ING has a 4% checking account

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spidey07

No Lifer
Aug 4, 2000
65,469
5
76
Why not earn an awesome rate on your checking account? Need to sign up for this

So the typical two months expenses in checking means you can earn hundreds every year. Free money. As long as it has a good online bill pay system, what's not to like? Unless you have a higher earning money market account with the same features.

Sorry, no link. This is a new thing for current account holders.
 
S

spidey07

No Lifer
Aug 4, 2000
65,469
5
76
Originally posted by: ChaoZ
Not convenient. For checking, that's all that really matters.
Click to expand...

?

You get everything you normally would with a checking account. Except physically writing a check which I haven't done for years. Free money is free money.

Ever check what the interest is from your bank's checking? Probably like 1% and a minimum 10K balance.
 
B

bobdelt

Senior member
May 26, 2006
918
0
0
who cares, my checking balance is always at a minimum, i keep the rest in a citibank e-savings at almost 5 percent, plus, i can always walk into a citibank if i have problems.

Does ING even have regular brances, ive never seen one?
 
S

spidey07

No Lifer
Aug 4, 2000
65,469
5
76
So looks like I'll keep 1000 bucks in my old checking account to get access to all the services (money orders, travelers checks, etc) and have a backup when I need extra cash. They might wonder why I'm not carrying a balance anymore though.

;)
 
IronWing

IronWing

No Lifer
Jul 20, 2001
72,332
32,874
136
Originally posted by: bobdelt

Does ING even have regular brances, ive never seen one?
Click to expand...

No. They have a handfull of cyber cafes in major cities where you can sip lattes and check your balances on their computers. It is the perfect bank; you never have to talk to anyone.
 
S

spidey07

No Lifer
Aug 4, 2000
65,469
5
76
Does anybody know where they stand in the financial powerhouse world in terms of managed assets/holdings? I know they are way up there.
 
IronWing

IronWing

No Lifer
Jul 20, 2001
72,332
32,874
136
Originally posted by: spidey07
Does anybody know where they stand in the financial powerhouse world in terms of managed assets/holdings? I know they are way up there.
Click to expand...

They are number eleven in the Forbes Global 2000 list of companies by size for 2006. As to assets/holding there is a link off Wikipedia that supposedly has the info but it is subscription only.
 
ponyo

ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
This would be great for me if it included business checking. I don't keep much money in my personal checking.
 
postmortemIA

postmortemIA

Diamond Member
Jul 11, 2006
7,721
40
91
Originally posted by: ironwing
Originally posted by: bobdelt

Does ING even have regular brances, ive never seen one?
Click to expand...

No. They have a handfull of cyber cafes in major cities where you can sip lattes and check your balances on their computers. It is the perfect bank; you never have to talk to anyone.
Click to expand...

I actually like to visit banks with pretty young bank tellers.
 
M

Minjin

Platinum Member
Jan 18, 2003
2,208
1
81
Originally posted by: spidey07
Originally posted by: Minjin
Pathetic.

5.25% for savings and 4.5% for checking with free billpay
Click to expand...

Something says "avoid at all costs" that site. Maybe I'm missing the inside joke. Is it based in Nigeria?
Click to expand...

The joke is ING. Presidential has been beating their rates for years. There are other banks that are currently beating Presidential but few have as much history of remaining at or near the top of the rate ladder.
 
postmortemIA

postmortemIA

Diamond Member
Jul 11, 2006
7,721
40
91
Better rates mean we're going to pay loans more. Of course we should go for higher interest rates in our savings, but those rates say loan rates are up too.
 
S

spidey07

No Lifer
Aug 4, 2000
65,469
5
76
Originally posted by: postmortemIA
Better rates mean we're going to pay loans more. Of course we should go for higher interest rates in our savings, but those rates say loan rates are up too.
Click to expand...

What it means is lock your rates NOW.

Invest and grow. 12% in the market is a lot better than money borrowed. Spend money to make money.
 
C

cubby1223

Lifer
May 24, 2004
13,518
42
86
Originally posted by: Minjin
Originally posted by: spidey07
Originally posted by: Minjin
Pathetic.

5.25% for savings and 4.5% for checking with free billpay
Click to expand...

Something says "avoid at all costs" that site. Maybe I'm missing the inside joke. Is it based in Nigeria?
Click to expand...

The joke is ING. Presidential has been beating their rates for years. There are other banks that are currently beating Presidential but few have as much history of remaining at or near the top of the rate ladder.
Click to expand...
No, the joke is that Presidential's website looks like it was done by a neighbor of mine fiddling around with Frontpage.
 
M

Mill

Lifer
Oct 10, 1999
28,558
3
81
I get 3.15% for checking. It goes up if I have more in it and tops out at over 4 and a half.
 
jupiter57

jupiter57

Diamond Member
Nov 18, 2001
4,600
3
71
It's a moot point now!
See the "How much did you lose on Black Tuesday" thread.
Clearly over 90% of ATOTers will be destitute by the end of the week, let alone worrying about keeping a checking account balance.
:roll:
 
P

Pollock

Golden Member
Jan 24, 2004
1,989
0
0
What do you guys think of using Citi's online savings (4.75%, but meh), and then transferring money to EZ checking when I need to use it?

Also, is ING's checking public yet or what?
 
R

RaiderJ

Diamond Member
Apr 29, 2001
7,582
1
76
Originally posted by: cubby1223
Originally posted by: Minjin
Originally posted by: spidey07
Originally posted by: Minjin
Pathetic.

5.25% for savings and 4.5% for checking with free billpay
Click to expand...

Something says "avoid at all costs" that site. Maybe I'm missing the inside joke. Is it based in Nigeria?
Click to expand...

The joke is ING. Presidential has been beating their rates for years. There are other banks that are currently beating Presidential but few have as much history of remaining at or near the top of the rate ladder.
Click to expand...
No, the joke is that Presidential's website looks like it was done by a neighbor of mine fiddling around with Frontpage.
Click to expand...

But they give you that nostalgic feeling using frames!
 
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