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that was quick

September 20th, 2007 at 04:02 am

Noticed that ING dropped their rate to 4.3% the day after the Fed dropped the prime leading rate. It will probably even go a bit lower in the next few days. Here's to having a long-ish term CD.

Posted in Fixed Income | 4 Comments »

4 Responses to “that was quick”

  1. koppur Says:
    September 20th, 2007 at 11:26 am 1190287608
    1190287608

    That's stinky. Luckily Emigrant is still at 5.05% and that is where my bigger savings account is.

  2. Broken Arrow Says:
    September 20th, 2007 at 03:01 pm 1190300463
    1190300463

    GMAC is still holding at 5.3% while E-Loan is... unable to load. That's disturbing.

    ING always did their own thing though. Maybe they're strong enough to do whatever they feel like.

  3. baselle Says:
    September 20th, 2007 at 06:39 pm 1190313556
    1190313556

    Flipping it around, I'd make the case that ING might be more honest about their situation. I'd be worried about Emigrant - they might not be able to hold 5.05% much longer.

  4. JanH Says:
    September 21st, 2007 at 05:47 am 1190353676
    1190353676

    I didn't think about my upcoming CD renewal and maybe the lowering rates. I will have to look into that. Thanks for the reminder!

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