Capital One Acquires ING Direct, Will ING Direct’s Savings Account Rate be Lowered?

Capital One beat out GE to buy ING Direct. Capital One bought ING Direct yesterday for $9 billion. Last week we reported that ING was in talks with both Capital One and GE about acquiring ING Direct.

The question now is will Capital One lower, raise or leave alone ING Direct's savings account rate of 1.00%. Capital one Direct Banking currently has an savings rate of 1.09% and a yield of 1.10% on their InternetPlus Savings account. I believe they will leave the ING Direct savings rate alone at 1.00% for now.
Author: Monica Harris
June 17th, 2011