Friday, September 24, 2010

Interest rate change

Thanks to Mint, I was notified of an interest rate change on my ING Direct Electronic Orange Savings Account. Their rate dropped from 3.30% to 1.10%. This sucks, but there's nothing I can do about it.

Their 1 year CDs only get 1.25%, so there's not much point moving it there. My CD I currently have with them is coming up to maturation in December, and it's at 1.75%. Shopping around though, I can't find much with higher interest. If I'm willing to lock in for 4 years, then I can find over 2%, but that's not a commitment I'm willing to make yet.

There's no lesson today, just that it can pay to be diligent, and sometimes it doesn't.

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