2006-09-11 08:12:26 · 8 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
I've used them for almost 6 years now I guess, something like that - never have I had one problem with them. The savings rates are great, zero fees. I also have a few CD's with them, which I am overall pretty happy with. The one thing is access, if you needed emergency access to funds in your savings account, it might take a few days.
2006-09-11 08:19:19 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Do not put your life savings all in one place or investment. Use diversification. Find out how much you need in cash reserves and use ING for that. Usually it's about 3-6 months of income, depending on the disability policies you have in force besides social security. Put the rest of your life savings in equities, bonds, and/or real estate. Take 110 and subtract your age. Put that percentage in equities, including a mix of international companies, mostly large cap but include some mid and small cap. (Capitalization can be found easily with research, greater than 5 Billion is large, between 1 and 5 Billion is Mid, and the rest is small but stay over 50 million, and keep that about 5% (its more risky). The rest goes in bonds or bond funds. Mutual funds could play apart in it. Use some money to get Long Term Care Insurance so if you need home health care when you get older it doesnt eat up all your life savings. Can ING do all that for you?
2006-09-11 17:42:19 · answer #2 · answered by rob 2 · 0⤊ 0⤋
ING is a huge company and I have some of my investments with them. If think they are reputable and stable.
The problem with ING is, they pay lousy interest so they are only worth dealing with if you need safety more than income.
There are many good investment funds... talk to the brokerage service at your bank or at a brokerage service recommended by your banker.
2006-09-11 15:18:47 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I have an account with ING and am very pleased with then. I also have a couple accounts with Allianz and I am more pleased with them. They have several ways to invest and are guaranteed not to loose anything. How ever neither is FDIC protected. Do your home work and make sure about early withdrawal penalties.
2006-09-11 15:29:31 · answer #4 · answered by stephenl1950 6 · 0⤊ 0⤋
It depends what your expectations for your Rate of Returns, threshold for risk, liquidity requirements, etc.are. However, ING has traditionally provided higher returns than regular U.S. bank savings and checking accounts, and higher than money market funds.
2006-09-11 15:17:22 · answer #5 · answered by mr. answerman 2 · 0⤊ 0⤋
Considering I know so much about you, I'd say it is perfect for your situation.
ING is a fine financial institution with a variety of financial products.
2006-09-11 15:48:47 · answer #6 · answered by derek 4 · 0⤊ 0⤋
sounds good to me but i would talk to a professional
2006-09-11 15:17:44 · answer #7 · answered by Anonymous · 0⤊ 0⤋
i'd go with emigrant direct.. 5.15% apy
ing direct is at 4.40% apy
2006-09-11 16:18:31 · answer #8 · answered by do it movin' 1 · 0⤊ 0⤋