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Discussion forum ING Direct ING Direct Cuts Rates to 1.35

ING Direct Cuts Rates to 1.35
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1:48 pm
May 20, 2009


jeremywong

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ING Direct cuts ISA and TFSA rates from 1.5 to 1.35.

8:03 pm
May 20, 2009


Hussain

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Not sure why ING DIRECT keeps lowering rates — nothing has happened in the economy to lower rates…this is just to increase profits!

3:41 am
May 21, 2009


Mike

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Ironicly, 1.35% is a good rate still today.

Pfft.

Just wait till deflation kicks in! In Canada: The annual government-tallied inflation number just out is 0.4%. Economists think it will be zero by next month.
In the UK just posted a minus 1.2 per cent last month.

Mike

10:15 am
May 21, 2009


Hussain

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1.35% is OK, but not sure why ING DIRECT has dropped the rate?

I would try a few other banks: Canadian Tire currently offers 2.25% with a 1% bonus and of course there is Achieva and Outlook Financial
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ING Direct Cuts Rates to 1.35

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