E-LOAN Savings Account
For about a year-and-a-half my wife and I had a joint savings account with ING Direct online. ING has a very competitive interest rate for a savings account and you can easily transfer money from a checking account at another bank to savings account at ING. These facts along with their superior customer service convinced us to stay.
While I still do like ING very much I have decided to move our savings account to E-LOAN online. Their current APR is over one percent higher than ING’s so it was strickly a money decision. Since I will be handling the account the customer service will not be as big of an issue if E-LOAN’s does not compare well to ING in that category. However, if customer service is essential to you you should consider ING.
The online application process was simple and my account should be open by Friday along with my initial deposit. I will update you as I learn more about E-LOAN.
Check out this post by MyMoneyBlog–if you can get a 0% credit card he offers up a great idea.
Blueprint walks you through how to do the 0% balance transfer online.
MYMoneyBlog with more on checking and savings accounts.
Written by Nagel on November 30th, 2006 with
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