006 at 7:28 pm
HSBC is offering 4.8% untill the end of april. Nina (San Jose)
February 14th, 2006 at 5:25 am
Hey Empty Spaces,
Thanks for leaving a comment on my blog.
February 15th, 2006 at 8:59 am
I’m with HSBC right now. Their 4.80% temp rate lured me in. I’ll have to evaluate where i’m going to stick my money after that rate lapses.