HSBC or ING Direct? - Page 2

starshard0 · 09-23-2008, 11:43 AM

I opened an account with HSBC mostly so I could open up an offshore account once I saved up enough.

HGI08 · 09-23-2008, 02:27 PM

Bankrate is where I would start looking for a bank that fits my needs. You also have to remember how some of these banks can offer you high interest rates and that is by either being a large bank (ex: HSBC) or not having any brick and mortar locations (ex: ING). You could be sacrificing customer service at a large bank and convenience at an online bank so you have to weigh your options. Just something to think about...

Emily J · 09-23-2008, 02:44 PM

Quote:

Originally Posted by starshard0

I opened an account with HSBC mostly so I could open up an offshore account once I saved up enough.

Are off-shore accounts FDIC insured? Anybody knows about this?

starshard0 · 09-23-2008, 03:23 PM

Quote:

Originally Posted by Emily J

Are off-shore accounts FDIC insured? Anybody knows about this?

That's not really a concern at this point. I'm actually doing it in the anticipation that the FDIC will eventually go bankrupt itself.

jmarti22 · 09-23-2008, 07:35 PM

Quote:

Originally Posted by starshard0

That's not really a concern at this point. I'm actually doing it in the anticipation that the FDIC will eventually go bankrupt itself.

I didnt even know HSBC offered offshore accounts I need to look into this Thanks!

Simun · 09-24-2008, 05:46 AM

I've had an ING account for about three years now and haven't had any problems. The user interface is easy and getting data is never an issue. I recommend it

cc1 · 09-24-2008, 08:18 AM

Thank you all for your helpful comments!
I guess being able to make a deposit is what's really important, as well as being able to withdraw my $$ after it's reached my goal amount. I don't really want/need an ATM card; as this defeats my purpose.
A lot to think about...especially in light of the current economic situation of the U.S.

cc1 · 09-24-2008, 08:22 AM

Thanks for the link! I'm not totally sure I want/need an ATM card or checks, as I do not want to withdraw until I've reached my goal savings. It is however, nice to have this option available though.

Quote:

Originally Posted by alexmbt

Not sure if you have made your choice yet but I would recommend checking out this blog entry as it provides some good advice:

http://blog.choosebetween.com/2006/0...vs-ing-direct/

Also, a good point was made in the comment section highlighting thefact that ING does not offer checks or an atm card.

If you plan to have a checkings and a savings accoung don't you think it makes sense to have them at the same bank.

good luck

skeet · 10-29-2008, 07:02 PM

I use ING and I love it. I have never had any problems with it and I highly suggest you get it for a savings account. Withdrawing is not so difficult. You can simply link it with your checking account provider. (For me this is Wells Fargo)

Personally I prefer different accounts between checking and savings as this helps prevent me from dipping in the savings account when I want to treat myself.

09-23-2008, 02:27 PM	#12
HGI08 Junior Member Join Date: Sep 2008 Posts: 7 Thanks: 0 Thanked 0 Times in 0 Posts Reputation: (10)	Bankrate is where I would start looking for a bank that fits my needs. You also have to remember how some of these banks can offer you high interest rates and that is by either being a large bank (ex: HSBC) or not having any brick and mortar locations (ex: ING). You could be sacrificing customer service at a large bank and convenience at an online bank so you have to weigh your options. Just something to think about... __________________ -HGI www.feedingwealth.com

10-29-2008, 07:02 PM	#19
skeet Junior Member Join Date: Oct 2008 Posts: 13 Thanks: 0 Thanked 0 Times in 0 Posts Reputation: (10)	I use ING and I love it. I have never had any problems with it and I highly suggest you get it for a savings account. Withdrawing is not so difficult. You can simply link it with your checking account provider. (For me this is Wells Fargo) Personally I prefer different accounts between checking and savings as this helps prevent me from dipping in the savings account when I want to treat myself. __________________ Bailout People - Your Financial Crisis HQ

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09-23-2008, 11:43 AM	#11
starshard0 Senior Member Join Date: Apr 2008 Location: Monterey, CA Posts: 608 Thanks: 0 Thanked 1 Time in 1 Post Reputation: (12)	I opened an account with HSBC mostly so I could open up an offshore account once I saved up enough.

09-24-2008, 05:46 AM	#16
Simun Junior Member Join Date: Aug 2008 Location: NYC Posts: 11 Thanks: 0 Thanked 0 Times in 0 Posts Reputation: (10)	I've had an ING account for about three years now and haven't had any problems. The user interface is easy and getting data is never an issue. I recommend it

09-24-2008, 08:18 AM	#17
cc1 Junior Member Join Date: Sep 2008 Posts: 11 Thanks: 0 Thanked 0 Times in 0 Posts Reputation: (10)	Thank you all for your helpful comments! I guess being able to make a deposit is what's really important, as well as being able to withdraw my $$ after it's reached my goal amount. I don't really want/need an ATM card; as this defeats my purpose. A lot to think about...especially in light of the current economic situation of the U.S.