ING Direct rates drop again!!!

ING Direct, one of the high yield saving accounts have dropped their interest rates a second time in 10 days to 3.40% APY. This is down from 4.20% APY in November, 2007. The two interest rate drops seem to be in proportion with the Federal rate cut which means a lot of other high yield savings accounts will be following suit or have already reduced their interest rates.

Update: 3/19/08 rate drops again to 3.00% (Did anyone say we are near a recession?)

Update: 10/09/08 rate drops to 2.75% (Without any notice of the exact date of the rate drop in the statement.)

Update: 01/20/09 rate drops to 2.40%

Update: 02/18/09 rate drops to 1.85%

Update: 03/21/09 rate drops to 1.50%

Update: 06/09/09 rate drops to 1.30%

Update: 01/08/10 rate drops to 1.25%

Update: 02/04/10 rate drops to 1.20%

Update: 02/18/10 rate drops to 1.15%

Update: 03/02/09 rate drops to 1.10%

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3 comments

  1. Michelle Mar 11

    INGDirect just cut interest rates again today (3/11) to 3.10%!

  2. Nick Mar 30

    Yep. I moved my money to etrade

  3. Death Feb 3

    Looked this morning and they (ING Direct) dropped rates again to 2.20%. Right now I am looking for another bank.

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