Completely online banks.. Are they safe? Which one do you use?

[The Wildcard]

Where does it advertise that you get $25 for opening a CD account with ING Direct?

 

[caitlion]

Originally posted by: The_Wildcard
Where does it advertise that you get $25 for opening a CD account with ING Direct?

i believe its just savings actually.. but i think you have to have a savings account in order to open a cd account.

 

[edprush]

Originally posted by: ProUser
I use Presidential bank 2.75% interest, and ING 2.0% interest.

Both have been incredible thus far.

Why use two account if Presidential Bank pays better interest?

 

[edprush]

Originally posted by: MogulMonster
I have an ING savings. Got $75 for opening the account, and I have had no problems.

Where the heck did you find the $75 promotion?

 

[mdcrab]

First Union

 

[caitlion]

Originally posted by: edprush

Originally posted by: ProUser
I use Presidential bank 2.75% interest, and ING 2.0% interest.

Both have been incredible thus far.

Why use two account if Presidential Bank pays better interest?

because ing is 2% with any amount of money. presidential has a minimum balance to get the 2.75%... i checked when i saw that cause i was gonna get a presidential account if the interest was higher.. but im too poor.

 

[ProUser]

Originally posted by: edprush

Originally posted by: ProUser
I use Presidential bank 2.75% interest, and ING 2.0% interest.

Both have been incredible thus far.

Why use two account if Presidential Bank pays better interest?

Presidential bank is 2.75% interest for up to the first $25k, after that it falls to 1.75% or something like that. I don't think there is a minimum amount you have to have at Presidential for those rates, but you do have to have direct deposit enabled for something like $200 or $300 a month. So, if you have a job you pretty much meet the minimum requirements.

 

[ski2slow]

I use NetBank myself. Just check with FDIC to make sure your account will be insured.

 

[Dacalo]

I have been with Ingdirect for almost 3 years now and no problems.

I have a savings and a CD with them.

 

[SoyBoy004]

Originally posted by: minendo
I use INGDirect only because I got $50 free for signing up.

me 2

 

[RossMAN]

Originally posted by: tk149
I have a savings account at Ing @ 2.00%....and I work at a B&M bank! :Q

You do have to be careful. I've seen notices about some online banks claiming to be FDIC insured when they're not. Any questions, check www.fdic.gov. There's a link there to check if your bank is FDIC insured.

Excellent advice.

GiantBank.com appears to be FDIC insured but their web site sure does suck.

I am going to check out this Presidential Bank.

 

[astroview]

Go use First Internet Bank of Indiana. I love it. I get interest on my checking account. Reimbursed up to 6 dollars on ATM fees per month. No fees if your account is above 500 dollars.

I once had a cash deposit stolen from me at a Keybank ATM, and First Internet of Indiana credited the $200 dollars to my account. I can't say a single bad thing about them.

 

[Davegod75]

ING looks good...

any current promotions??

 

[Armitage]

Originally posted by: Murphyrulez
I use ING for my savings account only, and I use First Internet Bank of Indiana for my checking account. Free checking, they re-imburse you the ATM fees you get charged, checking account has interest on it. We have had it for over 4 years now, no problems ever... www.firstib.com

I've been using FirstIB for several years now also, with no problems at all. Free electronic bill paying also, which I use extensively.
Their old interface was much nicer though IMO ... they redesigned the site about a year ago.

 

[Nitemare]

Originally posted by: Davegod75
ING looks good...

any current promotions??

If someone refers you you get 25 and they get 10

I signed up for the 50 and no referal about 6 months ago.

 

[RossMAN]

Originally posted by: Davegod75
ING looks good...

any current promotions??

Someone refers you, they get $10 and you get a free $25 bonus.

How much are you initially investing?

 

[Davegod75]

lots

 

[edprush]

Presidential Bank looks good on 'paper' but I've never heard of them before.

Anyone got the guts to put $$$ in their coffers?

 

[RossMAN]

Originally posted by: edprush
Presidential Bank looks good on 'paper' but I've never heard of them before.

Anyone got the guts to put $$$ in their coffers?

There's no need to.

They are FDIC insured just like local banks in your area.

They have been rated the #1 checking account by at least 4 publications.

2.75% on a checking account is amazing. After I get my $150 free bonus from CitiBank, I'm switching to Presidential's Internet Plus checking acct.

 

[edprush]

I wonder why the 2.75% Presidential account states "Internet Checking PLUS account requires an electronic monthly deposit of $200 or more from payroll, annuity, pension, or a business account."

Why wouldn't they allow electronic monthly deposits from personal accounts?

 

[QueHuong]

What's the average rate of inflation? I'm wondering if 2% for savings is really all that much. I only have $300-400 on hand, where should I put that?

 

[abracadabra1]

Does anyone have ING $25 referral by any chance?

 

[minendo]

Originally posted by: abracadabra1
Does anyone have ING $25 referral by any chance?

YGPM.

I could use the referrals to sponsor http://pics.apartment808.com.

 

[RossMAN]

Originally posted by: abracadabra1
Does anyone have ING $25 referral by any chance?

Yep right here

 

[abracadabra1]

Originally posted by: minendo

Originally posted by: abracadabra1
Does anyone have ING $25 referral by any chance?

YGPM.

I could use the referrals to sponsor http://pics.apartment808.com.

Thanks minendo and Rossman.