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Saving account swap

March 8th, 2008 at 09:45 pm

Today I transferred nearly all of our money out of our bank's saving account to my ING account. A year and a half ago, we did the opposite when our bank's saving acocunt was at a higher rate then ING's, but with the recent economy the rate has been steadily declining. So back to ING we go!

I haven't used ING for a while, but I know that you can set up different accounts. Currently I have a spreadsheet that I use to track different sub-accounts (Roth contributions, EF, down payment, etc). So questions for the people who have you have multiple accounts? Do you like it?

3 Responses to “Saving account swap”

  1. nance Says:

    I transferred the bulk of my ING savings to a CD with ING just before the Feds lowered interest rates. They sound like it will happen again soon, so I'm glad most of my savings is in a CD.

  2. baselle Says:

    I do have two ING subaccounts with different names - ING will track interest per subaccount, you can transfer $ to different subaccounts. I think you can do up to three, that's the only downside.

  3. debtfreeme Says:

    i do and i love them. i know at a quick glance how much money i have stored for what purpose. much easier than having it written down in some book.

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