• Date Started: Jan 11, 2008
• Entries: 15
• Comments: 61
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I (don't) heart ING

7 Responses to “I (don't) heart ING”

1. dardhel Says:
   January 25th, 2008 at 04:29 pm
   Most money market accounts will be adjusting their interest rate down in the near future.

2. Amber Says:
   January 25th, 2008 at 06:00 pm
   I have the bulk of my money there and I am feeling the pain

3. baselle Says:
   January 25th, 2008 at 08:46 pm
   All banks are going to do it, because their interest rate is dependent on the Federal Reserve overnight rate (3.5% and probably will drop Tuesday) and the T-bill rate (about 3%). Sucks, but I'm even more leery of a bank offering a freakishly high rate because it implies that the bank has to suck in more money to cover writeoffs and debt.

4. MariRDH Says:
   January 26th, 2008 at 10:13 am
   Yea, the fed lowered the prime rate 0.75% which is a HUGE one-time drop. Ask me why I don't expect my CC to drop their rates anytime soon, though? Grrrr.

5. Aleta Says:
   January 26th, 2008 at 12:46 pm
   I personally think that by the fed dropping the rate by 75 did more to scare people than anything.

6. M E Says:
   January 26th, 2008 at 05:42 pm
   
   Considering the fact that the Fed dropped the prime rate by .75% and your interest rate only dropped .45% . . . . . . What did you think would happen??

7. Amber Says:
   January 26th, 2008 at 08:58 pm
   I just heard that we should brace ourselves because next week the rates may drop again

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