Sunday, February 26, 2006

Disloyal customer

I have two internet bank accounts over here. The first one is with ING Direct. When I first signed up, they paid out 5.25% interest. Shortly after, that was raised to 5.4%.

Then along came another bank,
Bank West, which started a similar account giving account holders 6% for the first year and 5.5% thereafter. So I signed up and shifted all my savings over. That first year has just recently expired and it is now down to 5.5%. Still marginally higher than the 5.4% of the ING Direct, so I stayed put.

ING Direct sent me a letter saying all deposits from now till the end of May will be earning 6.4% (6.4%!!! Compare that with the 0.5% kah moh you are getting in Singapore :P) up till the end of the same period. The 1% extra is like some sort of bonus, I suppose. Anyway, that means I am shifting all my money back to ING Direct this coming Monday.

I am a disloyal customer. HA HA HA.

47 days to go.

P.S. kah moh = leg hair in hokkien


Blogger Little Miss Drinkalot said...

I thought that just means you are a savvy, price elastic customer??? Heh.

Sun Feb 26, 07:23:00 pm 2006  
Blogger Acey Deucey said...

That's the nice way of putting it, LMD. *Grin*

Indeed, with many other goods and services, I am quite a loyal customer. For example, I've been getting my haircut at the same place in Singapore for like 12-15 years liao.

Sun Feb 26, 07:40:00 pm 2006  

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