I am considering opening up a joint ING Direct Orange Savings Account. I have done my research on their website and would like to hear from a few people who have this account with ING online and could tell me a little bit about any hidden "catches" this account may involve...It sounds way too good to be true with no hidden fees, FDIC insured, no minimum balance and such a great yield of return, etc...
2007-02-21 11:41:06 · 5 answers · asked by neversaynever888 1 in Business & Finance ➔ Personal Finance
No catch at all. You can also have open a checking account and they send you a debit card also. Even if you can you can email me and i will send you a referrel which will give you 25 dollars just to open if you open with 250+..and i will get 10:).. The savings is 4.5 and the checking changes depending on the amount you have in there. You can also open mutual funds in like 2 secs and they have great cds!!
2007-02-24 04:38:10 · answer #1 · answered by Allstars 2 · 2⤊ 0⤋
No catches that I know of.....have some family I have recommended this and they are satisfied. Here's the thing. This is one of those online only banking things. Unlike conventional banks who are brick and mortar with people or higher overheads and expenses, these online places can afford higher returns for your savings. Also suggest you look at HSBCDirect.com and EmigrantDirect.com. Same thing as ING. Good places to park your money and max returns. And, if you need the money, can transfer funds to your active account at local traditional bank painlessly.
2007-02-21 20:01:58 · answer #2 · answered by philsky 2 · 0⤊ 1⤋
its good expect that if you change banks (the ones linked
to your ING account they requried a check (a preprinted check
Not a starter check)from that bank if you dont write checks
a hassle..
but if already have a checking account and stay with that
bank thats easy..
also make sure you keep it active if theres no activiy in the account for over 6 months they close it for you
2007-02-23 21:19:10 · answer #3 · answered by mobilemark 7 · 2⤊ 0⤋
Well, it's safe enough but the interest is not good (although decent for that type of savings), that's a very conservative investment of your money, just keeping pace with inflation. It's one way, but certainly shouldn't be your only mode of savings.
2007-02-21 20:37:21 · answer #4 · answered by The Scorpion 6 · 0⤊ 0⤋
I opened an account with them. They do not have to pay a bunch of tellers and for buildings on every block. Although they do pay 4.5% they lend it out and invest it and make back more than that.
2007-02-21 19:49:02 · answer #5 · answered by Aldo the Apache 6 · 0⤊ 0⤋