for 12 month period then I can take the money out?
can some explain?
2007-11-30 04:23:26 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Yes you can.
They are like any other bank.
They just do not have the overhead of a lot of brick & mortars like many other banking institutions.
No set amount of time to keep your money in a regular savings account.
If you open a CD versus just a regular savings, you need to make sure you leave the money in there the FULL amount of time to ensure you do not incur early withdrawal penalties.
2007-11-30 04:32:13 · answer #1 · answered by Sandz 3 · 0⤊ 0⤋
You can use money from a savings account anytime. It's not like bonds or CDs that you must wait for. You could put money into a savings account, and then take it out the next day if you wanted to (but you wouldn't earn any interest that way.)
Some banks require you to keep a minimum balance in your savings account, but ING does not.
Just put your money there, let it earn interest, and use it whenever you need it.
2007-11-30 12:30:36 · answer #2 · answered by Stacia Z 3 · 1⤊ 0⤋
You can take the money out of a savings account at any time.
2007-11-30 14:16:12 · answer #3 · answered by Clown 3 · 0⤊ 0⤋
ING account is "linked" to a checking account you have. I got $25 from ING for opening an account several years ago. They pay a good intrest rate,when I have extra cash I will park it there,it is easy to transfer money.
2007-11-30 12:52:17 · answer #4 · answered by jim b 1 · 0⤊ 0⤋
You can take the money out after 7 days.
2007-11-30 12:45:22 · answer #5 · answered by Wayne Z 7 · 0⤊ 0⤋