Question about ING accounts

Original post by Katie&Chris2006

Apr 27, 2006 06:01 PM

Hi girls. My parents are helping with the wedding and have already given us the money. Right now it is sitting in a checking account that is not gaining much interest. We are considering moving a big chunk of it to an ING orange account. I have kind of a stupid question. Is the interest monthly? So if we put in $10K of it, we gain $400 a month? That seems too good to be true?

Any guidance? I am a little slow when it comes to numbers. Thanks!

jandt2006 Posted: Jul 12, 2006 01:33 PM

Re: Question about ING accounts

bump please i'm about to close my cd at my regular bank and want to open a savings acount at ing. what if i need the money from the savings account how long does it take to get that money?

Bklyngrl Posted: Jul 12, 2006 01:35 PM

Re: Question about ING accounts

i'm interested in doing this too - only haven't had time to do it.

ali120206 Posted: Jul 12, 2006 01:51 PM

Re: Question about ING accounts

I usually take it out about 3 days before I need it and it's there waiting when I do (I like to be safe just in case).

Mitabtrfly Posted: Jul 12, 2006 01:56 PM

Re: Question about ING accounts

ING is great..but HSBC's rates are higher and you can get a card. With ING you have to wait 2 business days to withdraw/receive money you may want to take out. Good LUCK!

Meaghan729 Posted: Jul 12, 2006 01:56 PM

Re: Question about ING accounts

I have capital one direct banking - its pretty much the same as ING. Capital one is 4.75% right now.

stephanief Posted: Jul 12, 2006 02:07 PM

Re: Question about ING accounts

the interest is an annual percentage rate...400 per year...still good !!!!

N.Y.bride Posted: Jul 12, 2006 02:09 PM

Re: Question about ING accounts

How sad is this - I have an ING account and have no idea

ali120206 Posted: Jul 12, 2006 02:12 PM

Re: Question about ING accounts

ING is at 4.35% now, I just got an email the other day.

Lauram283 Posted: Jul 12, 2006 03:47 PM

Re: Question about ING accounts

I have one of these accounts and they are great. You will get 4.35% per YEAR, so you'll get $435 for the year, about $36 a month.

jandt2006 Posted: Jul 12, 2006 07:31 PM

Re: Question about ING accounts

Posted by Mitabtrfly

ING is great..but HSBC's rates are higher and you can get a card. With ING you have to wait 2 business days to withdraw/receive money you may want to take out. Good LUCK!

what kind of card? like an atm card?

XsoontobemarriedX Posted: Jul 12, 2006 07:47 PM

Re: Question about ING accounts

ING is great. The above mosts are right about the interest. It's a terrific rate.

mbm750 Posted: Jul 12, 2006 08:36 PM

Re: Question about ING accounts

Posted by Bklyngrl

i'm interested in doing this too - only haven't had time to do it.

They have a great referral program too - you get $25 and I get $10 if I send you a referral link and you use that to open an account (with at least $250). I've done this with a few other LIW brides. FM me if you're interested and I will send you a link.