ING Direct Savings - Anyone use them?

[hendry70]

ING's rates have been plumetting for the last couple of months. I have a savings account with them. The only reason I use it is so I can save some money and not have quick access to it. No ATM card with the account I have so it makes it a little inconvenient to get at it. But, for me that's fine. It gives me a little time to cool off when I get the urge to buy something I don't really need. At the rate they're going I wouldn't be expecting the same great interest rates in 6 months. Last time I checked I think WAMU was 1% or so higher than ING.

Banks lower their interest rates when the Fed drops the fed funds rate. That's the only reason ING's rates have gone down.

[bk4sky]

ive just opened a wamu account for online banking/savings

[lrprn]

bk4sky, in the future if you wish to comment on a topic like this, please do not post to an inactive thread like this one with no posts for several months. Better to start a new thread of your own - thanks!