ING Direct

Pros: Savings account annual percent yield higher than the national average
Cons: Two or more days to transfer money if not tied to ING checking.

ING Direct advertises that nothing beats money in the bank except more money in the bank. I learned of ING Direct through numerous advertising in a financial magazine. Sure I noticed their bright orange and circles with blue words telling me great ...

Pros: Great interest rates, easy to use site, creates incentive to save.
Cons: It takes 3 days to get money out so plan ahead if you can.

Originally this was a review highlighting ING's 4.75% interest offer that ran from Mid January to Mid April but since that period has passed, I thought I'd update my review and just days after my update, the interest rate changed again! CURRENT: The ...

Pros: High interest rates; no fees
Cons: Loss of convenience

(Please note - all interest rates are current as of May 15, 2007. For current information, please consult www.ingdirect.com) (Please see the bottom of the review for an update as of March 11, 2008.) I was a business major in college and currently ...

Pros: High APY; Online convenience; Secure website; Excellent customer service; No fees.
Cons: None I have encountered.

When I received an unsolicited offer in the mail to open an ING DIRECT savings account, with a 2% APY, with an initial deposit as low as $1 and I would be immediately credited with $25, I became very suspicious. After reading all the fine print, I opened ...

Pros: 4.35% rate, no minimums, no snooty bank tellers
Cons: slow transfers, no over-draft protection

~~~***~~~Updated August 2006~~~***~~~ Well it's been awhile, so I thought I'd provide a quick update. Basically, I still love my ING Direct account, and the interest rate has gone up consistently, up to 4.35% right now. They've also worked hard ...

Pros: High interest and no fees.
Cons: Account linking issues to watch out for.

This review is based on personal experience using the Ing Direct Orange Savings Account from 2000 to 2004. I've also compared it to similar online savings accounts including the Capital One High Yield Savings Account (www.capitalone.com) and the ...

Pros: High interest rate and ease of use.
Cons: Some might not want to disclose financial info over the Internet.

Though we may hear a lot of political jargon about what shape the economy is in these days, one thing is for certain, interest rates across the board are significantly low. While for people such as myself this may help lock into a low interest rate ...

Pros: Good interest rates, no minimum balances, easy to use
Cons: Takes a long time for deposited checks to clear

As a former employee of ING, I have nothing bad to say about the company. My entire department was downsized in the wake of 9/11, but we were given excellent severance packages and assistance in finding other jobs. ING is a company that treats its ...

Pros: Easy sign-up, great interest rates, and referral bonuses!
Cons: No bill payment, but hopefully your personal checking account already provides this.

Disclaimer: This review reads like a comparison between ING and Virtual Bank. I've tried focusing on ING, but have left pertinent information regarding Virtual Bank for clarity. You can also read my ...

Pros: Great rates, easy online transactions
Cons: your home computer can't give you cash like an ATM can

I've been an ING customer since 2002 and I love this bank! Nothing tops ING, and I've had accounts with several different banks, so I should know. (that said, it does have a few itty bitty flaws) Perhaps the reason why everyone joins ING is their ...

Pros: None really
Cons: Short deposit and withdrawl delays.

Well, I got very tired of getting .25% on my checking account balance and a wopping .75% on my investment account balance. 3% may not seem like much in historical terms, but a lot of banks are paying less on CDs which require you to lock up your money. ...

Pros: Interest and benefits that exceed those of most brick-and-mortar banks
Cons: Not a good choice for those who prefer one-stop banking.

My bank, the one where I have free checking with direct deposit, offers a savings account but with more restrictions than the IRS imposes on itemized deductions. If the savings account balance drops below $300 in any statement period, you have to ...

Pros: Easy set up, no fees, no minimums
Cons: Requires account with another institution

I've had an account with ING Direct for a couple of years now and have to say I'm hooked. There are no fees, no minimums and the customer service is great. A three percent interest rate isn’t two shabby either. I only have a couple of savings ...

Pros: Great rates on savings and loans; cheerful reps; excellent service
Cons: Limited product line (no checking or fixed-rate mortgages); outsourcing less than impressive

I've had an Orange Savings account with ING Direct for nearly a year, and am just as impressed with it as most of the other reviewers here seem to be. This summer I decided to refinance our mortgage with ING, and to set up a home equity line of credit ...

Pros: Electric Orange Checking will change the way people bank. Be a part of the change!
Cons: Only one account per person, regardless of single or joint ownership.

I absolutely ADORE ING Direct. This is a bank that deals primarily with savings and investments, but they recently, they finally, FINALLY made available a high-interest no-minimum-balance checking account, and I'm so excited. This is how I know I'm ...