ING Direct Savings Accounts
ING Direct savings accounts are great for high interest rate savings. ING Direct has two high interest banking accounts. They are ING’s Orange Savings Account and the ing Electric Orange account. We hope that you will love this review of these ING accounts.
Orange Savings Account
The Orange Savings Account is an outstanding high interest savings account. The ING savings account has a variable 3.00% annual percentage yield. This savings account has no fees or service charges and is FDIC insured.
Too often high yield savings accounts have high minimum balances. However the ING savings account has no minimum balances. This is perfect for having your pay checks directly deposited into this Orange savings account. You can immediately get high interest rates savings with your paycheck and not worry about not being able to use this money.
Another great feature of the ing direct savings account is that you don’t need to switch banks in order to open a savings account with ING Direct. When you open an ING Orange Savings Account, this ING savings account is automatically linked to the checking account that you used to make your initial deposit with ING Direct. This allows you to transfer money between your original bank account and this high interest banking account.
ING Direct Saving Accounts are also FDIC insured. These Orange Savings Accounts are insured by the Federal Government upto $100,000 per depositor. This gives you great piece of mind that your savings will be protected.
ING Electric Orange Account
The ING Direct Electric Orange account is an online high interest rate checking account. The Electric Orange account gives you free bill pay and a Electric Orange MasterCard Debit Card. This gives you unbelievable free access to your money. To top it off, ING Direct gives free ATM usage at any Allpoint Network ATM machines.
This high interest rate checking account also integrates with the ING Direct Orange savings account. This makes it really easy for you to transfer money from your high interest rate savings account to your high interest rate checking account. Now this is Smart Savings 101!!
As of March 2008, the annual percentage yield ranges between 1.75% to 3.40% depending on the balance of your Electric Orange checking account.This is a pretty high interest rate for a checking account.
Another great thing about ING Direct’s Electric Orange is that you will not get charged overdraft fees. When you open your Electric Orange checking account you automatically get an overdraft line of credit. Let me tell you that I hate overdraft fees.
I think that these ING Direct savings accounts are excellent high interest rate savings accounts. As always, you need to shop around for the highest interest savings accounts, but I don’t think that you can go wrong with the ING Direct Orange Savings Account or the ING Direct Electric Orange checking account.
Tags: high interest rate savings, ing accounts, ING Direct, ing electric orange, ing orange savings account
Posted in ING Direct |
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