Comments on: ING Direct Sweetens the Pot (Sort of) http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/ personal finance tips, tricks, and commentary Sun, 22 Nov 2009 03:39:46 -0500 http://wordpress.org/?v=abc hourly 1 By: Andrew http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/comment-page-1/#comment-1731 Andrew Sat, 04 Feb 2006 23:46:22 +0000 http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/#comment-1731 Well now HSBC upped the ante to offer 4.8 on all funds involved, my money is going there. I do agree HSBC had too many hoops to get here, but it is done, so why not. Well now HSBC upped the ante to offer 4.8 on all funds involved, my money is going there. I do agree HSBC had too many hoops to get here, but it is done, so why not.

]]> By: Midas http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/comment-page-1/#comment-1453 Midas Sun, 22 Jan 2006 02:02:56 +0000 http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/#comment-1453 I will use this promo as a 4.75% 3 month CDthen go back to HSBC I will use this promo as a 4.75% 3 month CDthen go back to HSBC

]]> By: Fruit O The Loom http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/comment-page-1/#comment-1448 Fruit O The Loom Sat, 21 Jan 2006 04:52:55 +0000 http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/#comment-1448 I have a mortgage through HSBC and when I opened my HSBC Direct online savings account, my mortgage account was immediately accessible. I'm betting I will be able to pay my mortgage from the savings account online. neat. Now only problem is linking my ING Direct savings account to the HSBC account, so I can take advantage of this 4.75% offer at ING. Doesn't appear to be possible, as ING Direct can't be linked through the "Cash Edge" ACH transfer system used by HSBC and ING Direct will only link checking accounts where you have sent them a physical voided check by snail mail. This means I'll have to move it through my Citibank checking account, which will take over a week to complete. I have a mortgage through HSBC and when I opened my HSBC Direct online savings account, my mortgage account was immediately accessible. I’m betting I will be able to pay my mortgage from the savings account online. neat. Now only problem is linking my ING Direct savings account to the HSBC account, so I can take advantage of this 4.75% offer at ING. Doesn’t appear to be possible, as ING Direct can’t be linked through the “Cash Edge” ACH transfer system used by HSBC and ING Direct will only link checking accounts where you have sent them a physical voided check by snail mail. This means I’ll have to move it through my Citibank checking account, which will take over a week to complete.

]]> By: Guest http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/comment-page-1/#comment-1437 Guest Fri, 20 Jan 2006 18:28:49 +0000 http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/#comment-1437 HSBC doesn't seem to have a way, as far as I can tell, to create any subaccounts online. I'll email a rep to find out what I would need to do to open a sub account. The nice thing about HSBC is that they are a full service bank so you could theoretically open credit cards, investment accounts, loans and event insurance (auto/home) and have them all tied to this account (in theory). HSBC doesn’t seem to have a way, as far as I can tell, to create any subaccounts online. I’ll email a rep to find out what I would need to do to open a sub account. The nice thing about HSBC is that they are a full service bank so you could theoretically open credit cards, investment accounts, loans and event insurance (auto/home) and have them all tied to this account (in theory).

]]> By: Neo http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/comment-page-1/#comment-1436 Neo Fri, 20 Jan 2006 17:56:57 +0000 http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/#comment-1436 It appears in response, Emigrant Direct has posted to their web site the details of their new American Dream Credit Card. http://www.emigrantdirect.com/ Neo It appears in response, Emigrant Direct has posted to their web site the details of their new American Dream Credit Card.

http://www.emigrantdirect.com/

Neo

]]> By: Blaine Moore http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/comment-page-1/#comment-1433 Blaine Moore Fri, 20 Jan 2006 15:57:04 +0000 http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/#comment-1433 I just started opening my account a few days ago, so I will take a look into it once I can log in, Nickel. I just started opening my account a few days ago, so I will take a look into it once I can log in, Nickel.

]]> By: FMF http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/comment-page-1/#comment-1432 FMF Fri, 20 Jan 2006 12:27:49 +0000 http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/#comment-1432 I agree with Blaine. PLus, too many hoops on this one. Why don't they just make the amount their going rate? I agree with Blaine. PLus, too many hoops on this one. Why don’t they just make the amount their going rate?

]]> By: nickel http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/comment-page-1/#comment-1427 nickel Thu, 19 Jan 2006 21:33:09 +0000 http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/#comment-1427 What about creating subaccounts at HSBC? Can you do it? And is the process equally painful to opening the account in the first place? What about creating subaccounts at HSBC? Can you do it? And is the process equally painful to opening the account in the first place?

]]> By: Guest http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/comment-page-1/#comment-1426 Guest Thu, 19 Jan 2006 21:18:36 +0000 http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/#comment-1426 I began opening an HSBC account in late December. The process ended up taking a few weeks (probably due to the Holidays). The worst part is waiting for the snail mail to get your account number (seperate letter), password (seperate letter), ATM Card (seperate letter) and finally PIN code (seperate letter). Double all this if you add a spouse! Once you receive all these "pieces" you will need ALL of them to log on and configure your accounts. You then must run the gauntlet or setting up a secret "site key" to add/change/remove/transfer funds between accounts. Be aware that you will be guided through various popup windows, virtual keyboards, security questions and ATM/Pin code combination to get this stuff done. I grew increasingly frustrated with the process but now that it's all done I am fairly happy with it. I hope they keep up competitive rates! I began opening an HSBC account in late December. The process ended up taking a few weeks (probably due to the Holidays). The worst part is waiting for the snail mail to get your account number (seperate letter), password (seperate letter), ATM Card (seperate letter) and finally PIN code (seperate letter). Double all this if you add a spouse!

Once you receive all these “pieces” you will need ALL of them to log on and configure your accounts. You then must run the gauntlet or setting up a secret “site key” to add/change/remove/transfer funds between accounts.

Be aware that you will be guided through various popup windows, virtual keyboards, security questions and ATM/Pin code combination to get this stuff done.

I grew increasingly frustrated with the process but now that it’s all done I am fairly happy with it. I hope they keep up competitive rates!

]]> By: Interest is king http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/comment-page-1/#comment-1425 Interest is king Thu, 19 Jan 2006 20:42:55 +0000 http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/#comment-1425 ING and Emigrant Direct have lost momentum because they have failed to stay current with latest Federal Reserve rate increases. 4.25 is what they should be offering. HSBC and First Fed of California now offer those top rates. I like the idea of using ING as the conduit. Saves a day over transfering ED to Checking, and Checking to ING. ING and Emigrant Direct have lost momentum because they have failed to stay current with latest Federal Reserve rate increases. 4.25 is what they should be offering. HSBC and First Fed of California now offer those top rates.

I like the idea of using ING as the conduit. Saves a day over transfering ED to Checking, and Checking to ING.

]]> By: Blaine Moore http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/comment-page-1/#comment-1423 Blaine Moore Thu, 19 Jan 2006 19:08:07 +0000 http://www.fivecentnickel.com/2006/01/19/ing-direct-sweetens-the-pot-sort-of/#comment-1423 0.5% for 3 months is not really worth the effort of opening a new account at the moment, I don't think. I am in the process of opening an HSBC account, so perhaps if they ever offer a permanent rate at that I will open one. 0.5% for 3 months is not really worth the effort of opening a new account at the moment, I don’t think. I am in the process of opening an HSBC account, so perhaps if they ever offer a permanent rate at that I will open one.

]]>