NG DIRECT, FDIC insured bank offering one of the highest savings rates with no fees and no minimums. ING Direct also provides competitive Certificate of Deposits with no minimum deposit, 5/1 ARM Mortgages, Home Equity Loans and Mutual Funds.
Question: #1: Ing Direct?
If you have an Ing Direct savings account or know of it, how well does it work. Is it problamatic oris it a good savings account? I'm thinking aboutopening an account and want to make sure I'm notgetting myself into a bad situation.What if Idecide to close the account after a few years, howwill the money get to me?
- asked by Alexandra S
I have had ING since 1999. I love it. They havethe highest savings rate and they also havechecking accounts available now. They are FDICinsured so you don't have to worry about yourmoney. Plus it is easier to save money onlinebecause it takes a little longer to withdraw themoney for impulse spending. - answered by: blazenphoenix
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Question: #2: Is ING Direct available in the Philippines? Are there other banking services or institutionssimilar to this?
I noticed in personal finance websites that INGdirect seems to give a higher interest yields thanmost banks' savings accounts. You only have tohave a checking account with another bank. Butmost of them are from the US. I want to know ifit's possible to open an ING direct account evenif you're not from the US. Or if there are similarinstitutions or services here in the Philippineswhich will give as much--4.5% per annum. Thanks.
- asked by lookcloser
Most banks don't care where you live. Call themand ask them - answered by: mapleguy
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Question: #3: Does anyone have an ING Direct account? If so are you happy with the account and dividend rate?
Also, about how long does it take to transfer fromyour ING Direct account to your linked checkingaccount?
- asked by Very Berry
The transfer is pretty quick, when you first openthe account it takes like 2 or 3 days to clear butafter that every transaction is instantaneous. The CD gives interest annually and the savingsaccount gives interest monthly and it's userfriendly and you can access your account at anytime. The only thing I'd say if you're thinkingabout opening an ING account is that for savingsyou can get a better rate at
http://www.emigrantdirect.com - answered by: Lianne
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Question: #4: My parents up in Canada want to invest in mutual funds using ING Direct. What are some of thehidden fees?
In Canada's ING Direct? I know that the US hasthem, however, I also know that the US and CanadaING Directs are different. Can you tell me, whatyou think of them from personal experience?
- asked by Leslie C
Its irrelevant. Products are products. They allhave fees and they are all about the same. Whatyou have to know is it works differently inCanada. The dealer/advisor compensation is builtinto the fund costs or "hidden" as you term it. Soin Canada everyone generally pays a "set" cost ofsay 2.50%. (for accounts under $500,000) whereasin the US you pay a much lower set fee and thennegotiate for the balance. The end cost couldstill very well be 2.5% in the US but its moretransparent.Fees are so low on the list of whatthey should be focussing on its staggering. Do youreally think someone overweighted in US small cap,reeling from a 25% portfolio hit is jumping up anddown for joy because they saved 0.25% in feeswhile their retirement nest egg bleeds into thecarpet? Advise them to hire a qualified financialplanner who they know they can trust and knows hisstuff. Why would you believe that you or anyonecould extrapolate the information you need forthis crucial financial decision for your parentsin a yahoo answers blog when it takes people likeme 15 years of working in the investment businessfull time helping clients, 4 professionaldesignations and untold time to be in a positionwhere I can give appropriate feedback? - answered by: John A
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Question: #5: How many transfers can I make from ING DIRECT?
I just opened my ING today, I dont know how many transfers can I make from ING DIRECT to mychecking and saving accounts (outside banks).Howmuch do they charge for fees?
- asked by Bluesea
There are no fees and you can make as manytransfers as you wish. I have been very happy withtheir services. - answered by: David M
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Question: #6: Is ING Direct the best savings option?
Ive been with ING Direct for over a year, and I like it, its convenient, but the savings ratekeeps going down somewhat in the past 6 months,and I can tell that other savings have higherearning rates (ING is currently only at 4.20 APY)How come other savings accoutns offer much higherearning rates than ING? Do they charge to become amember; ING is free. Im wondering whether I shoudlswitch or not.
- asked by Tha tru hustla
Paypal my have a higher interest rate, but don'tforget that switching to Paypal does entail morerisk. ING is a registered bank and therefore iscovered by FDIC insurance. Funds held in thePaypal money market fund (which pays the high rateof interest) are not covered by FDIC insurance(see info from Paypal site below).Your call, butI'd stay with ING as opposed to switching toPaypal as others have suggested. - answered by: The Professor
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Question: #7: Does anyone use ING direct? What are the advantages of it? What is bad about it?
I'm curious about joining ING direct. I want tosave some money. However, Im not sure how INGdirect works. What are the bad things about INGdirec? Would you recommend someone to use INGdirect? If not why?Once i deposit my money withING direct, How easy will it be for me to accessmy money?My main fear is that i put my money withthem and then lose it forever. Please , any tips,info or advices or warnings are welcome.
- asked by english_student2006
I've used it for a long time, and it's been great. Make sure you get a referral when you sign up andyou get a free $25 bucks. I would let peopleemail me for a code, but I think it might beconsidered spam so don't do that. - answered by: thugmcbeef
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Question: #8: ING direct orange savings linked to wellsfargo checking?
I am planning to open a savings account with ingdirect. and was wondering if i link it to mywellsfargo checking will I be charge a fee? i knowing would do it for free. how about wellsfargo?
- asked by Corsica2147
there will be no fee charged!!! - answered by: mister ed
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Question: #9: Do you have to have an account in the UK to open a savings account with ING Direct?
I am looking for a savings account to put a fewthousand dollars into. I was looking into INGDirect because it has higher interest rates, butdon't know how this works if my checking accountthat will be connected to it is in the U.S. Howwill taxes work if the account isn't in the U.S.? Any help or suggestions?
- asked by pat4620
ING is a foreign based company, but it like manyother major money center banks have US operations,US Chartered Bank subsidiaries and are paying forFDIC insurance on those subsidiary banks. From theINGdirect web site:"Safe and Secure - FDICInsuredYour deposits at ING DIRECT are FDICinsured up to $100,000 per depositor. Keep in mindthat individual and joint accounts are insuredseparately, so if you have both types of accountswith us, your total deposits can be insured up to$200,000; that's up to $100,000 in all of yourindividual accounts, and up to an additional$100,000 in all of your joint accounts. INGDIRECT's FDIC certificate number is 35489. You canlearn more about the FDIC at their website,www.fdic.gov. We are registered with the FDICunder the name ING Bank, fsb." I have a INGDirect & and HSBC Direct linked to my locallybased US bank. They will file the standard taxforms with the IRS just like any other US Bank onthe interest you earn. - answered by: tiescore
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Question: #10: Is ING direct safe? Is there a chance that they can lose all of money that I invest?
I chose ING direct because they have such a highinterest rate, but are they safe? Are there factsto back that up?P.S. If its not safe, what bankhas the highest interest with no risks of melosing my money. Thanks.
- asked by quest77
There's no such thing as absoultely no risk in anyfinancial vehicle. The financial market could goto zero tomorrow and you and everyone else wouldlose alot of money.That being said, ING should befine for you to have your money. Even when ETradewas having financial problems they were still ableto pay their interest rates and pay back accountbalances.If you're account is worth less that$100,000, then the FDIC will repay you if yourbank goes under. - answered by: Matt G
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