Savings Account

[amicold]

Looking to set up a savings account, dumb as it is I've never had one. I was wondering what other people use as I'm looking for something I can take care of at home online. Anyone have experience with ING?

 

[Zugzwang152]

ING is good. Though if you have a large chunk of change, other places will provide a slightly better interest rate.

 

[amicold]

Nope I don't, still very young, haha.

 

[PhoenixOrion]

ING, EmigrantDirect, e-savngs citibank

seem to be popular among the crowds

 

[Mutilator]

Never had a problem with my ING account... other than not having enough $$ in it.

 

[edro]

I have had ING for 5 or 6 years now and I love it.

It is what it is. Simple savings.

I have a portion of my paycheck direct deposited into it weekly, and rarely touch it.

When I need money from it, I initiate a transfer to my linked checking account, and 2 days later, it is transferred.

Simple signup, simple website, high interest rate (compared to brick and mortar banks).

I can't complain.

Contact one of the members here on ATOT (me? ) for a reference link to get free $25 when you signup. (we get $10 free for referring you) I think there is a minimum $250 deposit to get the free $25 though.

 

[Otaking]

Thanks, this reminds me that I need to start transferring over money from ING to Emigrant so I can use the higher interest rate.

 

[Kirby]

Our interest rate is 1%, so if you got a good chunk of change put it in a CD, which is around 4% or 5%.

 

[K1052]

I have several ING savings accounts set up for property taxes and cash reserves.

Their interface is really easy to use and they are efficient. I could score another .5% in interest elsewhere now but don't feel like going through the trouble to redo everything.

 

[SoulAssassin]

FNBO Direct is 6% until 9/28 and 5.25 after. Everyone else and their mother (Emigrant/HSBC/Citi) is between 5.05->5.25 except ING which is slacking hard around 4.5 or 4.6.

 

[Tommouse]

Originally posted by: SoulAssassin
FNBO Direct is 6% until 9/28 and 5.25 after. Everyone else and their mother (Emigrant/HSBC/Citi) is between 5.05->5.25 except ING which is slacking hard around 4.5 or 4.6.

Wow I didn't know about FNBO, I just opened an ING as well. I guess I will wait and collect my $25 then close it out and move it to FNBO.

 

[mitaiwan82]

I've had good experiences with ING and Emigrant Direct

 

[zerocool1]

Originally posted by: nkgreen
Our interest rate is 1%, so if you got a good chunk of change put it in a CD, which is around 4% or 5%.

many of these online savings accounts give around 4.5 such as ING or HSBC, Emigrant

 

[Kev]

hsbc direct has the highest interest rate i believe. that's where all my money is.

 

[crownjules]

I love my fat 5% at Citibank E-Savings. But don't expect savings rates to always be this high. When I first opened my account 2 years ago, the rate was a mere 2.3%. When they start getting that low, you're better off investigating alternative options to build your savings.

Things like CDs and money market accounts, which are only marginally better if not worse then ING/Citi/Emigrant/etc will maintain the same rates and appear much more attractive at that time. When that happens, you should only keep enough in a savings account to support yourself for a couple of months and the rest in those.