Online Banking With ING Direct

When you are in the market for an online bank, look no further than ING Direct.

ING Direct has no bricks and mortar, it is truly an online bank in every sense of the word.
As ING Direct does not have to manage real estate and all the trappings of a traditional bank, it enjoys significantly less overheads and passed these savings on to the customer in the form of no fees. Yes, that’s right, no fees!

ING Direct is FDIC insured, and has strong security measures in place to keep your information private and confidential.

Savings accounts with ING Direct yield much higher interest rates compared to other banks.

One thing to not offered by ING Direct is checking accounts. They do, however, offer mortgages, home equity loans, mutual funds and also CDs of varying lengths.

ING Direct allows you to organise you accounts to automatically deposit funds from your check account into your savings account at a predefined schedule. It couldn’t be easier.

A quick rundown of my favorite things about ING Direct include:

• No fees
• No minimum deposits
• No withdrawal charges
• You can have multiple accounts
• An ING Direct savings accounts is linked to my checking account at my local bank.
• This allows me to make bank transfers as needed.
• No application fees for mortgages or home equity loans
• No annual fees and no prepayment penalties on home loans
• 6 month Certificates of Deposit with great interest rates

ING Direct is the only bank I know of that offers an affiliate program whereby if you refer a customer to ING Direct and they sign up for a new account, ING will deposit $25 into your account. How’s that!

c taylor

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