ING Direct Orange Savings Account Review
ING DIRECT Orange Savings Account has just increased their APY to 4.50% (effective 11/28/06)
$15,000 in an ING Direct Orange savings account at 4.15% will make you $622.50 over one year of time!
Which account would you prefer?
Other reasons you should consider the ING Direct Orange Savings account?
- High 4.50% Annual Percentage Yield (effective 05/01/06 ) on savings.
- There are no required minimum balances. No matter what your balance, you will still get the same high yield.
- There are no savings account setup fees, no bank service charges, no penalties or other hidden costs.
- Cancel at anytime with no fees. This means you don’t have to make a commitment and you have the ability to move you savings to another account for any reason.
- 24-hour online access to your funds.
- No need to change your current bank.
Your ING Direct Orange Savings account is automatically linked to your current checking account which is used for your initial deposit. You can make deposits or withdraw funds by transferring money online, through their Phone Service, or by speaking with an ING DIRECT Sales Associate.
- Setup an optional Automatic Savings Plan.
You can automatically have a set amount of money (you choose how much) regularly transferred to your Orange Savings Account from your linked checking account.
- Your savings are FDIC Insured.
Your deposits at ING DIRECT are FDIC insured up to $100,000 per depositor. Learn more about the FDIC here.
- It’s a quick and easy setup process.
Open a savings account in under five minutes with no fees, no minimums and FDIC insurance
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Written by Tim Schroeder on March 31st, 2006 with
2 comments.
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June 29th, 2006 at 12:57 pm
Update: Current ING Direct savings APY rate as of 06/29/2006 is 4.25%
February 29th, 2008 at 12:45 am
I tried online savings accounts at ING, HSBC, Emigrant, and E*Trade, so I would know for sure which one is the best. ING won hands-down. E*Trade was a complete waste of time. I’m a computer guy, and I know how to jump through hoops, but the application was time-consuming and severely limited. Emigrant and HSBC are great, but each has its limits: Emigrant only allows 2 external accounts and HSBC took a while to set up and to link my external accounts. ING was fast, easy and allows me to link up to 3 external accounts, which were processed quickly. Plus, ING allows your friends to get $25 just for opening an account with at least $250. The referrer gets $10. Just shoot me an email if you want a referral link. (gfarnam at gmail). Hope that helps.