| CD Laddering at ING Direct |
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wyclef
Full Member
Cash: $ 18.22
Posts: 99
Joined: 08 Oct 2004
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| CD Laddering at ING Direct |
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Hi, i'm setting up a CD Ladder through ING and was wondering if it makes sense to have the interest transfered to my savings account. How often does ING compound the interest on CDs? Will I get a higher return if I just leave the interest in the CD?
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Fri May 26, 2006 6:05 pm |
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David Briggs
Senior Member
Cash: $ 57.86
Posts: 289
Joined: 16 Jan 2005
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I would keep as little money in your savings account as possible. My savings account is for available emergency type funds at a very local bank. It pays only slightly higher than a checking account. Liquidity on a cash currency basis. Today in legal tender if and when needed.
~~David
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Sat May 27, 2006 5:06 am |
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xboxundone
Senior Member
Cash: $ 67.83
Posts: 795
Joined: 19 Sep 2004
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quote:
Originally posted by David Briggs
I would keep as little money in your savings account as possible. My savings account is for available emergency type funds at a very local bank. It pays only slightly higher than a checking account. Liquidity on a cash currency basis. Today in legal tender if and when needed.
But if you have your money in ING direct savings account it pays MUCH higher than checking as you can get 4.15% with ing savings.
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Tue May 30, 2006 12:52 am |
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wyclef
Full Member
Cash: $ 18.22
Posts: 99
Joined: 08 Oct 2004
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So leave the interest in the CD?
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Tue May 30, 2006 2:10 pm |
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projekscerious
Member
Cash: $ 2.10
Posts: 10
Joined: 01 Mar 2006
Location: Mississippi
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Just FYI, Emigrant Direct is just at 5.00%. Im Assuming this is good unless their is a catch that people don't know about. =/
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Wed Jul 05, 2006 3:37 am |
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