ING Savings Down to 1.85%

[Caillo]

http://www.ingdirect.ca/en/save-invest/isa/index.html

I'm running out of places to put my money. :cry:

[ilusa]

Noooooooooo Really?

[angel_wing0]

yip its updated in my thread..just put it in ppls trust :D

[Caillo]

yip its updated in my thread..just put it in ppls trust :D

I've signed up for too many banks as is... ING was the highest out my group... I really don't want to sign up to People's Trust (the more institutions I provide my SIN # to the higher the risk my identity gets stolen).

[ilusa]

Ya im going to keep it @ Ing..

Just sucks its dropped this much

When i opened it.. it was 3-4%

[Tha_Doggg]

Oh boy not again!!!!! :twisted:

[thebanker]

hsbc is still @ 2%....for the time being..

[at1212b]

Who here is benefiting from lower mortgage rates?

[BadDrafter]

What is the inflation rate?

[lister]

Who here is benefiting from lower mortgage rates?

I am. The various banks can reduce the savings % down to zero for all I care as long as my mortgage stays at 2.1% or goes even lower.

[Caillo]

I am. The various banks can reduce the savings % down to zero for all I care as long as my mortgage stays at 2.1% or goes even lower.

.... 2.1% eh? That must be a prime minus situation I'm assuming... Enjoy that while you can. Every singly person who's oppened a economics book is predicting insane inflation in the comming years which will surely result in interest rates being jacked up.... So your ~2% rate should be safe through 2010... But hopefully it's paid off in full before you hit double digit interest.

[Chanpod]

Put it in a balanced fund with a low MER... savings account doesn't look like it'll move...

[Invincible]

Crap. I just moved a lump sum there... oh wait, that's just a pit stop before it hops into my shiny new People's Trust account :)

FWIW, last I checked (a day or two ago) CTFS is still 2.5%. Doesn't compete with PT's current 3.6% though but...

Hopefully these two don't join the low-interest-giving-party. :(

[Asoul]

Sad with ING's rate, but I'm happy with them and this is my emergency money anyways. I rather keep that money with a place I can trust.

[TeriyakiJack]

Leaving the money in the TFSA at ING. I'm pulling whats left of my ISA into my chequing. Money is tight nowadays and I recently had a "Non-sufficient fund" incident at PCF:(.

[rfdrfd]

Geez, me, too, i'm running out of places to put my money (for 100% safe without loosing anything).

I may bite the bullet and finally start putting more into the TSX ETF soon. I'm hoping it isn't going to get worse before it gets better.

[NEMESIS_2008]

i've signed up for too many banks as is... Ing was the highest out my group... I really don't want to sign up to people's trust (the more institutions i provide my sin # to the higher the risk my identity gets stolen).



+1 :-0

[angel_wing0]

I've signed up for too many banks as is... ING was the highest out my group... I really don't want to sign up to People's Trust (the more institutions I provide my SIN # to the higher the risk my identity gets stolen).

wow are most of your accounts in big 5 and pcf? --* There are tons of banks better than ing: CTFS/ICICI/PPLS TRUST

[Caillo]

wow are most of your accounts in big 5 and pcf? --* There are tons of banks better than ing: CTFS/ICICI/PPLS TRUST

Zero big 5's ---> They are an absolute rip-off. :mad:

I'm completely with online banks and credit unions only...

[angel_wing0]

Zero big 5's ---> They are an absolute rip-off. :mad:

I'm completely with online banks and credit unions only...

i think its really time to close the low rate ones and open with any banks that are still above 2%.

[Asoul]

wow are most of your accounts in big 5 and pcf? --* There are tons of banks better than ing: CTFS/ICICI/PPLS TRUST

CTFS = Canadian Tire? If so, I don't feel right if I did my banking at a Canadian Tire :razz:

[angel_wing0]

CTFS = Canadian Tire? If so, I don't feel right if I did my banking at a Canadian Tire :razz:

Close enough, but it stands for Canadian Tire Financial Services. :D

they have 2.50% interest as of this post. Not too bad at all.

[AllWheelDrift]

Close enough, but it stands for Canadian Tire Financial Services. :D

they have 2.50% interest as of this post. Not too bad at all.
And if they were to fail, they could always print Canadian Tire Money. :lol:

[angel_wing0]

And if they were to fail, they could always print Canadian Tire Money. :lol:

Are they good on spills like CSB? :lol:

[Hairball]

Now that these "high interest" savings accounts pay so little, it's time to gamble on other investments.

But I guess that's what they wanted you to do...

[angel_wing0]

Now that these "high interest" savings accounts pay so little, it's time to gamble on other investments.

But I guess that's what they wanted you to do...

Exactly, either that or spend.

[Caillo]

Now that these "high interest" savings accounts pay so little, it's time to gamble on other investments.

But I guess that's what they wanted you to do...

To big of a gamble for some people (like me). It's a daily boom or bust market and I'm not willing to risk up to 10% or more reduction in my investment from a one day bear rush....

If my time horizon was over 2 years however, I would be pouring everything in ETF's right now.... To bad.... :cry:

[Asoul]

I keep three months expenses saved in my ING account just in case and everything else I can find I am pouring into the market.