Is ING Direct Safe?

Kenji4861

Banned
Jan 28, 2001
2,821
0
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ING Direct sounds too good to be true. How come their savings at 2.2%APR? And they are giving away money left and right for signing up or referring people to sign up.

I just put my money in there and I was advised by some peers that it can be dangerous.
 

Turkish

Lifer
May 26, 2003
15,547
1
81
Yes it is. I have more than $600 in there. Can I refer you? You get $25, I get $10 :)
 

Viper GTS

Lifer
Oct 13, 1999
38,107
433
136
Originally posted by: Kenji4861
Originally posted by: Ketteringo
100% safe and FDIC insured :)

Why 100% Safe?

Because it's FDIC insured.

It's every bit as safe as your local bank, if not safer (no B&M = no physical security risks).

Granted that only lasts up to $100K, but still...

It's safe, don't worry about it.

Viper GTS
 

Vegito

Diamond Member
Oct 16, 1999
8,329
0
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been using it for over 2 years now.. as long as its FDIC insured, ur money is safe up to 100k.. so u can open multiple accounts up to 100k
 

Kipper

Diamond Member
Feb 18, 2000
7,366
0
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Originally posted by: Jgtdragon
The interest is awesome. If its FDIC insured its safe.

FDIC...one of the great things left over from the "New Deal." It's basically the insurance against a new Great Depression. I have 2K in ING.
 

Ameesh

Lifer
Apr 3, 2001
23,686
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its totally not safe, people have been loosing a bunch of money a recent rash of cyber crimes. i would not reccomend it.



ps if you need a refferal pm me. ;)
 

RossMAN

Grand Nagus
Feb 24, 2000
79,012
431
136
Kenji4861,

Yes it is 100% safe, FDIC insured and they are one of the largest financial instutions in Europe.

P.S. They also have an affiliate program :)
 

dionx

Diamond Member
Mar 11, 2001
3,500
1
81
yup, 100% safe. what kind of peers do you have that suggest it's dangerous? they are dead wrong, and are probably bad at money.
 

RossMAN

Grand Nagus
Feb 24, 2000
79,012
431
136
Guys, already hit him up for a referral.

He's already signed up though :(
 

KLin

Lifer
Feb 29, 2000
30,430
746
126
Originally posted by: Ameesh
its totally not safe, people have been loosing a bunch of money a recent rash of cyber crimes. i would not reccomend it.



ps if you need a refferal pm me. ;)

from morons getting phished?