I just noticed this. it is cool that you don't need a min. ammount and that you can take the money from your current ING Orange.

I am thining of putting a couple of bucks (well, more than a couple lol) from my Orange and putting it in one and just seeing where it goes....maybe if the return is good enough, put one up for a college fund or whatever for the kids. Needless to say I have more than 5 years before they get into college (lol, they are 4 and 2) but I know it is always good to start before they are even born.

I was just wondering if anyone had one....

we keep signing up for one year ones and the bf keeps breaking them. *rolly eyes*

you get all the principal back if you need to break the CD for any reason, but there's a penalty on how much interest you will receive.

HOWEVER, as odd as it sounds.... the bf says CD rates just went down (he works at ING) so get one?

we keep signing up for one year ones and the bf keeps breaking them. *rolly eyes*

you get all the principal back if you need to break the CD for any reason, but there's a penalty on how much interest you will receive.

HOWEVER, as odd as it sounds.... the bf says CD rates just went down (he works at ING) so get one?

There's a bank I hear advertising on the radio all the time that has a CD that you can take money out of once a week with no penalty as long as you maintain a minimum balance of $5000. They offer an amazing rate of 2.5%. :)

I thought about opening a CD with ING, but I don't really have enough extra money to put anything in that would be worth it. I'll stick with my ING savings, until I have enough in there that I won't need to touch.

I thought about opening a CD with ING, but I don't really have enough extra money to put anything in that would be worth it. I'll stick with my ING savings, until I have enough in there that I won't need to touch.
I think that's very wise.

Make sure most of your major bills are paid, so you won't have to touch the funds.

I wonder if I could recommend you guys to my credit union. They are paying 3% interest on their regular old savings account.

I wonder if I could recommend you guys to my credit union. They are paying 3% interest on their regular old savings account.
That's nice but INGDirect.com (http://www.gottadeal.com/deal-info-id-9069-store-ingdirect.html) already offers 3.00% on their savings accounts :)

That's nice but INGDirect.com (http://www.gottadeal.com/deal-info-id-9069-store-ingdirect.html) already offers 3.00% on their savings accounts :)

Doh! :insane:

There are some banks here in Cali that are offering 3.5% and even 3.75% for short term CD's.Lengths of 6-9 months come to mind.

Even the larger banks (B of A for one) offers a 9 mth CD at 2.33% with no early withdrawal fee. Also, lots of banks have savings accounts that approach that rate as long as you keep a minimum balance.

Word of advice,shop around!

http://www.bankrate.com/brm/rate/deposits_home.asp is a great place to start.

i opened a CD at ING last August for 4.25%. even if i were to prematurely withdraw the CD, i would still have an interest gain of about 2.1%. sure it's not as good as the 3.0% for the regular ING savings account, but its better than nothing. besides i have no intention of breaking the CD early, so the only thing i would lose out is if the savings rate were to exceed my locked CD rate.

what is the advantage of having a cd at 2.3% when ING savings account gives 3.0?

I'm thinking about opening one, but let me ask a quick question first since I've never done a CD before.

With a CD, would I be able to keep making deposits into the CD after I open it or can I only set a certain intial deposit and can't add any money into it after that?

The money I have in my ING is money I do not touch so I don't have to worry about wanting to take any of it out before the term is up...

I'm thinking about opening one, but let me ask a quick question first since I've never done a CD before.

With a CD, would I be able to keep making deposits into the CD after I open it or can I only set a certain intial deposit and can't add any money into it after that?

The money I have in my ING is money I do not touch so I don't have to worry about wanting to take any of it out before the term is up...


you got it right. you set a certain initial deposit, and can't add any money into it afterward.
what people do is create a ladder, so you set an account to expire in a year, another in two such that in emergency some of those cd is available.