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

June 12th, 2011 at 06:57 pm

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

    Boo.

  2. anon-y-mouse Says:

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

  3. FrugalTexan75 Says:

    Yech!

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