Citizens Bank Ultimate Savings Account rate now at 3.8% | Citizens Bank | Discussion forum

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Citizens Bank Ultimate Savings Account rate now at 3.8%
August 5, 2007
12:55 am
Peter
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May 15, 2007
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For the first time ever, Citizens Bank has raised its Ultimate Savings Account rate proactively -- not in response to ING Direct! Historically, Citizens Bank had been keeping its rate 0.05% above that of ING Direct's. Granted, ING Direct has a promotional rate of 4.25% on any new balances for the next few months, but its regular rate is only 3.5%.

August 8, 2007
11:05 am
Leah
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Wow! That's so surprising! It looks like ING is going to have a lot of competition.

August 13, 2007
12:30 pm
Peter
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I just got an e-mail from ING Direct saying that its rate will go to 3.75% starting on September 1, 2007. Looks like someone at Citizens Bank had some inside information, as its rate will be, as always, exactly 0.05% higher than ING Direct.

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