ING Direct is an online banking web site that is very convenient for people. Since it is not the kind of bank with branches, but rather an online bank, ING Direct offers services without fees attached.
One kind of service that ING Direct provides is savings accounts. Savings accounts on ING Direct typically have higher interest rates than other banks, simply because they don’t have the overhead fees of banks with local branches. There are no fees, no minimum deposits, no withdrawal charges, and you can have multiple accounts with different names for saving for different purposes. ING Direct savings accounts are linked to a checking account at your local bank for the purposes of making transfers back and forth. They do not use snail mail.
ING Direct does not offer checking accounts. They do, however, offer mortgages, home equity loans, mutual funds and also CDs of varying lengths. There are very low closing costs and no application fees for mortgages. Home equity loans have a large amount you can borrow, at a low rate, and have no application fees, no annual fees and no prepayment penalties. You can purchase a certificate of deposit (CD) from ING Direct for as short as a 6-month period and get a very good interest percentage on your money. CDs also have no minimums, so anyone can afford them. If you can keep money in for as short as 6 months, ING Direct offers one of the best interest rates around.
ING Direct allows you to schedule direct-deposit transfers to your savings accounts which will automatically be taken from your checking account. It is very easy to use, and easy for anyone to find a way to save money at a decent interest rate.
There are even rewards for referring friends to ING Direct. If you refer a friend and they sign up for a new account, ING will deposit $25 into your account. It’s a good way to make extra money, and a legitimate way to save money.
ING Direct is FDIC insured, and has strong security measures in place to keep your information private and confidential. The web address is www.ingdirect.com .
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Help answer the question aboutonline bank
I want to open a CD. Is there a good online bank that has good rates?I have some money set aside but I have people that should not know about this. Namely nosey relatives. I want to open a CD. Is was wondering where to go to do this. What's your suggestion for a good online bank that has good rates for CD's?
October 6th, 2009 on 8:25 am
Skank of America
October 6th, 2009 on 8:25 am
The company was contacted and they said it was against their companies policy to fly the American flag on their property!!!!! Got it!
October 6th, 2009 on 8:25 am
Pull your money from BOA, this is not their first insult on the American people.
October 6th, 2009 on 8:25 am
Corey u r a idiot, i work for the bank also. BOA believes in diversity but not the point where american’s r put down. That manager took diversity a bit to far. that was her own actions not the banks. I wonder if she still has a job…lol
October 6th, 2009 on 8:25 am
I think this topic can unite both conservatives, and liberals who also may be banking with BOA. This is a robbery of american people. Bank of America is using federal taxpayer dollars to fund ACORN ( a liberal organization that helps illigal immigrants purchase homes). BOA is using tactics to extorts money from american public to impliment Obama’s plans to help illigal immigrants buy homes. YOU ARE BEING VICTIMIZE BY THESE FINANCIAL ELITES WHO ARE IN CONTROL OF THE FEDERAL RESERVE.
October 6th, 2009 on 8:25 am
I’m sorry, I might be hallucinating but isn’t the LOGO of Bank of America a butchered American Flag? Don’t even get me started on the Flag Law violations with their logo (even though there is no enforcement provisions of the Flag Law)
October 6th, 2009 on 8:25 am
Bank of America says: The American flag may be offensive to some customers? American money seems to be most welcome to those same customers. Sounds like a love hate relationship. She hates America, but needs her American job, American freedoms and American money.
October 6th, 2009 on 8:25 am
I’m with the bank. It’s not her place to put flags on their property. It’s Bank of America, not American’s Bank
October 6th, 2009 on 8:25 am
Your a idiot. That person represents the company (@ a manager level to say the least)
October 6th, 2009 on 8:25 am
Online banking is a bigger term than simply online bill pay. There are several ways your bank can pay your payee – one is that they simply mail a check. The other, if they do a lot of business with the payee, is to simply make an electronic payment (ACH) to your payee – usually places like your electric company. Another way, if the payee banks at the same bank, is to simply deposit money to the payee's account at the bank.
Any of these cost the bank no more than if you had written a paper check or had initiated an ACH/wire transfer and in some cases, costs them less.
Some banks offer these services for free, others don't. One of my banks charges me about $0.65 to send a check from the bank but doesn't charge me to electronically pay someone. Another of my banks charges nothing to send a check but they don't like doing an ACH so they charge me for that.
In the long run, nothing at a bank is free – it will be paid for somehow. Usually with banking fees.
October 6th, 2009 on 8:25 am
Any bank that has weathered the current financial storm is safe to invest in. Bank of America, JP Morgan Chase, to give you a couple of examples.
Now, when we looked into savings for our children, we decided not to go with a college savings plan; the reason is that if one of our children either gets a full scholarship, joins the armed forces, or whatever else, the money saved would not be used, and by trying to use it on anything else it would be hit with so many penalties that it would be like we never invested the cash in the first place.
We decided instead to research a medium risk mutual fund, and have one for each of our kids. As they get closer to college age, we'll probably shift the capital into a low risk fund, but this way, they have money saved up for school if needed, or for whatever else if they don't.
Good luck.
October 6th, 2009 on 8:25 am
wire transfer for a cost of about 20 dollars!!!
October 6th, 2009 on 8:25 am
Check out http://www.igoonlinebanking.com you can read about there different services and if your interested sign up with them. Their online savings account has high interest rates and only require one dollar in the account at all times. I don't believe they charge a monthly fee.
October 6th, 2009 on 8:25 am
Most banks only offer the ability to receive and view statements online at the credit card companies website. I haven't seen very many companies that offer email statements. Viewing a statement online is more secure because your information is more protected online than it is in an email.
October 6th, 2009 on 8:25 am
That's not something that you can do on your own. If you call in and speak with the Online Banking Department they can add those account to your Overview for you.
Hope this helps!
October 6th, 2009 on 8:25 am
no, you will have to use your bank.
October 6th, 2009 on 8:25 am
If you are in Chexsystems, you cannot open a bank account. Pay off whatever bounced checks, overdrafts, whatever, plus all the interest, fees, penalties. Within a few months, you will be out of the system and can open another account somewhere.
October 6th, 2009 on 8:25 am
It can take up to 5 business days.