I love ING because it keeps track of things for me. I no longer log in every single day, but recently I noticed a significant milestones.
I have now made over $5500 in interest. Free money. I remember it adding up so painfully slowly at first, but now that is s significant chunk of change that I did not lift a finger for. I know that people are always talking about how low interest rates are these days and how it doesn’t even make sense to have money in the bank because you won’t earn any interest.
Well, I’m young enough that I only remember these crappy low interest rates. And I’ve paid attention and taken advantage of times where they pay double interest, as well as special GIC rate promotions. And I’ve made my money work hard for me.
The first job I ever had at Best Job Ever was at $8/hr and they surprised us with a raise to $8.50/hr before we even started. I was thrilled. Well, this $5500 breaks down to 86 days of work at $8.50/hr. That is more money than I made my first two summers there!
So others can say what they want about interest rates, but I will continue to make my money work as hard as it can!
Wow, that’s fantastic! I get excited when I get $1 in interest in a month. My savings are still, well, less than $2.5k combined, but they’ll get there. Indeed, free money is free money. Not sure what’s the interest rate from ING, but it’s gone down since I signed up last year… so now I keep my EF in an Ally savings account (0.90% vs ING’s 0.75%). I’m still playing with cents of interest, but hey, why not.