Online/E Banking

[SummerChild]

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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Originally Posted by titan257

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

[titan257]

Originally Posted by SummerChild

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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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.

[SummerChild]

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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Originally Posted by titan257

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.

[naturaldiscretn]

Originally Posted by mccoyred

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.

I have an ING savings account. You should really try it. I was skeptical at first and it took me a while to warm up to the idea of putting my money into a virtual bank. I finally tried it and I stand by that bank. It is very user-friendly, safe, and the interest rate is great. Like others have said, it is best for larger chunks of money or money that you don't intend to touch for a while since it takes 2-3 days business days for a transfer to take place. Oh, you can also break your money into smaller sub accounts. Within my own account, I have my money broken into 3 different sub accounts like "overseas vacation", "wedding", and "regular savings".

[AKA2D '91]

Those who have created the ING accounts, can you see a considerable increase in what you have in the account now versus when you started the account?

If so, how long have you been with ING?

[SummerChild]

Soror,
I can see a considerable increase as compared to what I would have if I had a regular savings account (or even a money market account, I think). It is 4% and is compounded monthly. By just having money sitting there and using it then replenishing, I usually earn at least $100 per year in interest, sometimes more.

Originally Posted by AKA2D '91

Those who have created the ING accounts, can you see a considerable increase in what you have in the account now versus when you started the account?

If so, how long have you been with ING?