ING savings accounts

D&C Posted: Apr 12, 2005 11:15 AM

ING savings accounts

Hi
I dont know where else to put this post

But do any of you have an ING savings account? My FH is pushing for us to put a chunk of our money in this. I think it is up to 3% interest! What are your experiences, loopholes, etc.

97bride Posted: Apr 12, 2005 11:17 AM

Re: ING savings accounts

I have one. It's fine, no loopholes, I haven't had any trouble with it.

Irishbride Posted: Apr 12, 2005 11:20 AM

Re: ING savings accounts

I plan on opening one this week.

julz33 Posted: Apr 12, 2005 11:23 AM

Re: ING savings accounts

We have had one since we got engaged... no problems!

D&C Posted: Apr 12, 2005 11:44 AM

Re: ING savings accounts

awesome thanks everyone...I think we are going to go for it then 3% here ya come

Janice Posted: Apr 12, 2005 11:50 AM

Re: ING savings accounts

We have had our account open for a few years now and no problems at all

D&C Posted: Apr 12, 2005 11:55 AM

Re: ING savings accounts

Nice I can hear FH now 'see see I told you so'

Ldybug8 Posted: Apr 12, 2005 01:10 PM

Re: ING savings accounts

we have one and no problems...just a little advice when you transfer money in and out of the account it isnt available right away.

jaclyncalderon Posted: Apr 12, 2005 04:08 PM

Re: ING savings accounts

we have on and love it...we opened it pretty much as soon as we got engaged and right now it is our 'wedding fund' and a soon as the wedding happens it will become the'house fund'....its really easy for us especially because my paycheck is direct deposited so we have it automoatically taken from our checking account and put in ING...we started when it was 2 % and now it is up to 3.10%

SeptemberBride03 Posted: Apr 12, 2005 04:36 PM

Re: ING savings accounts

Don't have one personally but have the same type at another company. Just be aware that ING is having some problems lately - been in the news a lot the last few weeks.

jaclyncalderon Posted: Apr 12, 2005 07:42 PM

Re: ING savings accounts

Posted by SeptemberBride03

Don't have one personally but have the same type at another company. Just be aware that ING is having some problems lately - been in the news a lot the last few weeks.

Really I hadn't heard.....whats going on???

MissMelissa Posted: Apr 13, 2005 10:19 AM

Re: ING savings accounts

i have one i love it, only issue is u need to give them notice to take any money out

dandg Posted: Apr 13, 2005 10:56 AM

Re: ING savings accounts

There are NO problems with ING Direct, I have no idea what this other person is talking about....Its a great tool to use to save money....Go for it!

SeptemberBride03 Posted: Apr 13, 2005 12:41 PM

Re: ING savings accounts

I was just commenting on articles that I've read in the Wall Street Journal over the past few weeks. It doesn't mean that the problems will trickle down to the consumers, but if other companies with better business plans and no issues offer the same interest, why risk it?? I have one at another company and love it.

The reason the interest is higher than banks is b/c they are money market accounts which are essentially mutual funds where the NAV (net asset value or price per share) is always $1 so there is no fluctuation in principal.

tray831 Posted: Apr 13, 2005 01:23 PM

Re: ING savings accounts

Im confused. Can someone explain to me how this ING account benefits.

We have a savings account but w/ our own bank? Should I switch to ING? Do they put in a certain percentage of what is in there?? What is the 3% you guys are talking about?

Let me know b/c I will go tomorrow to open one up!

jaclyncalderon Posted: Apr 13, 2005 04:58 PM

Re: ING savings accounts

Posted by SeptemberBride03

I was just commenting on articles that I've read in the Wall Street Journal over the past few weeks. It doesn't mean that the problems will trickle down to the consumers, but if other companies with better business plans and no issues offer the same interest, why risk it?? I have one at another company and love it.

The reason the interest is higher than banks is b/c they are money market accounts which are essentially mutual funds where the NAV (net asset value or price per share) is always $1 so there is no fluctuation in principal.

better business plan? I don't know.....I don't feel like I'm risking anything...I have never had any problems and if ING is giving higher interest (and they are) then I'm all for it!!!!!

riniko Posted: Apr 13, 2005 06:10 PM

Re: ING savings accounts

ING is great! My interest seems to go up every month at least. I get 3.0% whereas if I go elsewhere I sometimes won't get that much unless I get a fixed CD. Its even better than the money market at the credit union I belong to.

While I am talking about ING if anyone wants a referral to ING, please FM me :) If you sign up with a referral you get $25 put into your account.