Online Savings Acct

Does anyone have a online savings account. I know that they have a much higher yield but not much else about them. FH and I have gotten some checks for the enagement we'd like to deposit in a joint acct.

TIA!

FH and I have one through HSBC.

Did you have any questions?

You can't do any branch banking, but you can link it to your existing bank accounts and you also get an ATM card for deposits / withdrawals. Linking it to our bank accts was easy for us b/c FH and I already have all of our banking / finances in joint accounts (though not at HSBC). You can transfer between bank accounts (even from another bank) and I think it takes 2-3 days to process. You can make ATM withdrawals up to $1,000 per day. You can also make deposits at ATMs. Your ATM card is NOT a debit card, though.

HTH.

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Posted by angnick

we have an online savings account with ing. We love it. the money is available if we need it in two days.

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We use ING too. I think the interest is up to 4.5% now. We've paid for most of our invitations with the interest in that account alone. I ING.

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Posted by laural2979

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Posted by angnick

we have an online savings account with ing. We love it. the money is available if we need it in two days.

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We use ING too. I think the interest is up to 4.5% now. We've paid for most of our invitations with the interest in that account alone. I ING.

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I have ING too. 4.5% is great and you can't beat it.

So how do I deposit checks? Put them in my checking and transfer them over?

We both have HSBC checking but ING def has the best rates around. We wouldnt be taking money out frequently. It would be more of a 'big purchases' account.

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Posted by murphyt33

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Posted by laural2979

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Posted by angnick

we have an online savings account with ing. We love it. the money is available if we need it in two days.

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We use ING too. I think the interest is up to 4.5% now. We've paid for most of our invitations with the interest in that account alone. I ING.

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I have ING too. 4.5% is great and you can't beat it.

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Sure you can - HSBC is 5.05%

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Posted by LoveGordonBennett

So how do I deposit checks? Put them in my checking and transfer them over?

We both have HSBC checking but ING def has the best rates around. We wouldnt be taking money out frequently. It would be more of a 'big purchases' account.

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If ING is offering 4.5% interest, they don't have the best rates around. HSBC and American Express both have online savings accounts at 5.05% interest, and I believe I saw at least one other bank offering this rate as well. Shop around for the best deal for you - check out money availability and look closely at fees, too.

HSBC was the best deal we found for our needs.

Just like with ING, these accounts can be linked to your existing bank account and you can schedule a set amount of money to be transferred with each paycheck (if you want).

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Posted by ealvarado0178

yes, you have to transfer the checks over from your checking, or savings acct.

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With HSBC, you get an ATM card and can make deposits of checks at any HSBC ATM.

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Posted by angnick

we have an online savings account with ing. We love it. the money is available if we need it in two days.

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I also use ING and have nothing but great things to say about them.

We both have savings accounts at ING DIRECT.. the interest is HIGH, once went up to like 5.2%!!!! We've made SO MUCH $$$ from ING so far! Ive only had an account with them since February of this year and Ive made about $1k in interest alone!

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Posted by MrsBartonToBe

We both have savings accounts at ING DIRECT.. the interest is HIGH, once went up to like 5.2%!!!! We've made SO MUCH $$$ from ING so far! Ive only had an account with them since February of this year and Ive made about $1k in interest alone!

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Is ING a variable rate savings account? I need to read up on that.

I am assuming variable means it changes according to the market.

Kara do you know if HSBC's is like that off hand?

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Posted by Kara and Todd

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Posted by MrsBartonToBe

We both have savings accounts at ING DIRECT.. the interest is HIGH, once went up to like 5.2%!!!! We've made SO MUCH $$$ from ING so far! Ive only had an account with them since February of this year and Ive made about $1k in interest alone!

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Is ING a variable rate savings account? I need to read up on that.

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Yes its unfortunatly variable, but since ive joined it only went down once. I started out making 3.75% and it kept going up and up.. it got up to 5.2% but now is down to like 4.8 now or something..

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Posted by LoveGordonBennett

I am assuming variable means it changes according to the market.

Kara do you know if HSBC's is like that off hand?

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Yes, variable means it changes according to the market fluctuations. I get an email notification every time my savings account interest rate increases.

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Posted by LoveGordonBennett

I am assuming variable means it changes according to the market.

Kara do you know if HSBC's is like that off hand?

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I just checked and it also appears to be variable... I think all of the high yield savings accounts are.

You probably can't go wrong with any of them - I think they'll all try to at least keep up with each other since they are all competing with one another!