ING savings accounts

[phreaqe]

Anyone here use the ING savings accounts. the 4.x interest rates seems really nice compared to m .35% interest rate on my current savings account. It seems like there has to be a catch for the rate to be so high? am i missing something or are these as good as they look. are there any other places i should look at that are better? any advice is appreciated.

Looking at the fatwallet discussion it just lists different places that have accounts for this kind of thing but i want feedback from people who used them whether they are a good idea and if there are any catches i am missing. Thank you.

 

[Spooner]

have used ING for a few years. 0 complaints.

there are other palces that can get you higher rates i think but ING is extremely easy and reliable

 

[Cal166]

They are fine, I have been with them for the past two years. Their rates are lower than others, they used to be very competitive.

 

[TwiceOver]

Does the job, auto savings is great. as for the APY. Like all interest, unless you got a boat load of money in there, you won't really notice it.

 

[phreaqe]

Originally posted by: Spooner
have used ING for a few years. 0 complaints.

there are other palces that can get you higher rates i think but ING is extremely easy and reliable

thats good to know. i will take a slightly lower interest rate for a company that will be reliable and have good customer service and whatnot.

 

[AmpedSilence]

lately there rates have gone down compared to other online savings banks, but i have found they are incredibly easy to use and the interface is very easy to use and laid out well.

 

[Dacalo]

ING is good, customer since 2001. Moved money to Emigrant Direct though a couple of years ago, since they provided better rate.

 

[phreaqe]

Originally posted by: Dacalo
ING is good, customer since 2001. Moved money to Emigrant Direct though a couple of years ago, since they provided better rate.

how have they been. i would consider a company other then ING if there is another company who is as good as them with better interest rates.

 

[overst33r]

I recently made an HSBC savings account. No complaints thus far...

 

[FoBoT]

they are good if you have money

 

[Dacalo]

Originally posted by: phreaqe

Originally posted by: Dacalo
ING is good, customer since 2001. Moved money to Emigrant Direct though a couple of years ago, since they provided better rate.

how have they been. i would consider a company other then ING if there is another company who is as good as them with better interest rates.

No problems at all. I had to call them a couple of times and they were very helpful; minimal wait times if at all and they seem American (the CS reps).

The interface isn't as well laid out like ING but is still very competent.

 

[Miramonti]

Only complaint is no wire ability, otherwise have been very comfortable with them for a few years.

 

[fallenangel99]

WAMU is another option, 4.75% APY. A positive is that you can use WAMU ATM to withdraw $$ from savings

 

[PimpJuice]

Originally posted by: phreaqe

Originally posted by: Dacalo
ING is good, customer since 2001. Moved money to Emigrant Direct though a couple of years ago, since they provided better rate.

how have they been. i would consider a company other then ING if there is another company who is as good as them with better interest rates.

I'll also recommend EmigrantDirect. I chose them for their better rate, and have 0 complaints so far in the 6 months I've used them.

 

[PingSpike]

Anyone used FNBO direct. I'll have to look up WAMU.

I was gonna go with etrade, but I'm not sure the tiny amount of extra interest is worth the tiny potential hassle of having to go through FDIC or something to get my money if the company folds.

 

[Capt Caveman]

I have both ING and Etrade savings account. I prefer Etrade for the int rate (5.05%) and interface.

 

[maddogchen]

Originally posted by: fallenangel99
WAMU is another option, 4.75% APY. A positive is that you can use WAMU ATM to withdraw $$ from savings

I use WAMU and it seems pretty good so far. We've been through 2 rate cuts and after the first one it took them a long time to knock it down from 5% to 4.75%. Still waiting for it to drop a bit more. But a lot better than ING and others which knocked theirs down fast.

 

[RaiderJ]

I just use the ING Direct Checking Account and have been very happy with it. Slowly switching to it from my local bank which offers almost 0% interest rate.

 

[SSSnail]

ING is great, no transfer fees. You can circumvent certain wire transfer fees if you happen to have bank accounts in different countries, using ING. There's a bit of a delay, but you'll get your money.

 

[edro]

I have had INGDirect Orange Savings for about 6 years now.
It has always been sleek, simple, easy and fast.

The interest rate has been lower than many other online only accounts in the last few years.
(Etrade, Immigrant, Citi, etc all have higher yields)

I don't see the point changing for half a percent per year.

ING is great.

 

[jme5343]

I opened an ING Savings yesterday. They had a promotion where you get an extra $25 if you deposit $250 or more. I couldn't use my PO Box, so I called and the rep answered immediately, was very helpful, and American. Money should draw from my B&M bank account tomorrow.

 

[imported_Imp]

Takes a few days to transfer money from one account to another, so you're screwed if there's an emergency. I lost $3.50 a few months back cause I stupidly forgot about an autotransfer I set up that put me below the "service free refund" limit. Took me a few days to replenish my placeholder money (I hate major banks, damn you convenience).

 

[Sureshot324]

There's no catch to having rates that high. Your regular bank is scamming you by having rates so low.

 

[TheTony]

Originally posted by: Sureshot324
There's no catch to having rates that high. Your regular bank is scamming you by having rates so low.

They're also paying for overhead, including physical offices and associated infrastructure costs. Online banks generally avoid this cost, some of which they pass on to account holders.

 

[phreaqe]

well thanks for all the responses so far. it seems like ING is not a bad way to go and neither is the EmigrantDirect. i will look into both and most likely use one of those. you guys are great. thanks