Speaking of online banking, does anyone have any feedback about the online savings account. Like the ING Orange Savings account. I am thinking about setting one up but I would like to hear from someone who's done it

How things change!

I LOVE online banking AND I pay MOST of my bills online. Since the Post Master is forever increasing the rate of postage, I will be going 100% with paying my bills online.

lol--I use it quite a bit, too. It makes things so easy, and the new security measures are reassuring.

I have a savings account with ING. I really like it. It's linked to your checking acount, but you control how much you want taken out and how often. Right now I get $20 taken out the 1st and 15th of every month. You can choose to have your statement sent to you by regular mail or email. They also tell you how much interest has been paid. Makes it easy when it comes to filing taxes at the end of the year.

The only down side is that if you need to take money out, it takes 2-3 business days for the money to post to your checking account.

I LOOOOOOOOOOOOOOOOOOOOVE ING Orange Savings. I was able to get some great CD rates before people realized that the economy had tanked, so I'm making far above the national average. Even now, you can get good CD rates through ING.

As for the savings, I have it set up to automatically transfer from my checking account on a bi-weekly basis (i.e. when my e-paycheck hits the bank).

The only thing about ING savings is that you have to be sure of how much money you're able to deposit at a given time. It can take a week to get the funds released back into another, more fluid, account. But, if you're good with money, it's a great option.

There are other services that can get you higher rates at times, but through trial and error, I have found ING direct to be the most consistent, secure and user-friendly service.

Great minds... :D

I love online banking as well. I think its been years since I've set foot inside a bank lobby.

I love my ING accounts. I have a checking, and a savings account with them. I also like the fact that they offer CDs with good rates, as well as the ability to invest through their partnership with Sharebuilder. For beginning investors like myself, they have a great deal of information on the ins and outs of investing in the stock market, etc.

I have been doing online banking since my bank started charging for visiting a teller and charging a fee each month. Granted its only $6 but that adds up over time! I am interested in the IDA (individual development accounts). Anyone have info about those?

umm. what bank you use that charges a teller fee?!

I've had an ING account for at least 5 years now. The interest rate is great (it's been more than 4% for what seems like forever). The only drawback is that you have to wait usually a couple of days to get any money as it has to transfer to an account from which you can retrieve cash directly. You might want to place a small amount of emergency money into that account but put the bulk of the money that you won't need to access w/in a day or so into ING.
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I use my online banking daily in order to check my balance and keep up with my transactions. I transfer between savings/checking, too. I don't pay my bills from it, but it has been very beneficial to me. I find it very easy to pop in and out when I need to check on transactions.

Im not really good with finances, but I need to start somewhere and I thought this would be a good option. Thanks for the feedback. Im excited about it now. :p

My credit union has had online banking for years now. However, they have added mobile banking in the last 2 years. I can either call or go online on my PDA which is very convenient.

I have thought about ING but haven't done anything about it yet, especially since they are US HQ right here in DE.

You're welcome Titan! It may also help you to set up the ING account such that money transfers automatically from one account into your ING account a couple of days after you get paid or at whatever frequency you deem suitable. I have this setup and I don't even think about the transfers. It basically saves automatically for me.
Good luck!
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