Savings accounts

[All-American]

By the way, I just got an email from Zions bank regarding the Money Market account. The interest rate has gone up again. 4.75%.

That is all.

[bYuPride]

Originally Posted by All-American

By the way, I just got an email from Zions bank regarding the Money Market account. The interest rate has gone up again. 4.75%.

That is all.

is there a minimum balance requirement to get the 4.75%?

[bYuPride]

Originally Posted by Stick It In Him

I can send you the link if you are interested (ING customers also get a $10 bonus for referring people who open an account with $250 or more).

is it the ingdirect.com?

[Colly Wolly]

Originally Posted by bYuPride

is it the ingdirect.com?

You can set up an account at any time through ingdirect.com. The $25 account opening bonus is only available through a member referral link that is sent to your email account. You click on that link, open the account with atleast $250.00 and you get a $25 account opening bonus. I opened my ing account this way, and then promptly referred my brother. He opened his account, got the $25, and I got ten bucks for referring him. Its great. FYI, the account opening bonus is not available immediately. It sits in your account and earns interest, but you cant take out that portion for a few weeks.

[The_Tick]

Originally Posted by Stick It In Him

You can set up an account at any time through ingdirect.com. The $25 account opening bonus is only available through a member referral link that is sent to your email account. You click on that link, open the account with atleast $250.00 and you get a $25 account opening bonus. I opened my ing account this way, and then promptly referred my brother. He opened his account, got the $25, and I got ten bucks for referring him. Its great. FYI, the account opening bonus is not available immediately. It sits in your account and earns interest, but you cant take out that portion for a few weeks.

How do you get access to the money? Do they give you an ATM card?

I have some cash that I wouldn't mind moving around...

[livecoug]

I can help you with that, Tick

[Colly Wolly]

Originally Posted by The_Tick

How do you get access to the money? Do they give you an ATM card?

I have some cash that I wouldn't mind moving around...

The ING account is linked electronically to your checking account at your credit union or bank. When opening and ING account, you have to have your checkbook so you can supply your routing number. You tell ING how much you want to open your account with, and ING will with draw that money from your checking account and put in ING. In your regular bank, it looks like a check payment/regular deduction out of your checking account. Withdrawing money from ING is the opposite. ING uses the same method to put the money back into your checking account.

Be advised that moving money back and forth is not instantaneous. It takes 2 business days for money to get into your account, and then 2 business days for you to take money out of your account. So it isnt quite as liquid as a regular savings account. But, the 4.15% is great, and I am only putting money in there that I can afford to do without, so the latency has not been a problem for me.

Oh yeah, no ATM cards.

[The_Tick]

So if I understand interest correctly....

If I deposit 1000....

I make about 41.50 a month on that 1K?

[Colly Wolly]

Originally Posted by The_Tick

So if I understand interest correctly....

If I deposit 1000....

I make about 41.50 a month on that 1K?

Ha, I wish. The 4.15% is an Annual Percentage Yield. You would make 41.50 in a year with a G in an ING account.

Interest is deposited at the end of each month into your account. Your total interest dividends for a year would equal 41.50.

[Mormon Red Death]

Originally Posted by Stick It In Him

Ha, I wish. The 4.15% is an Annual Percentage Yield. You would make 41.50 in a year with a G in an ING account.

Interest is deposited at the end of each month into your account. Your total interest dividends for a year would equal 41.50.

Actually you would get $42.30 (compounding interest)