Originally Posted by Kyle
How come ING Direct Canada's rate's so much lower...
Both CAD and USD are currently 2.75%
And ING Direct Australia pays 5.4%. ING pays a rate that is competitive with interest rates locally.
But before you start sending your dollars to Australia, realize that ING Direct Australia requires that you link their account with a conventional AUSTRALIAN bank account. To open an Aussie bank acct. you don't need to be a citizen or resident, but you need to make your initial deposit IN PERSON! And ING Direct requires an Australian Tax File Number.