| Considering ING any thoughts or advice?Any ING clients? |
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domskynetlabs
Full Member
Cash: $ 21.09
Posts: 95
Joined: 24 Nov 2004
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| Considering ING any thoughts or advice?Any ING clients? |
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Im seriously considering ING as an alternative to a premium savings account at a bank. Any input?
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Sun Nov 28, 2004 7:09 pm |
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Andrew
Admin
Cash: $ 460.25
Posts: 1695
Joined: 02 Nov 2003
Location: Texas
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I've got a small ING orange account. No issues with it really. It's easy to forget about because of rare mail or email contact, but that could be considered a good thing. Decent interest rate, I think it even just went up a tad.
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Sun Nov 28, 2004 8:35 pm |
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domskynetlabs
Full Member
Cash: $ 21.09
Posts: 95
Joined: 24 Nov 2004
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is there an account balance minimum?do you have to move your money into one of their accounts?
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Mon Nov 29, 2004 2:43 am |
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xboxundone
Senior Member
Cash: $ 67.83
Posts: 796
Joined: 19 Sep 2004
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there are no minimums or fees. I have been using ING for a while know and love it. Gives you a great rate! You can have a buck or thousands and you will get the same great rate!
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Mon Nov 29, 2004 10:53 pm |
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domskynetlabs
Full Member
Cash: $ 21.09
Posts: 95
Joined: 24 Nov 2004
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Hmmm I should call them today. I am still very curious on how they are capable of giving thoose types of returns.
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Tue Nov 30, 2004 4:13 pm |
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xboxundone
Senior Member
Cash: $ 67.83
Posts: 796
Joined: 19 Sep 2004
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quote:
Originally posted by domskynetlabs
Hmmm I should call them today. I am still very curious on how they are capable of giving thoose types of returns.
They only have a few offices in the US and abroad. You don't have to pay for the tellers, brokers, or the buildings. It is a LOW overhead bank mainly run online. This is why they are able to give great returns.
Typical banks have lot of overhead due to employees benefits etc... where ING and few others out there don't .
Hope this helps you. I have already received 80 bucks in interest and signup bonuses in just past couple of months...
ING has been around for a while and i don't think they will be going anywhere, and if they do it is FDIC insured! 
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Tue Nov 30, 2004 4:17 pm |
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wested
Member
Cash: $ 1.88
Posts: 19
Joined: 30 Nov 2004
Location: Florida
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| Good Choice |
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ING is an excellent choice.
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Tue Nov 30, 2004 5:11 pm |
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domskynetlabs
Full Member
Cash: $ 21.09
Posts: 95
Joined: 24 Nov 2004
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| Re: Good Choice |
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quote:
Originally posted by wested
ING is an excellent choice.
hmm thanks for the input lol ;). Do you have an account with them?
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Tue Nov 30, 2004 5:15 pm |
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domskynetlabs
Full Member
Cash: $ 21.09
Posts: 95
Joined: 24 Nov 2004
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| Called INGDirect |
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I just got off the phone with a INGDirect Rep. He could only link an ING account to a non-managed checking account. They also needed the address listed on a current checking account. Does ING take an elaborate ownership of my current financial institutions account. Am I to reallocate all these funds into ING's propietary accounts? The Phone rep mentioned it was comparable to a money market account. When I asked in what way he simply stated it was comparable in terms of the rate of return. Why is it that I never hear money market accounts being mentioned?
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Tue Nov 30, 2004 8:12 pm |
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xboxundone
Senior Member
Cash: $ 67.83
Posts: 796
Joined: 19 Sep 2004
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Money market accounts are out there and give decent return around 1%. I had a money market account untill i came accross ing direct savings account
ING direct links to your Checking account so you can transfer money to and from your ING account. It in no way over takes you account. It does same thing paypal does it links to your account so you can transfer money to and from. As they will make two small deposits into your accoutn to verify it is yours and you will ahve to go bakc to ING site and state the amounts that were deposited then you are linked.. It is a quick and painless process.
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Tue Nov 30, 2004 8:47 pm |
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domskynetlabs
Full Member
Cash: $ 21.09
Posts: 95
Joined: 24 Nov 2004
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quote:
Originally posted by xboxundone
Money market accounts are out there and give decent return around 1%. I had a money market account untill i came accross ing direct savings account :)
ING direct links to your Checking account so you can transfer money to and from your ING account. It in no way over takes you account. It does same thing paypal does it links to your account so you can transfer money to and from. As they will make two small deposits into your accoutn to verify it is yours and you will ahve to go bakc to ING site and state the amounts that were deposited then you are linked.. It is a quick and painless process.
you have been informative. I think I might open an account with in the week,
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Tue Nov 30, 2004 8:56 pm |
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xboxundone
Senior Member
Cash: $ 67.83
Posts: 796
Joined: 19 Sep 2004
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quote:
Originally posted by domskynetlabs
quote:
Originally posted by xboxundone
Money market accounts are out there and give decent return around 1%. I had a money market account untill i came accross ing direct savings account
ING direct links to your Checking account so you can transfer money to and from your ING account. It in no way over takes you account. It does same thing paypal does it links to your account so you can transfer money to and from. As they will make two small deposits into your accoutn to verify it is yours and you will ahve to go bakc to ING site and state the amounts that were deposited then you are linked.. It is a quick and painless process.
you have been informative. I think I might open an account with in the week,
If you have any questions feel free to ask. I will try to answer you.
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Tue Nov 30, 2004 9:50 pm |
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xboxundone
Senior Member
Cash: $ 67.83
Posts: 796
Joined: 19 Sep 2004
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Good news ING Dricet savings is now at 2.35% APR!!!!! WOOHOOO it keep rising last month it went up .05% now another .1%
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Tue Dec 28, 2004 5:44 pm |
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domskynetlabs
Full Member
Cash: $ 21.09
Posts: 95
Joined: 24 Nov 2004
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I just noticed today as well. I feel as if the first 1 month the account is on probation I dont see where the intrest is payed. Guess I have to wait for my estatement
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Tue Dec 28, 2004 8:15 pm |
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xboxundone
Senior Member
Cash: $ 67.83
Posts: 796
Joined: 19 Sep 2004
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quote:
Originally posted by domskynetlabs
I just noticed today as well. I feel as if the first 1 month the account is on probation I dont see where the intrest is payed. Guess I have to wait for my estatement
They pay out the interest at the end of the month but it shows you the accruing by day.
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Tue Dec 28, 2004 8:26 pm |
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