QUOTE (C8V6C @ May 9 2005, 01:29 AM)
Theres gotta be a catch.....otherwise id throw a grand in there and save it...
They gotta cheat you somehow no? Otherwise, how do they make money?>
Well they make money just like any other bank, by loaning your money or investing it.
If your the type of person who always thinks theres a catch ( I am)
I would say it is the fact that they are only online, there no local branches and its all done by electronic tranfers.
That must save them a crapload of money, and I imagine that is how they can pay such a high rate, i know of i few other banks that do a similiar thing but no one gives 25 bucks to start an account, and most have minimums or fees. ING doesnt !!!
Edited by civic87crxsi, 09 May 2005 - 12:44 AM.