One of the biggest questions that I get asked is whether ING Direct savings accounts are FDIC insured.  I am glad that a lot of people ask me this question, because it allows me to relieve their fears about ING Direct and it confirms to me that they understand the importance of protecting your money in FDIC insured savings accounts.  The answer to this question is, Yes, these savings accounts are FDIC insured.

The federal government insures ING savings accounts up to $100,000 per depositor.  This “per depositor” statement is significant to understand.  If you  open a joint account with ING Direct, your savings are insured up to $200,000.  $100,000 for one depositor and $100,000 for you co-depositor.  If you want to learn more about IND Direct’s FDIC program, its FDIC certificate number is 35489.  You can visit the ING Direct website to learn more about this insurance.