Interest rates :(

iVillage Member
Registered: 07-26-1999
Interest rates :(
3
Tue, 03-10-2009 - 11:16pm

I just logged in to ING to see the interest rates for my savings. They are down to 2.0% on all of the accounts I have. It feels like I blinked and they have gone from 3.75 or more down to 2.0. It seems like such a drag. I know I need to be happy that I am making enough money to be able to save some, and these are CDIC insured so the money isn't going to disappear on the stock markets, but still. I wish it was a bit better.

If anyone has any suggestions for better ways to save money (I'm in Canada) I would love to hear them.

iVillage Member
Registered: 11-17-2007
Wed, 03-11-2009 - 1:09am

I am crying in my beer

iVillage Member
Registered: 05-20-2005
Wed, 03-11-2009 - 2:41pm

I noticed that every month ING has adjusted the interest rate lower and lower.

Wedding
iVillage Member
Registered: 09-07-2003
Wed, 03-11-2009 - 3:05pm

HSBC, which is usually competitive with ING, has also been going from a high of 4% down this week to 1.85%.

Teresa
http://www.affordingpickles.blogspot.com