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Janice
Don't call it a comeback
Member since 6/01 3270 total posts
Wedding Date:
6/1/2002 12:00 AM
Wed. Location:
Staten Island
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Re: ING direct savings account
Posted by LisaW
Posted by tp329
I DO. The most you can make is 250 bucks. 
OK, so banking is not my forte...,
If I open an acct with $ 10,000 and 3% interest accrues monthly (if I have this right), I would make $300 a month in interest, but I would only get $250 b/c that is the max?
Do I have this right or am I totally off base here?
it is much less than 300 a month if you put in 10000
Message edited 4/12/2005 2:40:55 PM.
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Posted 4/12/05 2:39 PM 
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LisaW
How many times?!
Member since 4/01 1842 total posts
Wedding Date:
11/19/2000 4:00 PM
Wed. Location:
Oheka Castle
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Re: ING direct savings account
Duh, I just realized that it must be compounded yearly but paid monthly so its like $21 a month, right?
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Posted 4/12/05 2:40 PM
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Janice
Don't call it a comeback
Member since 6/01 3270 total posts
Wedding Date:
6/1/2002 12:00 AM
Wed. Location:
Staten Island
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Re: ING direct savings account
Posted by LisaW
Duh, I just realized that it must be compounded yearly but paid monthly so its like $21 a month, right?
exactly I should have answered monkeyluv's question more directly, sorry
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Posted 4/12/05 2:41 PM
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LisaW
How many times?!
Member since 4/01 1842 total posts
Wedding Date:
11/19/2000 4:00 PM
Wed. Location:
Oheka Castle
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Re: ING direct savings account
LOL, no problem, I knew it sounded too good to be true!!! 
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Posted 4/12/05 2:42 PM
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goingtobemrs
"I'm Addicted"
Member since 5/04 1603 total posts
Wedding Date:
5/6/2005 2:30 PM
Wed. Location:
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Re: ING direct savings account
Posted by tp329
Posted by LisaW
Posted by tp329
I DO. The most you can make is 250 bucks.
OK, so banking is not my forte...,
If I open an acct with $ 10,000 and 3% interest accrues monthly (if I have this right), I would make $300 a month in interest, but I would only get $250 b/c that is the max?
Do I have this right or am I totally off base here?
No, what I meant is if you open an account, and say I refer you, ING because of that, will deposit $25 into your account. And because I referred you, I get $10 in my account. So...if you refer people after your account is open, you get $10 in your account for each person who opens an account, however, you can only refer up to 25 people...getting you a total of $250 into your account, just for referring people. Did I make any sense?
What I was talking about above has nothing to do with the interest you receive on you money...to avoid any confusion 
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Posted 4/12/05 2:42 PM
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nsgraham
VERY content
Member since 10/03 2267 total posts
Wedding Date:
5/30/2004 11:00 AM
Wed. Location:
Huntington Townhouse
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Re: ING direct savings account
I have www.emigrant-direct.com and they give you 3.25% on your savings account. It works the same way, but the rate is a little higher. There are also Emigrant branches in NYC, so it's a real bank. I used to have a account there a long time ago.
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Posted 4/12/05 3:28 PM
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aliasPook@aol.com
Mmm...mmm...good!
Member since 7/02 1686 total posts
Wedding Date:
2/29/2004 3:30 PM
Wed. Location:
Chateau Briand
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Re: ING direct savings account
I just opened one for Juliette and we deposit $70 in a week. SHe will have over $36500 by the time she's 10 plus interest!
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Posted 4/12/05 4:14 PM
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rafiki
Board Enthusiast
Member since 3/05 193 total posts
Wedding Date:
9/9/2006 7:00 PM
Wed. Location:
Milleridge Cottage
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Re: ING direct savings account
Posted by nov04LIbride
Sooo is this where you would recommend keeping all your savings?
i keep the majority of my savings in the ING account. i keep a very small amount in the savings account where my checking account is.
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Posted 4/12/05 4:29 PM
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rafiki
Board Enthusiast
Member since 3/05 193 total posts
Wedding Date:
9/9/2006 7:00 PM
Wed. Location:
Milleridge Cottage
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Re: ING direct savings account
Posted by LisaW
Duh, I just realized that it must be compounded yearly but paid monthly so its like $21 a month, right?
yes. also it's not a set interest rate. it does fluctuate.
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Posted 4/12/05 4:31 PM
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