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| Wednesday, January 17, 2007 |
| Online Banks Branch out |
This Kiplinger article: Online Banks Branch out talks about the high-yield online saving accounts I am such a fan of: Although the deal hardly seemed irresistible, it still turned Amy DuBois's head. DuBois, a 27-year-old saleswoman in State College, Pa., opened an online savings account in January 2005 at ING Direct when ING was paying 2.33%, or about a percentage point more than she could get at her local bank. At first, she used her ING account as a rainy-day fund. Then she saved at ING for her wedding last August. She still has the account, which now yields 4.5%. More important in the competitive world of banking, DuBois has no qualms about stashing cash in cyberspace indefinitely. More and more of us appear to feel the same way. I have been a happy ING Direct customer since 2002 and I explain why I think they are still one of the most competitive choices for new account holders in my post: ING Direct rate is up while HSBC stands pat (the $25 opening bonus makes up for the lower rate). I also have an HSBC Direct account which I am happy with. For me, the combination of high-yield online accounts and a local credit union works. |
| posted by Boston Gal @ 5:42 PM *
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| 4 Comments: |
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Hi Boston Gal,
Anonymous here. I've been reading your blog for a few months and I really enjoy your posts.
Anyway, I'd really like to know your thoughts on engagements rings. A bunch of girl friends have begun to get engaged. Judging by the size of their rocks, it's clear their partners have spent a lot of money on the rings. What's not always clear is whether the boyfriends had the money to buy that type of rings. I've spoken to my long-term boyfriend and I don't know that I necessarily want a ring when and if we do get engaged. I have political reasons, although I know several companies have begun to make real diamonds in labs. Another part of me can't bear to think of spending that much money on something so... useless(!) at this stage of life. I would rather have the money put towards saving up for a downpayment. I wouldn't mind a ring (of sorts) down the line when we are in a solid financial position. I guess it's a question of timing... and fighting societal expectations by not getting one.
What do you think?
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Back to the post. You might want to also check out ING's Electric Orange checking account. I set mine up 2 weeks back and it works great for me.
The debit cards arrived in the mail today.
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Hi Anonymous,
I think you need to be "invited" to open an Orange checking account. I am looking forward to the opportunity to try the product at some point when it is opened up to more users.
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I have both ING and HSBC. MY efund is currently at ING since it was easier to set up direct deposit. ING is also alot more user freindly.
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Hi Boston Gal,
Anonymous here. I've been reading your blog for a few months and I really enjoy your posts.
Anyway, I'd really like to know your thoughts on engagements rings. A bunch of girl friends have begun to get engaged. Judging by the size of their rocks, it's clear their partners have spent a lot of money on the rings. What's not always clear is whether the boyfriends had the money to buy that type of rings. I've spoken to my long-term boyfriend and I don't know that I necessarily want a ring when and if we do get engaged. I have political reasons, although I know several companies have begun to make real diamonds in labs. Another part of me can't bear to think of spending that much money on something so... useless(!) at this stage of life. I would rather have the money put towards saving up for a downpayment. I wouldn't mind a ring (of sorts) down the line when we are in a solid financial position. I guess it's a question of timing... and fighting societal expectations by not getting one.
What do you think?