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just when I got my money in the spots I like ...

June 13th, 2011 at 01:57 am

Turns out that the US branch of ING (ING is a Dutch bank) is

Text is on the verge of being bought and Link is http://money.msn.com/business-news/article.aspx?feed=AP&date=20110610&id=13757039
on the verge of being bought, supposedly by either GE or Capital One.

I don't know what that means for me, but I'm fairly sure that 1% interest rate on a highly liquid "checking" (I put that in quotes because you need a very high balance) account is not in the cards.

Sucks, and I'll hold on until the timetable is published (SEC supposedly won't let you secretly sell) but its time to relook.

3 Responses to “just when I got my money in the spots I like ...”

  1. ThriftoRama Says:
    1307931569

    Boo.

  2. anon-y-mouse Says:
    1307934690

    I'd be happy if it was Capitol One. Their online savings account is at 1.1%.

  3. FrugalTexan75 Says:
    1308364089

    Yech!

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