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Ingdirect.com Online Bank

I had my 401k there with the old company, I hear they are good but I never used their savings.

Question is...who's the next Bank giant to swallow them up.
 
Not bad.


View a short demo to learn how the Orange Savings Account works.

High interest, no fees, no service charges, no kidding.
With an Orange Savings Account, you earn a variable 3.00% Annual Percentage Yield (effective 03/19/2008) with a level of flexibility, freedom, and security you simply won't find at other banks. And because your account is FDIC insured, your account is secure.

No required minimum balances.
There is no minimum balance required to open your Orange Savings Account, and you don't have to keep a specific balance in your account to qualify for a high interest rate. No matter how much you have on deposit, the rate is still 3.00% APY.


No fees. No service charges. No penalties. No hidden costs.
ING DIRECT's Orange Savings Account won't burden you with fees or service charges. Period. So you earn high interest on your money.

24-hour access to your account, and you don't even have to change banks.
An Orange Savings Account makes your money available to you whenever you need it. If you have an Electric Orange, you can transfer any or all of your available balance from your Orange Savings Account into your Electric Orange and have it instantly available for debit card or check purchases and payments. When you open your Orange Savings Account, it is automatically linked to the checking account used for your initial deposit. You can make deposits or withdraw funds by transferring money between your accounts online, through our Interactive Phone Service, or by speaking with an ING DIRECT Sales Associate.

Pay Yourself First!
The Automatic Savings Plan allows you to automatically have a fixed amount of money regularly transferred to your high interest Orange Savings from your linked checking account. You will be saving your money effortlessly and will have money for a rainy day or to achieve your dreams. You can either call us or set up your Automatic Savings Plan on this website. You specify how much money you would like transferred, and how often you would like it moved. This is the simple, easy way to really grow your Orange Savings Account.

Start making more money on your savings right now.
You don't have to switch your bank; simply activate your Orange Savings Account today and start earning interest that will actually amount to something. While your APY may change at any time based on market conditions, you are assured high interest with an ING DIRECT Orange Savings Account day after day.

To apply online or download an application, simply click on the "Open an Account" button on this web site and follow the easy instructions. Or you can call 1-800-ING-DIRECT to request an Orange Savings Account Application, which you can complete and return by mail.

Safe and Secure - FDIC Insured
Your deposits at ING DIRECT are FDIC insured up to $100,000 per depositor. Keep in mind that individual and joint accounts are insured separately, so if you have both types of accounts with us, your total deposits can be insured up to $200,000; that's up to $100,000 in all of your individual accounts, and up to an additional $100,000 in all of your joint accounts. ING DIRECT's FDIC certificate number is 35489. You can learn more about the FDIC at their website, FDIC: Federal Deposit Insurance Corporation. We are registered with the FDIC under the name ING Bank, fsb.
 
I just want to make sure my money will be safe, I like the free $25 they're offering and 3% return on the savings account, can't beat that.
Don't go over the $100,000 FDIC limit and you'll be fine....
 
I have 2 accounts with them for about a year,
never had any problems and customer service is quick to answer any questions I have had.
Hope this helps.
 
I have 2 accounts with them for about a year,
never had any problems and customer service is quick to answer any questions I have had.
Hope this helps.

I second the customer response, it is good.
 
FDIC wants to raise deposit insurance limit
WASHINGTON (Reuters) - The chairman of the House Financial Services Committee has told lawmakers that a federal bank regulator will seek authority to increase the deposit insurance limit to a level above its current $100,000, said a source familiar with the chairman's thinking.

ADVERTISEMENT

Representative Barney Frank, a Massachusetts Democrat, has told lawmakers of his committee that Sheila Bair, chairman of the Federal Deposit Insurance Corporation, will soon request the authority to boost the level of insured deposits, the source said.

Presidential nominees Barack Obama and John McCain both proposed an increase in federal deposit insurance to $250,000 from $100,000 as a way to broaden support for the bank asset bailout bill rejected on Monday by the U.S. House of Representatives.

Those efforts come a day after the House rejected a $700 billion Wall Street bailout, sending stock markets plummeting.

The FDIC insures up to $100,000 per deposit account and up to $250,000 per retirement account at insured banks. The agency's insurance fund stood at about $45.2 billion at the end of the second quarter and has taken a hit from bank failures in recent months.

(Reporting by Patrick Rucker and Karey Wutkowski; Editing by Chizu Nomiyama)
 
I don't know about ING, but HSBC Direct is sitting at 3.25%. I've banked with them for 10+ years at this point and have had very few problems and never anything that they weren't willing to fix on their dime.
 
I don't know about ING, but HSBC Direct is sitting at 3.25%. I've banked with them for 10+ years at this point and have had very few problems and never anything that they weren't willing to fix on their dime.

is there a minimum to get the 3.25%?
 
I'm not sure I can meet that requirement.
 
will you guys donate to my savings account? :)

why not use e trade? their checking is awesome, and they credit you back for every atm you use
 
Hey folks - my first post here (I have been lurking to try and learn some things before asking dumb questions) - take a look at checkingfinder.com. It lets you look for banks that offer really good returns on checking accounts. I was looking at moving to one here in Texas that paid 6%.

*edited to add* The site uses certain qualifications for a bank to be on there. I think a big 2 is that the rate can't be an introductory rate and they have to refund all ATM fees.
 
why not use e trade? their checking is awesome, and they credit you back for every atm you use

I do all of my personal and business banking through Wells Fargo, been there for over 12 years now, I am just looking for a safe, high yield savings account, don't want any risk, don't need checking, don't want it locked into a CD, etc.
 
I do all of my personal and business banking through Wells Fargo, been there for over 12 years now, I am just looking for a safe, high yield savings account, don't want any risk, don't need checking, don't want it locked into a CD, etc.
Just out of curiosity, do you move your money out of your savings a lot?

There are online CDs you can invest in with short maturity rates. I got a 4.25% APY CD with only $1,000 minimum requirement and 8 month maturity rate. After WaMu was acquired by JP Morgan, they came out with a 5% APY CD with $1k min and 1 year maturity.
 
Just out of curiosity, do you move your money out of your savings a lot?

not really, but I need a safe spot to put a pretty big chunk of cash for a short period of time, I may need the cash in 3-6 months time, so I don't want a CD.
 
not really, but I need a safe spot to put a pretty big chunk of cash for a short period of time, I may need the cash in 3-6 months time, so I don't want a CD.

Send it to me, I'll keep it safe. I promise. :D
 
i will echo etrade.com
i have used them for over 3 years. i have both high-yield checking (with debit card for emergency use) and savings. Both are over 3% with no fees. they are both FDIC, with other insurances for up to 250K. details on their site.

whether you use ING or etrade or whatever, remember the downside is (as compared to your local bank) that it takes roughly 3 days to get money IN and OUT of the accounts. Locally is instant, but you get better rates online.
 
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