ING Savings Accounts

2007-10-15 12:53:47

( Financial )



The Bottom Line on Savings Accounts

With today's economy, savings accounts are not what they used to be. You earn rock-bottom interest on your investment, and you need to maintain a minimum level so that you don't need to pay monthly service fees.

If you want to earn higher interest, you need to deposit large amounts in your account. But this is not often possible, especially if you have limited income or if you are using most of it to pay bills.

ING Savings Account Features

Holland-based ING is a well-known and highly respected financial institution, especially noted for aggressive, high-yielding investment instruments. ING's attractive investment packages are due to low overhead costs. Except for its online site, ING does not maintain any physical branches or physical offices in the country.

The ING Orange savings account has no minimum balance requirement upon opening and during maintenance, yet pays at least 4.5% on your balance. There are no penalties and hidden charges.

You can make arrangements to link your other bank account to your ING savings account. You can also arrange to transfer a specified amount each month if you wish, through the online site or by calling an ING representative.

Your ING savings account balance is protected by the FDIC up to a hundred thousand dollars.

Your funds in the ING savings account are available for you anytime. The account can be debited to pay your bills or purchases.

How to Open an ING Savings Account

You can easily open an ING savings account through the online site or the phone. Aside from filling out the information in the application form, you need to send a check for at least a dollar as your initial deposit.

For any questions or comments, you may also contact ING's customer care representatives through the toll-free number.

ING also offers other online services such as mortgages and home insurance.


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