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Interest Rates are Dropping

AJ | March 21, 2008 | 7:56 pm

For the second time this month the interest rate for my ING Direct Orange Savings account was reduced. The first reduction took place on March 11 from 3.40% to 3.10%. The latest reduction reduced that rate from 3.10% to 3.00% and that took place on March 19. I hope that the rate will at least stay here for at least a few months. However, that is going to be up to the Fed. My hope is that the dollar can start gaining some strength again.

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