ING Accounts.....

[Ellen]

So not to completely thread jack Rach's tax question post...

Anyone have an ING account?? How does it work??

I have one! Want me to send you a refferal?

[Ellen]

Originally Posted by RockstarMom I have one! Want me to send you a refferal?

Sure....but I want some INFO!!!!!

[rosebud*]

Share some info!! i am intrigued by them as well

Basically it's a savings account, the interest on it it very high as far as savings accounts go. I like it because it's not as easy for me to get the money out of as my reg. savings account- less temptation for me to make impulse spending! It takes a couple days to get my money out vs immediately from my reg.savings.

[Kelsey]

That was what my dad put a majority of my "college fund" in for investing - it's a GREAT savings account that earns higher than average and higher than inflation interest - which is great! I never actually "used" the account, but I know that my dad would recommend it!

The interest right now is 4.3% on the savings account. I have automatic withdraws set up from my checcking account on the 1st and 15th for $50 each time to be deposited into my ING savings.

[mpicky]

I use it as well. You can set up transfers from your primary account to this account. You can also transfer back, but it does take a couple days, which is great if you are an impulse shopper. While SO is in Iraq, almost all his money is going into an ING account. It is considered online banking, there is not concrete building you can go into.

[Ellen]

Originally Posted by mpicky I use it as well. You can set up transfers from your primary account to this account. You can also transfer back, but it does take a couple days, which is great if you are an impulse shopper. While SO is in Iraq, almost all his money is going into an ING account. It is considered online banking, there is not concrete building you can go into.

I can see why they are able to offer higher interest rates - lower overhead!

[Kristen]

I love my ING account too. I have an automatic withdrawl after the 15th's payday, and it is good for me that I can't have an ATM card or checks for accessing the money. I think the only way to access the money is to transfer it back to one of your 'regular' accounts, so you need a couple of days notice.