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ING Rates Lowered to 3.1% on March 11th 2008

by The Happy Rock on March 11, 2008

ING cuts their rates again.

Electric Orange Savings rate dropped to 3.10% APY down from 3.40%.  Official ING Savings Account Page

Electric Orange Rates dropped to 2.00% APY and 1.98% Interest Rate down from 2.25% APY.  Official Electric Orange Page

{ 2 comments… read them below or add one }

Ray Merkler March 11, 2008 at 9:25 pm

As is always worth noting, the difference in what you earn will be all of a 3 dollars per year per thousand dollars you have in the account. Don’t sweat it. It’s going to average 3 or 4 percent in the long run, anyway.

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The Happy Rock March 12, 2008 at 10:05 am

@Ray – I agree, that is why I am sticking with ING and not chasing rates anywhere. It just isn’t worth the time and hassle for the little bit of money it will save. Plus I really enjoy banking with ING.

I will say that the rate on the checking account was 4% when I joined, so I am getting half of the interest that I had expected.

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