It is time to again spend 15 minutes surveying 6-month CD rates to figure out where to create the CD representing the 5th month of our 6-month emergency fund CD ladder. We try to target a CD anniversary date of the 25th of the month so I need to do the research a few days in advance of that.

[Read more →]

I just got an e-mail indicating that ING Direct has lowered the yield on their Orange Savings Account by about a third of a percent to 1.85% APY. Two shocking things about this to me. First, this is the fourth rate drop since late December, 2008 when the yield was 2.75% APY. And second, this is the lowest rate ING Direct has given since 2001!

[Read more →]

FNBO Direct sent me another customer service e-mail yesterday. Their online savings account rate has dropped and is producing a yield of 2.60% APY as of February 2, 2009.

[Read more →]

We opened our fourth CD in our emergency fund CD ladder over the weekend. As I commented on my own post about our third CD, we went with a local credit union rather than any of the online banks because the yield was so much higher.

[Read more →]

ING Direct lowered their interest rates on a number of bank products yesterday. It hasn’t been all that long from ING’s last rate drop which I wrote about on December 30th, 2008, so I’m guessing this answers my previous question regarding how frequently ING changes its rates. More often, but smaller sized changes.

[Read more →]