ING Direct Review
I’ve now been an ING Direct customer for nearly a year. The verdict?
Hands down the easiest online savings account I’ve ever had.
Yeah, not the best rate in the world. The reality of most online savings accounts now is that yields are just awful.
Better than ING Direct
A much better alternative to ING Direct or any savings account is Lending Club. My average earnings rates is just over 9% now, and the investment is liquid. I’d strongly encourage you to check it out.
Orange Savings at ING Direct
Transfers take 2 days. I get a simple statement each month in the mail. Their security is sometimes annoying, but that means they know what they are doing when it comes to protecting my online account.
My Orange Savings account at ING Direct is currently earning 1.5%. Beats the heck out of a bank savings or money market account any day of the week.
Sharebuilder too
ING also owns another one of my favorite companies, Sharebuilder. Although I do my brokerage trading at Zecco.
More than just savings accounts
ING Direct offers more than just savings accounts. They offer great rates on CD’s (Certificates of Deposit), Mortgages, even checking accounts.
ING Direct is an online financial institution that prides itself on offering incredibly low rates for customers. Because they are an online store, they do not have the burden of high overhead or operational costs. By reducing expenses in buildings, utility bills and the expense of operating retails stores, they can pass the saving onto you.
The company made history when years ago they offered an online savings account. At the time, a fully online bank account was unheard of and gave ING Direct a critical position in the banking industry. By taking the risk of offering online banking services they were able to promote their company at a very efficient rate. Many traditional banks caught on and has evolved into virtually every bank worldwide providing online banking services.
ING Direct offers various account options that a traditional bank would offer. They have an e-checking account, Electric Orange, which has a very high interest rate compared to other competitive retail banks. They also offer an online savings account that doesn’t charge fees for anything. There are no minimums and holds with one of the best interest rates. Customers may also acquire a mortgage with ING Direct through a simple process over the internet and phone. They offer incredible deals for customers seeking to refinance their existing mortgage.
ING Direct and ShareBuilder have recently merged, giving greater influence in the stock market arena. This new addition allows customers to purchase, trade or sell stock at a very cost-effective rate. The program also educates customers on making wise and educated decisions when it comes to their investments.
The company is backed by the NYSE as ING and is a member of the FDIC, insuring all deposits up to $250 thousand dollars. ING Direct has its roots in a Dutch bank which is currently providing insurance, banking options and asset management to millions of clients worldwide. ING Direct is the bank of many corporations and personal accounts alike. They have a proven track record in over 50 countries providing top of the line customer service and financial assistance. The company has been in the US for over one hundred years with great security and ability.
The main hub in the US in located in Wilmington, Delaware employing thousands of people. They also have multiple mini-locations termed as “cafés” that help promote the products and services and allow individuals the opportunity to ask questions and converse with live consultants. ING Direct has over six and half million customers in the US and serves over fifteen million worldwide.
ING Direct has revolutionized our modern world in terms of virtual banking. They gave the power back to people by removing outrageously priced overhead expenses and passing the savings on to the customer. ING Direct is committed to saving you money. You can visit them online at ingdirect.com for more details and current interest rates. There’s no better time than now to save a few extra bucks and earn higher interest rates with a high-yielding savings account.
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Could you send me some more info about ING, what would be the benefit of opening an account at ING?