| Best savings account option? |
|
|
|
|
|
domskynetlabs
Full Member
Cash: $ 21.09
Posts: 95
Joined: 24 Nov 2004
|
| Best savings account option? |
 |
|
Good afternoon everyone. I just registered with money talk and had a finance question. What is the best option when having funds that you can not lock into a long term investment or cd type account. I am looking for an account type or banking service in which one could accure more then a marginal savings account intrest.
|
Wed Nov 24, 2004 9:40 pm |
|
|
BlankenshipFP
Money Talk Advisor
Cash: $ 79.56
Posts: 390
Joined: 05 Oct 2004
Location: Illinois
|
Assuming that you're talking bout funds that shouldn't be at risk, and that you need to be able to access, here is a suggestion: I don't have an account there, but from what I understand, ING Direct has a savings account that currently pays about 2% or more. You might check this out.
Hope this helps -
Jim Blankenship, CFP®, EA
Blankenship Financial Planning, Ltd.
www.BlankenshipFinancial.com
Standard IRS Circular 230 Notice Applies
|
|
Fri Nov 26, 2004 8:57 pm |
|
|
domskynetlabs
Full Member
Cash: $ 21.09
Posts: 95
Joined: 24 Nov 2004
|
I wonder what sort of risks are involved with ING. There has to be some sort of con.
|
|
Sun Nov 28, 2004 4:24 am |
|
|
BlankenshipFP
Money Talk Advisor
Cash: $ 79.56
Posts: 390
Joined: 05 Oct 2004
Location: Illinois
|
I couldn't say, but I doubt if it's a scam of any sort. I imagine that they use the 2% account to get your name and such, and then they can knock you over with cross-selling anything and everything (which they sell).
ING is FDIC insured, and therefore regulated by the tough banking laws which would protect you from any untoward dealings that would be associated with a scam.
Someone on the forum (maybe Xboxundone?) is a participant in an ING account - perhaps they can comment.
Jim Blankenship, CFP®, EA
Blankenship Financial Planning, Ltd.
www.BlankenshipFinancial.com
Standard IRS Circular 230 Notice Applies
|
|
Sun Nov 28, 2004 6:51 pm |
|
|
domskynetlabs
Full Member
Cash: $ 21.09
Posts: 95
Joined: 24 Nov 2004
|
Thanks for the advice :)
|
|
Sun Nov 28, 2004 6:53 pm |
|
|
xboxundone
Senior Member
Cash: $ 67.83
Posts: 796
Joined: 19 Sep 2004
|
|
|
|
quote:
Originally posted by BlankenshipFP
I couldn't say, but I doubt if it's a scam of any sort. I imagine that they use the 2% account to get your name and such, and then they can knock you over with cross-selling anything and everything (which they sell).
ING is FDIC insured, and therefore regulated by the tough banking laws which would protect you from any untoward dealings that would be associated with a scam.
Someone on the forum (maybe Xboxundone?) is a participant in an ING account - perhaps they can comment.
I use ING direct and i love it. Easy to transfer money to and from. It is not a scam and is FDIC insured so as long as you have under a 100000 you are covered.
They do not send you emails concerning there products or others. The only thing they do is advertise about other products they offer while checking out your account. But for a 2.25% return they can try to offer me mortgage and CD's they are not annoying ads either as they are not popups etc..
If you want 25 for opening an account pm me and i will send you an invite.
Last edited by xboxundone on Tue Nov 30, 2004 3:51 pm; edited 1 time in total |
|
Mon Nov 29, 2004 10:58 pm |
|
|
BlankenshipFP
Money Talk Advisor
Cash: $ 79.56
Posts: 390
Joined: 05 Oct 2004
Location: Illinois
|
Thanks X. I knew you'd be out there to check in on this one.
Thanks again for the info.
Jim Blankenship, CFP®, EA
Blankenship Financial Planning, Ltd.
www.BlankenshipFinancial.com
Standard IRS Circular 230 Notice Applies
|
|
Tue Nov 30, 2004 3:06 am |
|
|
xboxundone
Senior Member
Cash: $ 67.83
Posts: 796
Joined: 19 Sep 2004
|
no problem
ING offers great rates on CD investments also.
|
|
Tue Nov 30, 2004 3:52 pm |
|
|
|
