ING Actually Mentioned in College!
September 18, 2007
Something rather amazing happened yesterday while at school. One of my professors actually demonstrated a bit of real world knowledge! The professor was discussing the inanity of government taxation on ordinary savings accounts and actually dropped some props to ING! Working everything out, your typical brick'n'mortar bank yields around 0.001% monthly interest on your savings - meanwhile (I believe, it's been awhile since I ran the numbers) ING actually offers you 0.01% monthly interest - meaning that you actually accrue a meaningful amount of money from saving for Uncle Sam to tax as compared to the tenths of pennies that he tries to dig out ordinarily.
Anyway, I'm still continuing to love my ING Electric Orange checking account in addition to the kick-ass savings account that I've got. I can't believe how much money I've lost over the years by not choosing a good banking institution. Goooo meaningful interest!
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| Tagged: ING, Finance, SCSU
