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why does ing direct's apy keep dropping? when will it go back up, if ever?
in may '09 it was 1.49, then in september '09 it went down to 1.30, on february 6th it dropped again, and just 2 weeks later it dropped yet AGAIN. what is going on? will my APY ever go back up?
2 Answers
- Common SenseLv 71 decade agoFavorite Answer
The rates everywhere are dropping. ING does also.
BTW: I like;
I have ING and these other three banks. ING is my least liked of the four.
All are FDIC Insured.
- 1 decade ago
because the prime lending rate is near zero. Plus ING yields are way better than national banks like Citi and Bank of America. Edventually it will go up not this year though hang in there.
