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Thread: Miles For Banking
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Old May 20, 2005 | 1:22 am
  #72  
Ken in Phx
 
Join Date: Nov 2002
Posts: 920
Can someone tell me the benfit of using BankDirect? If I have 10k to invest in a MMA Bank Direct shows that their rate is .75%. INGDirect has a 3.0% rate.

Bank Direct
I would get (10k x .75% ) or $6.25/ month + 1,000 AA miles/mo

INGDirect
I would get (10k x 3%) or $25/ month + no miles

So the miles cost me .01875/mile? Is that a deal for AA miles?


Thx
Ken in Phx
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