I made 3 personal loans to a couple last year and I have been adding that interest to my $20 challenge. Well, last month he inherited a lot of money, so they paid me off. No more nice loan paying 4% interest.
So, I put that money into ING electric checking paying 1.25% interest. As is my luck, within days, the rate went down to 1.14%. However, it is still better than what I can get locally, even for a c.d.
I am still going to report the interest to my $20 challenge, however, it will be a lot less than it use to be.
Prev. total $3310.00
ING 61.00
new total $3371.00
ING interest
March 2nd, 2011 at 04:01 pm