Need to know how often interest is compounded...

[staceyfe]

...for ING Direct Orange Savings accounts. I can't find it anywhere on the website. (I'm hoping since my question doesn't involve the referral program, this thread is "legal").

TIA--looking forward to getting 3.8% rather than .75%!

 

[staceyfe]

Anyone?

 

[xboxundone]

it is compounded daily but credited monthly BTW I LOVE ING

 

[staceyfe]

Thanks so much. If it works out, we are going to transfer DS's money to an account also. No sense in him earning only .75% either.

 

[xboxundone]

yes local banks dont give JACK! but ING is great! I have used them for year and half!

 

[minechuchie]

Anyone know of a calculator that can help with figuring amount out? Terri

 

[azgal81]

The interest is also calculated on the last day of the month. I'm sure there are random savings calculators out there as well. Try bankrate.com they might have one. I just figure 38 bucks per every 1000 I have in there for a year but that might not be that accurate.