How’s this for being behind the times? Earlier this week I picked up a copy of USA Today and was greeted by a story that talked about competition amongst online banks heating up to the point that they’re now offering interest rates of 5% or more on their savings accounts. The thing is, they’ve been offering rates like this for a long, long time. In fact, I can’t even remember when they first broke the 5% threshold — maybe a year or so ago? Glad to see that the mainstream media is keeping up with recent events! 😉
Online Bank Competition Heating Up?
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4 Responses to “Online Bank Competition Heating Up?”
ING will have to do something soon. I’d like to know how much money has flowed out to Emigrant and HSBC, especially after HSBC started the 6% promo.
Yeah, I have an ING account too. Hopefully they will catch on and bump the rate up another percentage point.
yeah, too bad ING isn’t one of them. However, i’m learning to live with my post-ING days with igobanking. of course it has all been one way in since i opened the account. now if we can get those buggers to 5.5%, that would be great.
Heh, I signed up with Emigrant Direct when it was 4%, and now I don’t use it even though it is a full point higher because I can do better…