Home > consolidation steaming ahead

consolidation steaming ahead

October 30th, 2010 at 04:33 am

I made the external link between the bank where my close-to-maturing CDs are and ING. I paid a bill, sent a P2P transfer to my DH (who picked it up immediately), discovered that ING keeps an internal address book complete with routing and account numbers. Not quite sure whether I like that or not.

I also paid a visit inside to the ING/Shareholder brick and mortar building on 1st/King. The ATM doesn't look like it handles paper checks (no deposit slot) - which makes sense for mostly-online bank. Still, while I don't get that many paper checks, I still get a few. And there is my much beloved tip box squeezings. So ING can't do it all, I think.

So the plan is to first move the CDs (tiny amount of interest), to ING (slightly greater amount of interest), and close that bank account.

Second, I plan on move my direct deposit to ING, then later move most, perhaps all of my money out of Chase, leaving just the credit card.

For the paper checks, small savings and tip box squeezings I plan to put that into a BECU account. G*d love 'em, they still have an interest rate of 6% on checking and saving accounts under $500.

3 Responses to “consolidation steaming ahead”

  1. Homebody Says:

    I think ING keeps your personal bank transfer info only. I don't mind because then I don't have to enter it every time. As soon as a bank starts charging for checking, we will be closing those accounts, now that our mortgage and our interest bearing checking it at a local credit union.

  2. retire@50 Says:

    holy cow! that's a huge interest rate in this day and age. I'd open up 20 small accounts all at $450 Smile

  3. baselle Says:

    Even better - $500 on each account, so $500 on the savings, $500 on the checking for a $1000.

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