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Home > Where's A Girl To Save her Money At?

Where's A Girl To Save her Money At?

December 6th, 2011 at 08:53 pm

I noticed today that ING Online bank has dropped it's interest rate again. ING savings account is now paying .85%. That is way better then my local bank pays but still so low.

I kind of enjoy the end of the year when I set new financial goals for the new year. I would like to work things out so my hubby can retire earlier then he expects. I am hoping for March 2015 as retirement for him. I have always been a full time homemaker.

We are already debt free so I am trying to save up a large emergency fund so that we can live just on his retirement pension that he would receive. We have a 401K, IRA's, and savings. I would like to just live on the pension but I'm not sure that is feasable. Hopefully when we reach the right age, we will receive our Social Security too.

Posted in Uncategorized | 4 Comments »

4 Responses to “Where's A Girl To Save her Money At?”

  1. LuckyRobin Says:
    December 6th, 2011 at 08:59 pm 1323205195
    1323205195

    When I first signed up for ING it was paying 4%. .85% feels like a slap in the face to all savers. Although not as big a slap as what the local banks and CUs are paying. It does make it very discouraging to save. Not going to stop me, though.

  2. baselle Says:
    December 6th, 2011 at 09:18 pm 1323206336
    1323206336

    Although I bonds have a lot of strings, they currently yield the best rates - 3.06%. You can only put in $5K/yr though.

  3. rob62521 Says:
    December 7th, 2011 at 12:40 am 1323218406
    1323218406

    I agree the low interest rates make it a challenge to save...but I'm with Lucky Robin...I'm not going to stop.

  4. Mary Ann Says:
    December 7th, 2011 at 01:31 pm 1323264719
    1323264719

    I agree with you LuckyRobin and Rob...can't stop saving just cause the interest rate is low!! Thanks Baselle for mentioning the bonds!!

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