High-Yield Online Savings Account Comparisons
I have been a loyal customer to ING Direct since the day I opened an account with them. Since that day, several other online savings accounts offering a higher APY have surfaced. Although the rates are higher elsewhere, I have stuck with ING Direct because I am comfortable with them and I am expecting them to raise their rates soon in order to keep up with the competition. It has been a while since ING Direct has raised their rates, so I’m starting to consider making a move to one of the other, higher paying, services.
The E*Trade Complete Savings Account is looking the most attractive to me at this point. It offers a 5.05% APY and I already have a brokerage account with them. That may be the quickest and easiest way for me to increase my rate of return, but definitely not the highest rate that I could possibly earn.
If I do decide to move away from ING Direct, I will document my experience here and compare it to my experience with ING Direct.
Will ING Direct raise their rates soon? I’d prefer not to move away from them if I don’t have to, but I’m beginning to get the feeling that they are holding out on us. What are your thoughts? Leave a comment.
