Date: Wed, 27 Sep 2006 14:54:53 -0500
From: "ibookdb.net" 
Newsgroups: misc.invest.financial-plan
Subject: Re: ING Direct Savings account...
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Bucky wrote:
> Shhhh wrote:
>> Is it me or is ING no longer a good deal for someone looking for a good
>> online savings account? What
>> gives? why are they so far behind these other online banks? any thoughts?
> 
> High yield online savings are ultra-competitive these days. ING
> apparently has decided not to try to offer the highest yield, but
> rather to spend money on referral bonuses and massive advertising (even
> on TV). Which honestly, is probably the better strategy from the bank's
> point of view.
> 
>> it worth closing my ING account and moving money to one of these options for
>> that 0.6% difference?
> 
> There's no minimum, so it's not necessary to close the account. I'd
> leave a few dollars with ING in case things change in the future.
> 
This is what I do too. Leave a few bucks in ING. I moved the bulk of my 
cash to EmigrantDirect (5.15% currently), which has been offering great 
rates for a few years now. They also have an interesting (= strange) CD 
offer with the same rate regardless of term.

There are many alternatives:
http://www.parchayi.com/2006/08/15/savings-rate-shootout/