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Post Info TOPIC: ING vs Capital One MM
HeatherLynn


Gucci

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ING vs Capital One MM
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I am going to finally open an ING money market (orange account) or Capital One money market.  I was wondering if anyone knew of the difference or a reason to choose one over the other.  Everytime I check Capital One has a high % rate than ING.  Currently it is 5% vs 4.5%.  I'm just wondering if the extra .5% would be worth it or if Capital One is more of a hassle.  TIA

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Marc Jacobs

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ING isn't a money market, it is a savings account. I prefer it because there are no minimums and they have great CS.

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Marc Jacobs

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I love my orange accounts.  I have both savings and cds through them.  They do have money market accounts (IRAs) but i do not know enough about them to recommend those.  What type of account are you wanting to open?

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HeatherLynn


Gucci

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Just a savings or money market. The Capital One money market does not have a min or fees either. They both seem about the same, except for the APY. As far as money markets and savings accounts go they are virtually the same thing (I worked at a bank for 3 years) so I don't have a preference regarding that.

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lynnie


Chanel

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I think these banks are trying to compete with ING's orange account so they're offerring slightly higher interest.  Its not enough interest for me to consider switching from my orange accounts- which i love.  I like the setup.  But I have no experience w/the other account, so I can't say which is better.

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Kenneth Cole

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I have an ING savings account, and I really like it.

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