9/26 ING Direct is offering 3.4% while PayPal is offering 3.5%. Any reason
why I should keep money in ING Direct?
\_ Emigrant Direct is offering 4.00%: http://www.emigrantdirect.com
\_ What's your experience with this bank? Drawbacks?
\_ good rate, bad user interface, be patient with
the opening process/links to your account, okay
once you get used to it.
\_ Does that 0.1% really matter to you?! At that point I'd be
looking at level of service and convenience over an extra 0.1%.
I am not saying ING offers more, but that I would focus on that
versus the rate.
\_ how much money are you guys talking about?
I look at these rates and I thought they aren't bad, but when
I calculate how much I would earn in a year with a $10000, it's
like really anti-climactic.
I calculate how much I would earn in a year with $10000, it's
like ... not very exciting.
\_ I suggest you go into the loan shark business.
\_ Only if you care about other stuff that ING offers, i.e. CDs,
investment accounts, etc. If you care and plan to use those
services you might as well stick with one banker. If paypal offers
better rates and same services go with Paypal.
\_ what about the part where paypal is a buncha mofos?
\_ Well, I've done quite a bit of paypal stuff (I run
an online store with a buddy for fun and profit) and
they are mofos. However, they've never held on to our
funds for long, so I would assume the same goes for
their savings/checking account. So if you do have
trouble with it you can just cancel it and go with
someone else without too much hassle. They are owned
by ebay, so it is relatively solid. I personally do
ING for my savings, but I purchased CDs at 4%, and
I also have an IRA with them for retirement derivatives,
so that's the only real reason why I would recommend ING
over paypal. If it's a principal thing and if you feel
a bit squeemish about paypal then definitely go with ING.
It's not worth fucking around with 0.1% if you have grave
doubts (and some of them are justified) about Paypal. |