ING Direct - Page 2

amyschiff · 01-07-2009, 05:33 AM

I started a plain savings account at ING a year ago and have been happy with them so far. At the time, the APY was more competitive at 3% but it has since gone down to 2.5%. I have a "totally free" checking account through 5/3 bank which allows me to have completely free transfers between my ING and savings.

Transfers can take up a week to clear (though mine usually do in about 3 days) so if you think you'd need money quicker, then it may not be for you. Deposits are FDIC insured up to $250,000.

The Zoo · 01-09-2009, 08:55 AM

I've been with ING (US) for years and have never had any trouble at all. I have a checking account with Smith Barney/Citigroup and have transferred money back and forth every month without any issues at all. ING is a large world-wide bank with offices in many cities. Your mom may be worried after reading about all the people who lost money in the Icelandic online banks but ING is a different story. I've never heard of ING freezing anyone's account and it would seem to me to be a relatively easy thing to fix with a simple phone call.

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01-07-2009, 05:33 AM	#11
amyschiff Senior Member Join Date: Feb 2008 Location: Lansing, MI Posts: 471 Thanks: 0 Thanked 2 Times in 2 Posts Reputation: (77)	I started a plain savings account at ING a year ago and have been happy with them so far. At the time, the APY was more competitive at 3% but it has since gone down to 2.5%. I have a "totally free" checking account through 5/3 bank which allows me to have completely free transfers between my ING and savings. Transfers can take up a week to clear (though mine usually do in about 3 days) so if you think you'd need money quicker, then it may not be for you. Deposits are FDIC insured up to $250,000.

01-09-2009, 08:55 AM	#12
The Zoo Junior Member Join Date: Jul 2008 Posts: 25 Thanks: 0 Thanked 0 Times in 0 Posts Reputation: (10)	I've been with ING (US) for years and have never had any trouble at all. I have a checking account with Smith Barney/Citigroup and have transferred money back and forth every month without any issues at all. ING is a large world-wide bank with offices in many cities. Your mom may be worried after reading about all the people who lost money in the Icelandic online banks but ING is a different story. I've never heard of ING freezing anyone's account and it would seem to me to be a relatively easy thing to fix with a simple phone call.