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xxweekxx · 08-22-2008, 02:43 PM

Quote:

Originally Posted by sharphead

Actually at the bottom it says:

Interest is calculated daily and paid monthly.

So is this really a 36% APR? Wait.. what?

http://www.ingdirect.ca/en/save-invest/isa/index.html

no sir..

its paid DAILY but its still not 36%/yr..

Basically with ING im getting 4.5%per annum now, so say i have 10k in there, they'll pay me $450/YR, which divided per day comes out to $1.20/day.

Make sense?